On the Meaning of Horizontal Agreements in Competition Law

Although much competition regulation has proved controversial, the prohibition on price fixing is longstanding. According to Louis Kaplow, there is however a central difficulty that is insufficiently recognized and seriously underanalized. 10.8.2011 In this article, published in the California Law Review, Kaplow explains that upon examination, commonly offered views of the law's conception of agreement prove to articulate in an operational manner, at odds with key aspects of legal doctrine and practice, and unrelated to core elements of modern oligopoly theory. On the Meaning of Horizontal Agreements in Competition Law by Louis Kaplow