Treble Damage Awards in Private Lawsuits for Price Fixing
重新审视三倍损害赔偿对固定价格行为的影响模型,发现除非检测概率对价格极度敏感,否则提高赔偿倍数不会改善市场效率或预期分配,反而会推高市场价格。
The traditional model for assessing the effects of treble damage pena lties on price fixing is reexamined and shown to yield surprising res ults. Unless the probability of detection is extremely sensitive to the price charged, increasing the damage multiple will affect neither market efficiency nor expected distribution, and will raise the mark et price. Copyright 1987 by University of Chicago Press.