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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
Breaking up a monopoly may have stimulated innovation in oil refining over decades. In the shorter run, the immediate … demand for oil may have spurred more innovation. …
Persistent link: https://www.econbiz.de/10005126048
Our one-page reply to Whinston and Siegal's forthcoming AER article correcting and elaborating our 1991 AER article.
Persistent link: https://www.econbiz.de/10005561430
oligopoly theory regarding cost savings, competition, and consumer welfare. …
Persistent link: https://www.econbiz.de/10005134425
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628
The first generaation of competition laws in Central and Eastern Europe -- enacted in 1990 and 1991 in Czechoslovakia … to understand the degree to which the new laws are friendly to competition and the market. In addition, the new Romanian … competition law is subjected to the same examination. The conclusion is that the amendments to the laws have generally clarified …
Persistent link: https://www.econbiz.de/10005134522
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
Several recent papers argue that price matching policies raise equilibrium prices. We add to this literature by considering potential welfare losses, which have two sources: Harberger triangles from high prices and Posner rectangles from over-entry. We compare markets with price matching and...
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