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On the Profitability of Cross-Ownership in Cournot Oligopolies: Stock Sizes Matter

Benchekroun, Hassan; Dai, Miao; Long, Ngo Van - 2020

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an equal silent financial interest in the other firms,...

Persistent link: https://www.econbiz.de/10012269573

Competition and Innovation in Automobile Markets

Ghosal, Vivek; Ni, Jiayao - 2015

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market’s economic importance, market dynamics, and the significant...

Persistent link: https://www.econbiz.de/10011388173

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

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

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

Competition and stability in banking

Vives, Xavier - 2010

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

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

Use and Abuse of Antidumping by Global Cartels

Gnutzmann-Mkrtchyan, Arevik; Hoffstadt, Martin - 2020

Antidumping creates opportunities for abuse to stifle market competition. Whether cartels actually abuse trade policy for anticompetitive purposes remains an open question in the literature. To address this gap, we construct a novel dataset that matches cartel investigations with trade data at...

Persistent link: https://www.econbiz.de/10012425635

Gender and Collusion

Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022

the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments …

Persistent link: https://www.econbiz.de/10013177648

Concentration and Competition: Evidence from Europe and Implications for Policy

Koltay, Gábor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022

The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...

Persistent link: https://www.econbiz.de/10013266605