Abstract and Keywords
In this chapter, the author develops an integrated, albeit schematic, account of how courts and agencies should optimally deploy the various antitrust remedies. To set some limits on this daunting task, the focus throughout will be on the American system of remedies and the literature surrounding it, with only occasional comparisons to European and Asian approaches. The chapter divides antitrust remedies into two categories: penalties aimed at deterrence and injunctions aimed at prospective remediation. The following two sections address these two categories in turn. Each section begins with a description of the economic framework for shaping the remedies under consideration and then applies that framework to examine the most important uses of the remedies for particular offenses.
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