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Privacy, Time Consistent Optimal Labour Income Taxation and Education Policy

Konrad, Kai A. - C.E.P.R. Discussion Papers - 1999

income taxation privacy reduces welfare losses and increases the effectiveness of public education as a second best policy. …

Persistent link: https://www.econbiz.de/10005789169

Does Europe have an innovation policy? The case of EU economic law

Battaglia, Lauren; Larouche, Pierre; Negrinotti, Matteo - C.E.P.R. Discussion Papers - 2011

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

The Deterrence Effects of U.S. Merger Policy Instruments

Clougherty, Joseph A.; Seldeslachts, Jo - C.E.P.R. Discussion Papers - 2011

conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …

Persistent link: https://www.econbiz.de/10009225959

Buying to Sell: Private Equity Buyouts and Industrial Restructuring

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim Ingemar - C.E.P.R. Discussion Papers - 2012

. Evaluating optimal antitrust policy, we point out that an active private equity market can aid antitrust authorities by …

Persistent link: https://www.econbiz.de/10011083585

Optimal Leniency Programs when Firms Have Cumulative and Asymmetric Evidence

Blatter, Marc; Emons, Winand; Sticher, Silvio - C.E.P.R. Discussion Papers - 2014

An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …

Persistent link: https://www.econbiz.de/10011083745

Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy

Mermelstein, Ben; Nocke, Volker; Satterthwaite, Mark; … - C.E.P.R. Discussion Papers - 2014

computationally, allows firms to invest or propose mergers according to the relative profitability of these strategies. An antitrust … authority is able to block mergers at some cost. We examine the optimal policy when the antitrust authority can commit to a … antitrust authority. We find that optimal policy can differ substantially from what would be best considering only welfare in …

Persistent link: https://www.econbiz.de/10011084004

Anatomy of Cartel Contracts

Hyytinen, Ari; Steen, Frode; Toivanen, Otto - C.E.P.R. Discussion Papers - 2013

We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels. One third of the clauses relate to raising profits; the others deal with instability through incentive compatibility, cartel organization, or external threats. Cartels use three main...

Persistent link: https://www.econbiz.de/10011084010

Measuring Unilateral Effects in Partial Acquisitions

Brito, Duarte; Ribeiro, Ricardo; Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2013

Recent years have witnessed an increased interest, by competition agencies, in assessing the competitive effects of partial acquisitions. We propose an empirical structural methodology to examine quantitatively the unilateral impact of partial acquisitions involving pure financial interests...

Persistent link: https://www.econbiz.de/10011084091

The Distortive Effects of Antitrust Fines Based on Revenue

Bageri, Vasiliki; Katsoulacos, Yannis; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2013

In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some …

Persistent link: https://www.econbiz.de/10011084408

Quantifying the Coordinated Effects of Partial Horizontal Acquisitions

Brito, Duarte; Ribeiro, Ricardo; Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2013

The growth of private-equity investment strategies in which firms often hold partial ownership interests in competing firms has led competition agencies to take an increased interest in assessing the competitive effects of partial horizontal acquisitions. We propose a methodology to evaluate the...

Persistent link: https://www.econbiz.de/10011084532