Journal of Business & Economic Policy

Trade Associations' Power of Sanction - From the Chinese Perspective
Yan Hao, Ling Xiao

Abstract
Disputes are arising with the increasing litigation disputes caused by punitive action of trade associations in judic ial practice, which focus on the legitimacy of punitive measures, the specific manner of dispute resolution, the rela tionship between punishment and antitrust law and so on. By contrast, there has been a lack of systematic researc h on the relevant theoretical issues, on which the punitive power of trade association should be focused, the vital t heoretical framework of the autonomy and self-discipline of the trade associations should be re-sorted. This study aims at responding to such potential need of the reality. This study analyzes the generation and the balance mecha nism of the punitive power under the scrutiny of social exchange theory.

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