Showing 1 - 10 of 102
recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to … private damages. The cartel can achieve this by rationing inputs at low prices. Several U.S. antitrust cases show symptoms of …
Persistent link: https://www.econbiz.de/10011343268
We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral …
Persistent link: https://www.econbiz.de/10011348345
We extend the models in ("Competition in two-sided markets" of Armstrong (2006, Rand Journal of Economics) by adding within-group externalities. In the monopoly and duopoly cases, positive within-group externalities reduce the price of the own group. Negative externalities have an opposite price...
Persistent link: https://www.econbiz.de/10011295713
This paper develops a model of the birth and death of cartels in the presence of enforcement activities by a Competition Authority (CA). We distinguish three sets of interventions: (a) detecting, prosecuting and penalizing cartels; (b) actions that aim to stop cartel activity in the short-term,...
Persistent link: https://www.econbiz.de/10011431514
In Katsoulacos et al. (2015) we examined the welfare properties of a number of monetary penalty regimes for tackling cartels, including revenue-based penalties, the most widely used regime. We showed that for a typical industry overcharge-based penalties welfare-dominate the others. However...
Persistent link: https://www.econbiz.de/10011772887
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the …
Persistent link: https://www.econbiz.de/10011380471
We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to … detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy … challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
Persistent link: https://www.econbiz.de/10010224778
Persistent link: https://www.econbiz.de/10010191414
In this paper we investigate whether markets with heterogeneous network externalities can belocked-in by old technologies even if superior technologies are available. Heterogeneous networkexternalities are present when some consumers care more about the size of the market share of agood than...
Persistent link: https://www.econbiz.de/10011304401
Persistent link: https://www.econbiz.de/10000151670