The main section of the paper analyzes the principles and practice of competition policy for utilities under six … headings: price discrimination and cross-subsidy; oligopolistic behaviour; mergers and takeovers; vertical structure; network … access pricing; and historical entry barriers. The conclusion discusses proposals for the reform of competition policy for …

One of the most controversial questions in current competition policy is when, if ever, should competition law require … of 2007 and the US linkLine case of 2009.  The analysis focuses on whether competition law and regulation are complements … or substitutes, and on incentives for investment and (sequential) innovation. …

An industry in decline provides an appropriate setting for the theory that mergers and acquisitions destroy implicit … demand theory. We find evidence of a significant negative effect of mergers/acquisitions on employment of a magnitude similar …

these sectors. To explore these variations the paper links competitive conditions with the market valuation of innovation …

Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation. There are many types of …

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

discount, they can use the discount to relax competition, which can harm welfare. …

The most important issues in auction design are the traditional concerns of competition policy-preventing collusive …