Class Actions and Private Antitrust Litigation
نویسندگان
چکیده
When firms collude and charge supracompetitive prices, consumers can bring antitrust lawsuits against the firms. litigation cost is low, accept as just another of doing business, whereas when high, lower price to deter litigation. Class action modeled a mechanism that allows plaintiffs attorneys obtain economies scale. We show class actions, firms’ incentive block them, may or not be socially desirable. Agency problems, settlement, fee-shifting, treble damages, public enforcement, sustaining collusion through repeat play are also considered. (JEL D21, D24, D82, K15, K21, K41, L40)
منابع مشابه
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2022
ISSN: ['1945-7669', '1945-7685']
DOI: https://doi.org/10.1257/mic.20200059