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The Deterrence Effects of U.S. Merger Policy Instruments
Clougherty, Joseph A.; Seldeslachts, Jo - C.E.P.R. Discussion Papers - 2011
conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …
Persistent link: https://www.econbiz.de/10009225959
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Remedy for Now but Prohibit for Tomorrow: The Deterrence Effects of Merger Policy Tools
Barros, Pedro Pita; Clougherty, Joseph A.; Seldeslachts, Jo - C.E.P.R. Discussion Papers - 2007
Antitrust policy involves not just the regulation of anti-competitive behavior, but also an important deterrence effect … unable to empirically measure these effects. We consider the ability of different antitrust actions – Prohibitions, Remedies … empirically estimate the impact of antitrust actions on future merger frequencies. We find merger prohibitions to lead to …
Persistent link: https://www.econbiz.de/10005791805
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Bargaining, Mergers and Technology Choice in Bilaterally Oligopolistic Industries
Inderst, Roman; Wey, Christian - C.E.P.R. Discussion Papers - 2001
This Paper provides a conceptual framework of multilateral bargaining in a bilaterally oligopolistic industry to analyse the motivations for horizontal mergers, technology choice, and their welfare implications. We first analyse the implication of market structure for the distribution of...
Persistent link: https://www.econbiz.de/10005791946
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The International Dimension of the Antitrust Practice in Poland, Hungary and the Czech Republic
Mavroidis, Petros C; Neven, Damien J - C.E.P.R. Discussion Papers - 2000
. Problems are most severe in the Czech republic. (iii) Anti-trust agencies in all three countries have attempted to advocate … become even more independent. (iv) Anti-trust agencies in all three countries could indeed be pursuing objectives of …
Persistent link: https://www.econbiz.de/10005792198
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Cartels Uncovered
Hyytinen, Ari; Steen, Frode; Toivanen, Otto - C.E.P.R. Discussion Papers - 2010
How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a Hidden Markov Model that answers the question, taking into account that often we do not know whether a cartel exists in an industry or not. Our model identifies key policy...
Persistent link: https://www.econbiz.de/10008468608
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Vertical Merger, Collusion, and Disruptive Buyers
Nocke, Volker; White, Lucy - C.E.P.R. Discussion Papers - 2010
In a repeated game setting of a vertically related industry, we study the collusive effects of vertical mergers. We show that any vertical merger facilitates upstream collusion, no matter how large (in terms of capacity or size of product portfolio) the integrated downstream buyer. But a...
Persistent link: https://www.econbiz.de/10008468660
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A Simple Theory of Predation
Fumagalli, Chiara; Motta, Massimo - C.E.P.R. Discussion Papers - 2009
We propose a simple theory of predatory pricing, based on scale economies and sequential buyers (or markets). The entrant (or prey) needs to reach a critical scale to be successful. The incumbent (or predator) is ready to make losses on earlier buyers so as to deprive the prey of the scale it...
Persistent link: https://www.econbiz.de/10004973970
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On the Desirability of an Efficiency Defense in Merger Control
Heidhues, Paul; Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2003
antitrust authority. Although the information improves upon the quality of the authority’s decision, the influence activities … institution and provide conditions under which an efficiency defense is desirable. We also discuss the implications for antitrust …
Persistent link: https://www.econbiz.de/10005067524
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Entrepreneurial Innovations, Competition and Competition Policy
Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2008
We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...
Persistent link: https://www.econbiz.de/10005497863
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Corporate Governance and Collusive Behaviour
Buccirossi, Paolo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2007
in terms of sanctions and leniency policies. Many of the conclusions appear applicable, with minor changes, to non-antitrust …
Persistent link: https://www.econbiz.de/10005498010