Le Tribunal de Première Instance des Communautés Européennes (TPICE) a récemment rétorqué trois vetos des autorités communautaires de la concurrence. Au-delà du camouflet que représentent ces décisions, c'est principalement l'insuffisance de preuves et la faiblesse de l'analyse...

The paper addresses the issue of who pays for the cost of creating artistic works and other forrns of intellectual property. It examines the effect of current legal structure on regulatory performance in markets for intellectual property; specifically the effects of sequential and partial...

Des écarts de prix importants sur les marchés automobile européens donnent lieu à des importations parallèles entre les pays de l'Union Européenne. Ce commerce « gris » va-t-il faire converger les prix vers un prix unique, plus concurrentiel ? Cet article a pour objet d'analyser les...

In this paper we consider a simple model of horizontal differentiation and derive the closed form solutions for the level of the variables in the decentralized economy and in the social planner case. This enables us to analyze consumers’ welfare as a function of the parameter representing...

Recent human capital theories predict that labor market frictions and product market competition influence firm-sponsored training. Using matched worker-firm data from Dutch manufacturing, our paper empirically assesses the validity of these predictions. We find that a decrease in labor market...

In the theoretical literature, strong arguments have been provided in support of the efficiency defense in antitrust merger policy. One of the most often cited results is due to Williamson (1968) that shows how relatively small reduction in cost could offset the deadweight loss of a large price...

In this paper we propose an example of successive oligopolies where the downstream firms share the same decreasing returns technology of the Cobb-Douglas type. We stress the differences between the conclusions obtained under this assumption and those resulting from the traditional example...

In this paper we address the following question : is it more profitable, for an entrant in a differentiated market, to acquire an existing firm than to compete ? We illustrate the answer by considering competition in the banking sector

This paper faces two questions concerning Joint Ventures (JV) agreements. First, we study how the partners contribution affect the creation and the profit sharing of a JV when partners’ effort is not obervable. Then, we see whether such agreements are easier to enforce when the decision on JV...

This paper analyses successive markets where the intra-market linkage depends on the technology used to produce the final output. We investigate entry of new firms, when entry obtains by expanding the economy as well as collusive agreements between firms. We highlight the differentiated effects...