Showing 1 - 10 of 179
Recent cases in the US (Meritor, Eisai) and in the EU (Intel) have revived the debate on the use of price-cost tests in loyalty discount cases. We draw on existing recent economic theories of exclusion and develop new formal material to argue that economics alone does not justify applying a...
Persistent link: https://www.econbiz.de/10011262886
We estimate the deterrence effects of U.S. merger policy instruments with respect to the composition and frequency of future merger notifications. Data from the Annual Reports by the U.S. DOJ and FTC allow industry based measures over the 1986-1999 period of the conditional probabilities for...
Persistent link: https://www.econbiz.de/10009225959
innovation policy in the context of EU economic law (competition policy, intellectual property law, sector regulation). As such …
Persistent link: https://www.econbiz.de/10009205060
This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor … significant effect of competition policy as measured by newly created indexes. We provide several arguments and results based on … causal way. At a disaggregated level, the effect on TFP growth is particularly strong for specific aspects of competition …
Persistent link: https://www.econbiz.de/10008528531
, we apply a mechanism design approach to characterize all incentive-compatible market equilibria. Second, we conduct a … normative analysis, i.e. we evaluate alternative competition and innovation policies from a welfare perspective. Third, we … introduce a reliable way to measure competition in dynamic markets with non-linear pricing. We illustrate the usefulness of our …
Persistent link: https://www.econbiz.de/10008530381
extensions are considered, including markets where scale economies exist because of demand externalities or two-sided market …
Persistent link: https://www.econbiz.de/10004973970
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10004976790
Theories of bundling have had great importance in European competition policy in recent merger control and abuse of …
Persistent link: https://www.econbiz.de/10005123890
This paper first discusses how the market is delineated in some recent antitrust cases in the printed media industry …. It evaluates the extent to which the main features of the industry are incorporated into the analysis and affect market … estimates of elasticities. As demand substitution is a crucial element for defining market, bad estimates of elasticities could …
Persistent link: https://www.econbiz.de/10005123955
We study the consequences of leniency - reduced legal sanctions for wrongdoers who spontaneously self-report to law enforcers - on sequential, bilateral, illegal transactions such as corruption, manager-auditor collusion, or drug deals. It is known that leniency helps to deter illegal...
Persistent link: https://www.econbiz.de/10005124229