The Economics of Antitrust Compliance: I. Introduction

The Economics of Antitrust Compliance: I. Introduction

The typical Fortune 500 corporation spent nearly $6 million in the decade of the 1970s on antitrust fines, damages, court costs, out-of-court settlements, legal fees, and compliance with the demands of antitrust investigations. This was a 350 percent increase over the 1960s. Attorneys' fees inc...

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Veröffentlicht in:Southern economic journal 1986-01, Vol.52 (3), p.673
Hauptverfasser: Beckenstein, Alan R, H LANDIS GABEL
Format: Artikel
Sprache:eng
Schlagworte:
Attorneys
Decision making
Expected values
Fines & penalties
Management decisions
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Zusammenfassung:The typical Fortune 500 corporation spent nearly $6 million in the decade of the 1970s on antitrust fines, damages, court costs, out-of-court settlements, legal fees, and compliance with the demands of antitrust investigations. This was a 350 percent increase over the 1960s. Attorneys' fees increased the cost to more than $20 million. The number of antitrust cases brought against the Fortune 500 increased approximately 40 percent from the 1960s to the 1970s, when 60 percent of the outcomes were adverse.
ISSN:0038-4038
2325-8012