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advertising receipts. We show that this induces the editors of the newspapers to moderate the political message they display to …
Persistent link: https://www.econbiz.de/10005634020
We analyse the rivalry between two TV-channels competing both on the market for audience and the market for advertising …. We identify the nature of TV-programs emerging from this competition, and the quantity of advertising that TV …
Persistent link: https://www.econbiz.de/10005634073
In this paper we consider a two-stage duopoly game where firms first decide whether to invest in advertising and then … compete in prices. Advertising has two effects: a market enlargement for both firms and a predatory gain for the investing … investment in advertising and that strong product substitutability may induce a coordination problem. …
Persistent link: https://www.econbiz.de/10005008546
Since the introduction of a formal commitments procedure in EU an- titrust policy (Article 9 of Council Regulation 1/2003), the European Commission has extensively settled cases of alleged anticompetitive practices. In this paper, we use a formal model of law enforcement (Be- bchuk, 1984; Shavell,...
Persistent link: https://www.econbiz.de/10011246329
This article is motivated by a growing interest in the problem of merger control quality assessment. Remedies are one of the instruments of merger control and have a significant influence on the results of it. This paper aims to build and empirically evaluate a discrete choice model of merger...
Persistent link: https://www.econbiz.de/10010898300
We examine the effect of the Amnesty Plus policy on the incentives of firms to engage in cartel activities. Amnesty Plus is aimed at attracting amnesty applications by encouraging firms, convicted in one market, to report their collusive agreements in other markets. It has been vigorously...
Persistent link: https://www.econbiz.de/10008642225
The article focuses on the effects that type I errors can have on the incentives of firms to compete, collude or engage in efficiency promoting socially beneficial cooperation. Our results confirm that in the presence of type I errors the introduction of a leniency program can have ambiguous...
Persistent link: https://www.econbiz.de/10010760521
This article focuses on the development of antitrust policy in transition economies in the context of preventing explicit and tacit collusion. Experience of BRICS, Kazakhstan, Ukraine and CEE countries (Bulgaria, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Czech Republic,...
Persistent link: https://www.econbiz.de/10011098892
In the framework of consumer theory ala Lancaster, in which preferences are defined over bundles of characteristics embodied in goods rather than over goods themselves, a concept of "irrelevant" product differentiation is introduced and its relevance at equilibrium is analyzed. It is also argued...
Persistent link: https://www.econbiz.de/10005042971
Persistent link: https://www.econbiz.de/10005669229