Title:Antitrust Penalty Reform
- 83 Paperback pages
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How effective are our antitrust penalties? After decades of relatively little interest in this question, considerable attention is now being paid to the economic consequences of what is, and is not, done to antitrust violators. The authors focus on the penalties of incarceration and fines that may be imposed after public prosecution and of treble damages that may be levied after litigation by a private plaintiff.
This study describes the economic costs of private damages actions and evaluates the use of jail sentences and other penalties for Sherman Antitrust Act offenders. The authors subject the various penalties to a cost-benefit analysis and make suggestions for their reform.
William Breit is the E. M. Stevens Distinguished Professor of Economics at Trinity University in San Antonio, Texas. Kenneth G. Elzinga is a professor of economics at the University of Virginia.