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A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco - 2021
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012582031
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A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco A. - 2021
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10013236193
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Market Contestability and Bribe Solicitations: Evidence Across Stages of Firms' Operations
Goel, Rajeev K.; Mazhar, Ummad; Saunoris, James W. - 2018
Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in business operations on bribe solicitations. Contestability undermines bureaucratic rent-seeking potential and this paper tries to capture this empirically using cross-country...
Persistent link: https://www.econbiz.de/10011872038
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Weeding out the Dealers? The Economics of Cannabis Legalization
Auriol, Emmanuelle; Mesnard, Alice; Perrault, Tiffanie - 2020
We model consumer choices for cannabis in a risky environment and determine the supply of cannabis under prohibition and legalization. While introducing a legal market reduces the profits of illegal providers, it increases cannabis consumption. We show that this trade-off can be overcome by...
Persistent link: https://www.econbiz.de/10012425551
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek; Sokol, D. Daniel - 2015
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 …
Persistent link: https://www.econbiz.de/10011388208
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Private Enforcement, Corruption, and Antitrust Design
Grajzl, Peter; Baniak, Andrzej - 2015
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
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How Antitrust Enforcement Can Spur Innovation: Bell Labs and the 1956 Consent Decree
Watzinger, Martin; Fackler, Thomas A.; Nagler, Markus; … - 2017
antitrust lawsuit that charged Bell with having foreclosed the market for telecommunications equipment. The decree forced Bell …
Persistent link: https://www.econbiz.de/10011615906
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Merger Policy in Digital Markets: An Ex-Post Assessment
Argentesi, Elena; Buccirossi, Paolo; Calvano, Emilio; … - 2019
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...
Persistent link: https://www.econbiz.de/10012179784
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Gender and Collusion
Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022
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 reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10013177648
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The Sociology of Cartels
Haucap, Justus; Heldman, Christina - 2022
Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate for years or even decades. While the literature has presented several determinants of cartel stability, the vast majority focuses on firms as entities, even though cartels are...
Persistent link: https://www.econbiz.de/10013427700