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The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10010751014
regarding monopoly and cartel policy. Undertakings have to manoeuvre through a complex universe. Not only must they master the … competition and add up to the aforementioned. Monopoly and cartel policy presents itself as an important limitation to the freedom … harmful to competition insomuch as cartel and monopolies or taking advantage of a dominant position are means generally …
Persistent link: https://www.econbiz.de/10010592989
Les enseignements de Murray Rothbard relatifs au monopole et à la concurrence ont l'immense avantage d'en présenter une conception réaliste, au contraire des manuels conventionnels mettant leurs lecteurs sur la piste d'une fausse dichotomie entre concurrence pure et parfaite et concurrence...
Persistent link: https://www.econbiz.de/10010820686
Le secteur de la distribution automobile en Europe présente une particularité au regard des règles générales de la concurrence : il fait l'objet d'un règlement d'exemption par catégorie. Celui ci autorise la permanence de relations verticales fortes entre les constructeurs et leurs...
Persistent link: https://www.econbiz.de/10008792730
The enforcement of contracts is necessary for efficient exchange in economic activities. The predominance in agriculture of informal contracts leads in many countries to the implementation of specific legal rules for contract law. This article emphasises the complementarities between public and...
Persistent link: https://www.econbiz.de/10008795633
organized in a "well-coordinated" cartel. After discussing the way the cartel reacts to any auction mechanism, we show that if … the cartel pay to get an efficient allocation or randomly allocating the item. We then discuss the way to implement this …
Persistent link: https://www.econbiz.de/10010899614
We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
Persistent link: https://www.econbiz.de/10010933826
To what extent is the observed mis-pricing in experimental asset markets caused by strategic uncertainty (SU) and by individual bounded rationality (IBR)? We address this question by comparing subjects initial price forecasts in two market environments - one with six human traders, and the other...
Persistent link: https://www.econbiz.de/10010933940
We provide experimental evidence of workers' ingratiation by opinion conformity and of managers' discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers' performance at a task and opinions before assigning unequal payoffs. In...
Persistent link: https://www.econbiz.de/10010929091
Vaccination campaigns to prevent the spread of epidemics are successful only if the targeted populations subscribe to the recommendations of health authorities. However, because compulsory vaccination is hardly conceivable in modern democracies, governments need to convince their populations...
Persistent link: https://www.econbiz.de/10010930176