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Multi-Market Collusion with Demand Linkages and Antitrust Enforcement
Choi, Jay Pil - 2009
This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel stability and leads to the break-up of the cartel in the...
Persistent link: https://www.econbiz.de/10013160219
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek - 2015
, collusion …
Persistent link: https://www.econbiz.de/10013012564
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Global Cartels, Leniency Programs and International Antitrust Cooperation
Choi, Jay Pil - 2010
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical markets and face antitrust enforcement in different jurisdictions. We are concerned with the effectiveness of leniency programs and the benefits of international antitrust...
Persistent link: https://www.econbiz.de/10013144908
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Fighting Collusion by Permitting Price Discrimination
Helfrich, Magdalena - 2016
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …
Persistent link: https://www.econbiz.de/10012996205
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International Antitrust Enforcement and Multi-Market Contact
Choi, Jay Pil; Gerlach, Heiko - CESifo - 2009
antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected … by the existence of collusion in other markets when they are linked by demand relationships. The interdependence of … collusion sustainability across markets leads to potential externalities in antitrust enforcement across jurisdictions. As a …
Persistent link: https://www.econbiz.de/10005051554
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Vertical Foreign Direct Investment : Make, Sell and (Not) Buy
Milliou, Chrysovalantou - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10012977204
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Negative Intra-Group Externalities in Two-Sided Markets
Belleflamme, Paul; Toulemonde, Eric - CESifo - 2007
Two types of agents interact on a pre-existing free platform. Agents value positively the presence of agents of the other type but may value negatively the presence of agents of their own type. We ask whether a new platform can find fees and subsidies so as to divert agents from the existing...
Persistent link: https://www.econbiz.de/10005405902
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina - 2018
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs …
Persistent link: https://www.econbiz.de/10012926563
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Advertising Competition in the Free-to-Air TV Broadcasting Industry
Ivaldi, Marc - 2017
This paper empirically investigates the advertising competition in the French broadcast television industry within a two-sided market framework. We use a unique dataset on the French broadcast television market including audience, prices, and quantities of advertising of twenty-one TV channels...
Persistent link: https://www.econbiz.de/10012955187
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Oligopoly, Macroeconomic Performance, and Competition Policy
Azar, José - 2018
We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...
Persistent link: https://www.econbiz.de/10012908792