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Antimonopoly laws must contain effective provisions for the attack of exclusionary behavior by firms with market power while at the same time not attacking procompetitive behavior by entrants or incumbents. This paper suggests seven textual criteria by which a new law may be evaluated in its...
Persistent link: https://www.econbiz.de/10005561465
This article studies how equity ownership and corporate control were separated in the United States. Initially, railroads and industrial firms were tightly controlled by a few shareholders; this situation was altered in the 1890s by massive mergers and reorganizations, which allowed private...
Persistent link: https://www.econbiz.de/10005076978
This article evaluates two different remedies for consumers who have been injured by a price overcharge on the sale of a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to purchase the good at a price below that which prevails...
Persistent link: https://www.econbiz.de/10005077078
-entry. We compare markets with price matching and free entry to the traditional concerns of antitrust law, monopoly or cartel … markets without entry. Price matching with entry leads to greater welfare losses than both monopoly and cartel in markets with …
Persistent link: https://www.econbiz.de/10005126033
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
The fundamental contribution of the paper is to contest the view that greater market contestability has non-negative effects on market performance. In a model where employees pose a threat of potential entry, we demonstrate that a reduction in barriers to entry causes no fall in industry price...
Persistent link: https://www.econbiz.de/10005134503
From the antitrust case law that governs restrictions on patent licenses, we derive three unifying principles: just … and should not be acceptable from an antitrust perspective. We also compare these principles and the per se rules that …
Persistent link: https://www.econbiz.de/10005412526
This paper presents a model of private bilateral and multilateral peering arrangements between Internet backbone providers when the network is congested. We study how different forms of interconnection and the competitive conditions of the market affect backbones' investments in network and...
Persistent link: https://www.econbiz.de/10005412875
The Microsoft antitrust case focused public attention on the role of antitrust enforcement in preserving the forces of … this paper, we examine whether innovation has displaced short-term price effects as the focus of antitrust enforcement by … have been consistent with the 1995 DOJ/FTC Antitrust Guidelines for the Licensing of Intellectual Property [IP Guidelines …
Persistent link: https://www.econbiz.de/10005412884
We analyze the central economic issues raised by U.S. v Microsoft. Network effects and economies of scale in applications programs created a barrier to entry for new operating system competitors, which the combination of Netscape Navigator and the Java programming language potentially could have...
Persistent link: https://www.econbiz.de/10005412983