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This Paper shows that predation might help firms overcome the free riding problem of mergers by changing the … predators prefer predation technologies that destroy the prey's assets since they limit the negative effects of the subsequent … increase the incentives for predation by helping predators avoid the bidding competition. Moreover, the incentive for predation …
Persistent link: https://www.econbiz.de/10005661959
law enforcement. …
Persistent link: https://www.econbiz.de/10004976790
This paper is the first of a larger project aimed at exploring, among other things, whether Europe has a consistent innovation policy in the context of EU economic law (competition policy, intellectual property law, sector regulation). As such, its primary aim is to present our approach for...
Persistent link: https://www.econbiz.de/10009205060
This paper presents results from a laboratory experiment on the channels through which different law enforcement …
Persistent link: https://www.econbiz.de/10011084601
that economics alone does not justify applying a price-cost test to predation but not to loyalty discounts. Still, the …
Persistent link: https://www.econbiz.de/10011262886
This Paper considers the 'failing firm defence'. Under this principle, found in most antitrust jurisdictions, a merger that would otherwise be blocked due to its adverse effect on competition is permitted when the firm to be acquired is a failing firm, and an alternative, less detrimental merger...
Persistent link: https://www.econbiz.de/10005791899
The paper revisits the conventional wisdom according to which vertical restrictions on retail prices help upstream firms to collude. We analyse the scope for collusion with and without resale price maintenance (RPM) when retailers observe local shocks on demand or retail costs. In the absence of...
Persistent link: https://www.econbiz.de/10005792032
Theories of bundling have had great importance in European competition policy in recent merger control and abuse of dominance cases. Prominent examples include GE/Honeywell, Tetra Laval/Sidel and the recent Microsoft decision. The European Commission has been heavily criticized in all of those...
Persistent link: https://www.econbiz.de/10005123890
regulation or extended liability. Criminal sanctions, in the form of imprisonment, certainly bring benefits (and costs) in terms …
Persistent link: https://www.econbiz.de/10005136460
The Sotheby’s/Christie’s price-fixing scandal that ended in the public trial of Alfred Taubman provides a unique window on a number of key economic and antitrust policy issues related to the use of the auction system. The trial provided detailed evidence as to how the price fixing worked,...
Persistent link: https://www.econbiz.de/10005067602