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Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets
Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...
Persistent link: https://www.econbiz.de/10009777055
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Competition Law and Sector Specific Rules in European Energy Sector : A Comparison to Trinko, Recent Commission’s Antitrust Decisions and a Look to the Future
Diathesopoulos, Michael D. - 2014
This paper aims at highlighting the Commission's approach towards the relation between sector specific regulation and general competition law, especially concerning energy markets and the road to Internal Market objective.We firstly present Trinko case, in order to focus on two crucial and...
Persistent link: https://www.econbiz.de/10013069619
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Delays in leniency application : is there really a race to the enforcer’s door?
Gärtner, Dennis; Zhou, Jun - 2012 - First version June 2012, Revised November 2012
common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …
Persistent link: https://www.econbiz.de/10009685867
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Corporate social responsibility by joint agreement
Schinkel, Maarten-Pieter; Treuren, Leonard - 2021
Industry-wide voluntary agreements are touted as a means for corporations to take more corporate social responsibility (CSR). We study what type of joint CSR agreement induces firms to increase CSR efforts in a model of oligopolistic competition with differentiated products. Consumers have a...
Persistent link: https://www.econbiz.de/10012591411
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China's foreign oil policy : genesis, deployment and selected effects
Christie, Edward Hunter; Francois, Joseph F.; Urban, … - 2010
China is a rising global power with a growing role and impact on the world's energy markets as well as on the Earth's climate system. China pursues its development in an essentially non-confrontational manner, a vision encapsulated by the notion of peaceful rise which is viewed positively in the...
Persistent link: https://www.econbiz.de/10011392322
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Caspian region: the geopolitical implications for European energy strategy
Aydin, Ulviyye; Azhgaliyeva, Dina - 2019
Following the collapse of the Soviet Union, Western countries have signed several agreements regarding the use of hydrocarbon resources in the Caspian Basin, with the aim of diversifying their energy suppliers. However, recession in the world economy and persistently low oil prices have...
Persistent link: https://www.econbiz.de/10012110274
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Global cartels, leniency programs and international antitrust cooperation
Choi, Jay Pil; Gerlach, Heiko A. - 2010
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members. -- cartel formation ; multi-market contact ; leniency programs ; international antitrust cooperation …
Persistent link: https://www.econbiz.de/10003955227
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Competition as a socially desirable dilemma theory vs. experimental evidence
Engel, Christoph - 2009
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain … oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …
Persistent link: https://www.econbiz.de/10003877116
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Policy innovations, political preferences, and cartel prosecutions
Ghosal, Vivek; Sokol, D. Daniel - 2015
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10011346282