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This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the … oligopoly ; entry …
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This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the …
Persistent link: https://www.econbiz.de/10009781544
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
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having caused supply curtailments to its customers. We derive testable implications of such behavior and show that the theory …
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