Louis Kaplow
- Published in print:
- 2013
- Published Online:
- October 2017
- ISBN:
- 9780691158624
- eISBN:
- 9781400846078
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691158624.003.0013
- Subject:
- Economics and Finance, Economic History
This chapter analyzes sanctions, concentrating primarily on deterrence. In many instances, reflecting current practice, the most important instruments are fines levied by government enforcers and, ...
More
This chapter analyzes sanctions, concentrating primarily on deterrence. In many instances, reflecting current practice, the most important instruments are fines levied by government enforcers and, where permitted, damages collected by injured parties. If the probability of sanctions and their magnitude are sufficient, most coordinated price elevation will be deterred. A major challenge in setting monetary sanctions is determining the extent of price elevation. The measurement problem is conceptually the same whether price elevation was accomplished through secret meetings, mere recognition of interdependence, or in any other manner. The threat of imprisonment as well as fines assessed against individual actors can be a useful supplement, particularly in light of agency problems within firms. Injunctions are also considered. Although much academic commentary fixates on injunctive relief, it is not evident that it is important in controlling coordinated oligopoly pricing.Less
This chapter analyzes sanctions, concentrating primarily on deterrence. In many instances, reflecting current practice, the most important instruments are fines levied by government enforcers and, where permitted, damages collected by injured parties. If the probability of sanctions and their magnitude are sufficient, most coordinated price elevation will be deterred. A major challenge in setting monetary sanctions is determining the extent of price elevation. The measurement problem is conceptually the same whether price elevation was accomplished through secret meetings, mere recognition of interdependence, or in any other manner. The threat of imprisonment as well as fines assessed against individual actors can be a useful supplement, particularly in light of agency problems within firms. Injunctions are also considered. Although much academic commentary fixates on injunctive relief, it is not evident that it is important in controlling coordinated oligopoly pricing.
David J. Harding, Jeffrey D. Morenoff, and Jessica J. B. Wyse
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9780226607504
- eISBN:
- 9780226607788
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226607788.003.0003
- Subject:
- Sociology, Law, Crime and Deviance
This chapter begins the study of the process of prisoner reentry and reintegration where this transition starts, in prison and in the days and weeks after release. It analyzes participants’ accounts ...
More
This chapter begins the study of the process of prisoner reentry and reintegration where this transition starts, in prison and in the days and weeks after release. It analyzes participants’ accounts of their experiences in prison and the impact of their incarceration on their social isolation, family ties, and other important relationships. It describes participants’ transition experiences immediately after release, as they recover from prisonization, shedding their institutional identities and roles and start in earnest the process of social and economic reintegration. Finally, this chapter discusses participants’ experiences of parole, the conditions it imposes, and monetary sanctions -- the legal and financial obligations that accompany parole supervision.Less
This chapter begins the study of the process of prisoner reentry and reintegration where this transition starts, in prison and in the days and weeks after release. It analyzes participants’ accounts of their experiences in prison and the impact of their incarceration on their social isolation, family ties, and other important relationships. It describes participants’ transition experiences immediately after release, as they recover from prisonization, shedding their institutional identities and roles and start in earnest the process of social and economic reintegration. Finally, this chapter discusses participants’ experiences of parole, the conditions it imposes, and monetary sanctions -- the legal and financial obligations that accompany parole supervision.
