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The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Investigations to Prosecute Cartels

Ghosal, Vivek - CESifo - 2011

investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … could be jeopardized if the firms were engaging in collusion, as the likelihood of detection and prosecution would increase … cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect …

Persistent link: https://www.econbiz.de/10009147742

Buying to Sell: Private Equity Buyouts and Industrial Restructuring

Norbäck, Pehr-Johan; Persson, Lars; Tag, Joacim - CESifo - 2013

antitrust policy, we underscore that an active private equity market can aid antitrust authorities by triggering welfare …

Persistent link: https://www.econbiz.de/10010681223

Competition and Stability in Banking

Vives, Xavier - CESifo - 2010

I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...

Persistent link: https://www.econbiz.de/10008572523

What Drives Immigration Amnesties?

Casarico, Alessandra; Facchini, Giovanni; Frattini, Tommaso - CESifo - 2012

We develop a general model of legal and illegal immigration to understand the basic tradeoffs faced by a government in the decision to implement an immigration amnesty in the presence of a selective immigration policy. We show that two channels play an important role: an amnesty is more likely...

Persistent link: https://www.econbiz.de/10010877734

The Impact of Market Regulations on Intra-European Real Exchange Rates

Benassy-Quere, Agnes; Coulibaly, Dramane - CESifo - 2013

We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...

Persistent link: https://www.econbiz.de/10010604635

Carve-Outs under Airline Antitrust Immunity

Brueckner, Jan K.; Proost, Stef - CESifo - 2009

This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are …

Persistent link: https://www.econbiz.de/10008533998

Sports League Expansion and Economic Efficiency: Monopoly Can Enhance Consumer Welfare

Kahn, Lawrence - CESifo - 2003

This paper studies optimal sport league size. League expansion lowers average player quality, reducing fans’ utility in inframarginal locations, while fan utility in new locations rises. Welfare analyses of such expansions must compare these two effects. Using a model where fan demand depends...

Persistent link: https://www.econbiz.de/10005181334

Two-Sided Markets and Electronic Intermediaries

Jullien, Bruno - CESifo - 2004

The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to illustrate some of the results that emerge in the...

Persistent link: https://www.econbiz.de/10005181364

Net Neutrality and Investment Incentives

Choi, Jay Pil; Kim, Byung-Cheol - CESifo - 2008

This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and content providers (CPs), and their implications for social welfare. We show that the ISP’s decision on the introduction of discrimination across content depends on a...

Persistent link: https://www.econbiz.de/10005196250

Business Decision-Making under Uncertainty: Evidence from Employment and Number of Businesses

Ghosal, Vivek; Ye, Yang - CESifo - 2013

Using the framework provided by the asymmetric-information and real-options theories, we examine the impact of uncertainty on firms’ decisions and market outcomes. We construct alternative measures of uncertainty based on survey of professional forecasters and our estimation of...

Persistent link: https://www.econbiz.de/10010674454