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constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little …
Persistent link: https://www.econbiz.de/10014290080
preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing …-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties …
Persistent link: https://www.econbiz.de/10011388208
Antidumping creates opportunities for abuse to stifle market competition. Whether cartels actually abuse trade policy …
Persistent link: https://www.econbiz.de/10012425635
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a …
Persistent link: https://www.econbiz.de/10013177648
Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate … focuses on firms as entities, even though cartels are typically formed between individuals who need to develop structures that … allow them to establish trust and ensure cooperation. We analyze 15 German cartels, focusing on the individual participants …
Persistent link: https://www.econbiz.de/10013427700
We study the dual relationship between market structure and prices and between market structure and investment in mobile telecommunications. Using a uniquely constructed panel of mobile operators’ prices and accounting information across 33 OECD countries between 2002 and 2014, we document...
Persistent link: https://www.econbiz.de/10011698676
investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … could be jeopardized if the firms were engaging in collusion, as the likelihood of detection and prosecution would increase … cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect …
Persistent link: https://www.econbiz.de/10010277361
antitrust effectiveness and the need for comparative institutional analyses of antitrust that extend beyond matters of … precluding private antitrust enforcement as one salient choice in antitrust design depends on whether antitrust enforcement is … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of …
Persistent link: https://www.econbiz.de/10011388273
antitrust lawsuit that charged Bell with having foreclosed the market for telecommunications equipment. The decree forced Bell …
Persistent link: https://www.econbiz.de/10011615906
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10010270643