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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
limitations of the available data, and the potential implications of common ownership for competition in Australia. …
Persistent link: https://www.econbiz.de/10012507267
Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon … relationship is reasonably non-linear; (2) higher market-wide competition results in an increase in patenting, and the relationship …
Persistent link: https://www.econbiz.de/10011342391
We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system …
Persistent link: https://www.econbiz.de/10012438354
In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the alleged abuse of a joint dominant position by strategically withholding generation capacity. The case was settled after E.ON agreed to divest 5,000 MW generation capacity as well as...
Persistent link: https://www.econbiz.de/10011735927
Open borders imply systems competition. This paper studies the implications of systems competition for the national co …
Persistent link: https://www.econbiz.de/10009781687
Recent adoption of competition laws across the globe has highlighted the importance of institutional considerations for …
Persistent link: https://www.econbiz.de/10011384564
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
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
An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...
Persistent link: https://www.econbiz.de/10012421242