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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10014023495
An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …
Persistent link: https://www.econbiz.de/10011083745
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We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger profitability of targets, a decrease in the size of acquirers...
Persistent link: https://www.econbiz.de/10011518760
We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels. One third of … organization, or external threats. Cartels use three main approaches to raise profits: Price, market allocation, and specialization …. These appear to be substitutes. Choosing one has implications on how cartels deal with instability. Simplifying, we find …
Persistent link: https://www.econbiz.de/10011084010
World Series telecasts are now an inferior good. Income and the time cost of consumption interact so that a ten percent income increase reduces viewership by 1.8 million households. Increased availability of substitutes reduces ratings but increased drama improves them.
Persistent link: https://www.econbiz.de/10010576433
This paper first discusses how the market is delineated in some recent antitrust cases in the printed media industry …
Persistent link: https://www.econbiz.de/10005123955
Since the early 1970s, movie theaters in the United States have employed a pricing model of uniform prices for differentiated goods. At any given theater, one price is charged for all movies, seven days a week, 365 days a year. This pricing model is puzzling in light of the potential...
Persistent link: https://www.econbiz.de/10010736901
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conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …
Persistent link: https://www.econbiz.de/10009225959