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competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national … cartels that renders lower profits and higher consumer rents than would have been the case with harmonization of the antitrust …
Persistent link: https://www.econbiz.de/10012471517
In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … brief review of antitrust legislation. We then discuss whether and how health care is different from other industries in … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …
Persistent link: https://www.econbiz.de/10012471682
This paper deals with the effect of trade restrictions on competition in oligopolistic markets. Quantitative restrictions, such as VER's (Voluntary Export Restrictions) are shown to affect the extent to which foreign firms can compete in the domestic market, and hence to raise the equilibrium...
Persistent link: https://www.econbiz.de/10012477540
this example, we identify and evaluate several doctrinal approaches to establishing antitrust liability for anticompetitive …
Persistent link: https://www.econbiz.de/10012479805
The goal of antitrust policy is to protect and promote a vigorous competitive process. Effective rivalry spurs firms to … to the antitrust treatment of horizontal mergers and of exclusionary conduct by dominant firms. A merger between rivals …
Persistent link: https://www.econbiz.de/10012479954
We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden … American history occurred, and his administration did not attempt to use antitrust laws to restrain any of those mergers. His … anticompetitive behavior. We find that firms with greater vulnerability to antitrust enforcement saw greater declines in their …
Persistent link: https://www.econbiz.de/10012480888
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
Persistent link: https://www.econbiz.de/10012481835
In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust … the effectiveness of antitrust policy. There are two types of data one requires in order to perform such an analysis. One … with the first type that a reliable analysis of antitrust policy can be carried out. There is a need both to collect the …
Persistent link: https://www.econbiz.de/10012463928
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have …, but specified prices and rules of mandatory dealing. Antitrust promoted competition without favoring special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10012465754
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10012465789