integrated at the distributor level by parallel imports (PI). In this context we show that if competition policy requires uniform … competition policy may not be optimal for consumer welfare. …

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual … marginal cost. This output is sold in the market in competition with the merging firm. The paper compares sale of physical and …

market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

As a part of their industry or competition policies governments decide whether to allow for free market entry of firms …

Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market …-prices-to-sheltered-consumers” decreases prices in the sheltered segment, relaxes competition in the competitive segment, increases the rival’s profits, and … segment, lowers the rival’s profits, and augments the consumer surplus. In particular, while second-period competition is …

We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary …