Showing 1 - 10 of 90
Antitrust emerged in the 1950s and became dominant in the US. We show the extent to which economic objectives and theoretical … views shaped antitrust laws in their inception. After establishing the minor influence of economics in the promulgation of … US competition laws, we then highlight US economists' very cautious views about antitrust until the Second New Deal. We …
Persistent link: https://www.econbiz.de/10010899680
entre la vieille loi des patents et la toute nouvelle législation antitrust. Les différentes expériences dans l …
Persistent link: https://www.econbiz.de/10011026195
From the perspective of antitrust authorities, the multiplication of patents embodied in technology standards is a … that have fueled antitrust debates and economic research during the last decade. On the one hand, patent owners may be … conditions, patent pools should be accepted by antitrust authorities. On the other hand, patent owners may be tempted to …
Persistent link: https://www.econbiz.de/10008789156
La politique de concurrence est complexe. Les incertitudes portent à la fois sur la définition même des règles mais aussi sur la mise en oeuvre de la politique. Les entreprises doivent gérer ces incertitudes qui peuvent constituer à la fois une contrainte mais aussi une source...
Persistent link: https://www.econbiz.de/10008790707
efficiency gains for the design of structural merger remedies. We show that a larger asset transfer should be requested from a … divestitures with the regulation of their sale price. We discuss the opportunity of such a merger policy tool, and argue that in …
Persistent link: https://www.econbiz.de/10010750378
The efficiency defence was long delayed in the European merger control due to costly implementation issues. In this … defence from those that do not, allowing such a procedure can lead to a lower post-merger price. Secondly, we study the impact … of merger remedies on the incentives conveyed by the efficiency defence, and conclude on the optimal design of the …
Persistent link: https://www.econbiz.de/10010750955
In this paper, we propose to analyze optimal nonlinear pricing when a firm offers in a bundle a commodity and a contingent service. The paper studies a mechanism design where all private information can be captured in a single scalar variable in a monopoly context. We show that to propose the...
Persistent link: https://www.econbiz.de/10010899137
This paper investigates the problem of hedging European call options using Leland's strategy in stochastic volatility markets with transaction costs. Introducing a new form for the enlarged volatility in Leland's algorithm, we establish a limit theorem and determine a convergence rate for the...
Persistent link: https://www.econbiz.de/10010821137
transaction cost theory, this article identifies the coordination problems and contractual hazards resulting from transaction and …
Persistent link: https://www.econbiz.de/10010821194
To execute a trade, participants in electronic equity markets may choose to submit limit orders or market orders across various exchanges where a stock is traded. This decision is influenced by the characteristics of the order flow and queue sizes in each limit order book, as well as the...
Persistent link: https://www.econbiz.de/10010821294