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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

I present the following proposal: information revealed during non-cartel investigations by competition law enforcement authorities, such as evaluation of M&As or investigation of monopolization (dominance) conduct, should be directly used to investigate and prosecute cartels. Currently, in...

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

Market Segmentation in Two-Sided Markets: TV Rights for Premier League

Kind, Hans Jarle; Sørgard, Lars - CESifo - 2013

This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...

Persistent link: https://www.econbiz.de/10010603852

Assessing Horizontal Mergers under Uncertain Efficiency Gains

Choné, Philippe; Linnemer, Laurent - CESifo - 2006

The analysis of horizontal mergers hinges on a tradeoff between unilateral effects and efficiency gains. The article examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities should be very cautious about random gains. Our...

Persistent link: https://www.econbiz.de/10005416449

Stock Market Returns, Corporate Governance and Capital Market Equilibrium

Parigi, Bruno Maria; Pelizzon, Loriana; Thadden, … - CESifo - 2013

This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...

Persistent link: https://www.econbiz.de/10010720638

Politics-Business Interaction Paths

Belloc, Marianna; Pagano, Ugo - CESifo - 2009

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...

Persistent link: https://www.econbiz.de/10008572479

How Much Sunlight Does it Take to Disinfect a Boardroom? A Short History of Executive Compensation Regulation

Dew-Becker, Ian - CESifo - 2008

This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...

Persistent link: https://www.econbiz.de/10005181351

An Empirical Analysis of Legal Insider Trading in the Netherlands

Degryse, Hans; Jong, Frank de; Lefebvre, Jérémie - CESifo - 2009

In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information content of trades by corporate insiders. Using a standard event-study methodology, we examine short-term stock price behavior around trades. We find that purchases are followed by...

Persistent link: https://www.econbiz.de/10005034632

Immigration and Entrepreneurship

Fairlie, Robert W.; Lofstrom, Magnus - CESifo - 2015

attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … fundamental immigrant entrepreneurship issues as well as the empirical methods and data used. The main themes we address are … immigrant entrepreneurs’ contributions to the economy, entrepreneurship differences across groups and group differences in …

Persistent link: https://www.econbiz.de/10011257678

The Gender Gap in Entrepreneurship: Not Just a Matter of Personality

Caliendo, Marco; Fossen, Frank; Kritikos, Alexander; … - CESifo - 2014

Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …

Persistent link: https://www.econbiz.de/10010775095

Indian Entrepreneurial Success in the United States, Canada and the United Kingdom

Fairlie, Robert W.; Krashinsky, Harry A.; … - CESifo - 2013

Indian immigrants in the United States and other wealthy countries are successful in entrepreneurship. Using Census …

Persistent link: https://www.econbiz.de/10010721607