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Full-Text Articles in Law
Book Reviews, George A. Hay, H. Michael Mann, Teresa Amott
Book Reviews, George A. Hay, H. Michael Mann, Teresa Amott
Vanderbilt Law Review
Book Reviews:
The Antitrust Penalties: A Study in Law and Economics By Kenneth G. Elzinga and William Breit
Reviewed by George A. Hay
The Antitrust Penalties was published in 1976. Its main mes-sage is that the only efficient antitrust penalty is a heavy fine and that incarceration comes out poorly by any benefit-cost standard.Later that year, in a celebrated and possibly unprecedented appearance, newly appointed Assistant Attorney General Donald I. Baker argued before a federal district judge that jail sentences were the appropriate penalty for a group of defendants who had just been convicted in one of the major price-fixing …