Showing 1 - 10 of 14
essential facilities doctrine of antitrust. This is an area where European law and American law have diverged. In Trinko (2007 … avoid antitrust liability, or create sharing arrangements that undermine competition. We show how and why the original … purpose of the doctrine has become entangled with other antitrust issues, in particular, leveraging. We systematize the …
Persistent link: https://www.econbiz.de/10010760346
What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property selects high social surplus projects. Optimal innovation policy thus trades off the ex-ante screening benefit and the ex-post distortion. It solves a multidimensional screening problem in the...
Persistent link: https://www.econbiz.de/10009369357
defendants who have committed anti-trust violations more likely to settle than innocent defendants. We also show that for … antitrust enforcement and prove that it is better to increase damages that to reduce costs of initiating a suit. In particular …
Persistent link: https://www.econbiz.de/10008465368
Motivated by the higher price sensitivity and service homogenisation in the airline industry in recent years, we propose a new methodology to deal with transaction prices and to estimate the effect of alliances in the US domestic market. The assumption that airlines compete on price allows us to...
Persistent link: https://www.econbiz.de/10011160748
This paper identifies strategies to build a library consortium from a long term point of view. Contrary to the conventional wisdom to build a consortium around groups of homogenous institutions (Davis, 2002), we find that libraries with similar preferences are likely to lose from building a...
Persistent link: https://www.econbiz.de/10011004747
Electronic academic journal websites provide new services of text and/or data mining and linking, indispensable for efficient allocation of attention among abundant sources of scientific information. Fully realizing the benefit of these services requires interconnection among websites. Motivated...
Persistent link: https://www.econbiz.de/10008465334
We consider competition among sellers when each of them sells a portfolio of distinct products to a buyer having limited slots. We study how bundling affects competition for slots. Under independent pricing, equilibrium often does not exist and hence the outcome is often inefficient. When...
Persistent link: https://www.econbiz.de/10008465345
both efficiency under competition and cartel deterrence. Individual fines are thus more beneficial than corporate fines … losses may arise even when the industry remains competitive. Antitrust policy has a novel value, specifically thanks to …
Persistent link: https://www.econbiz.de/10008465351
In this paper we study, as in Jeon-Menicucci (2009), competition between sellers when each of them sells a portfolio of distinct products to a buyer having limited slots. This paper considers sequential pricing and complements our main paper (Jeon- Menicucci, 2009) that considers simultaneous...
Persistent link: https://www.econbiz.de/10008465391
We present a model where the Antitrust Authority is privately informed about the strength of the case against a given … cartel. In this context, the Antitrust Authority may obtain cartel members' confessions even when it opens an investigation … conviction rate, which in turn enhances cartel desistance and cartel deterrence. A second contribution of the paper is to show …
Persistent link: https://www.econbiz.de/10008643937