Showing 1 - 10 of 56
divestitures on German wholesale electricity prices. Our identification strategy is based on the observation that energy suppliers …
Persistent link: https://www.econbiz.de/10012944881
-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties … imposed across the policy regimes. The more recent regimes are characterized by far fewer cartels prosecuted, but with … cartels to larger and multinational firms. In terms of political effects, our results reveal no clear inter-political party …
Persistent link: https://www.econbiz.de/10013012564
The analysis of horizontal mergers hinges on a tradeoff between unilateral effects and efficiency gains. The article examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities should be very cautious about random gains. Our...
Persistent link: https://www.econbiz.de/10012779951
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
cartels whereas only one of them would have been reported under the EC Leniency Program …
Persistent link: https://www.econbiz.de/10013317037
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a model with two firms that may be able to discriminate between two consumer groups. Two cases are analyzed: (i) Best-response symmetries so that profits in the static Nash...
Persistent link: https://www.econbiz.de/10012996205
Assortment decisions are key strategic instruments for firms responding to local market conditions. We assess this claim by studying the effect of a national merger between two large Dutch supermarket chains on prices and on the depth as well as composition of assortment. We adopt a...
Persistent link: https://www.econbiz.de/10012915612
The analysis of horizontal mergers hinges on a tradeoff between unilateral effects and efficiency gains. The article examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities should be very cautious about random gains. Our...
Persistent link: https://www.econbiz.de/10005416449
investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … cartels are actually prosecuted via this channel, the proposal has the likelihood of creating a meaningful deterrence effect … fight against hardcore cartels that operate within jurisdictions as well as internationally. …
Persistent link: https://www.econbiz.de/10009147742
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