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Antidumping creates opportunities for abuse to stifle market competition. Whether cartels actually abuse trade policy … that matches cartel investigations with trade data at the product level. We then estimate the world import price and … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The …
Persistent link: https://www.econbiz.de/10012373130
many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market …
Persistent link: https://www.econbiz.de/10012421242
Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate … in breaking up cartels. Based on these results we discuss implications for competition policy and further research. …
Persistent link: https://www.econbiz.de/10013362394
limitations of the available data, and the potential implications of common ownership for competition in Australia. …
Persistent link: https://www.econbiz.de/10012507267
competition policy is likely to face more challenges as large companies are becoming more common in more and more industries. …
Persistent link: https://www.econbiz.de/10013166348
Open borders imply systems competition. This paper studies the implications of systems competition for the national co …
Persistent link: https://www.econbiz.de/10009781687
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/10012938866
The question of whether and how partial common-ownership links between strategically interacting firms affect firm behavior has been the subject of theoretical inquiry for decades. Since then, consolidation and increasing concentration in the asset-management industry has led to more pronounced...
Persistent link: https://www.econbiz.de/10011800078
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/10011891742
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period...
Persistent link: https://www.econbiz.de/10011346282