Narrow search
Showing 1 - 10 of 2,390
Cover Image
Antitrust in open economies
Francois, Joseph F.; Horn, Henrik - 2006
We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral (cooperative) determination of competition policy, exploring the properties of the policy equilibrium. It is not imperfect competition, but variation in competitive stance between...
Persistent link: https://www.econbiz.de/10011348345
Cover Image
Quantifying the scope for efficiency defense in merger control : the Werden-Froeb-Index
Goppelsroeder, Marie; Schinkel, Maarten-Pieter; … - 2006
This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal … mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices … and quantities after the (full or partial) merger is consummated. The WFI is well defined, objective and robust, and it …
Persistent link: https://www.econbiz.de/10011349182
Cover Image
Event studies in merger analysis : review and an application using U.S. TNIC data
Klein, Timo - 2020 - Revision: March 2020
There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …
Persistent link: https://www.econbiz.de/10012161053
Cover Image
What clients want : choices between lawyers' offerings
Felso, Flora; Onderstal, Sander; Seldeslachts, Jo - 2014
We analyze a client's choice of contract in auctions where Dutch law firms compete for routine cases. The distinguishing feature here is that lawyers may submit bids with any fee arrangement they prefer: an hourly rate, a fixed fee or a mixed fee, which is a time-capped fixed fee plus an hourly...
Persistent link: https://www.econbiz.de/10010240049
Cover Image
Quantifying the scope for efficiency defense in merger control : the Werden-Froeb-Index
Goppelsroeder, Marie; Schinkel, Maarten-Pieter; … - 2006
Persistent link: https://www.econbiz.de/10003382988
Cover Image
Competition policy in an open economy
Francois, Joseph F.; Horn, Henrik - 1998 - Rev.
We examine the setting of national competition policy in a two-country setting,emphasizing the relationship of trade to the goals of competition policy (suchas the degree and nature of competition). The issues we address involve thegeneral equilibrium distributional effects of competition...
Persistent link: https://www.econbiz.de/10011299975
Cover Image
From overt to tacit collusion : experimental evidence on the adverse effects of corporate leniency programs
Hinloopen, Jeroen; Soetevent, Adriaan R. - 2008
Persistent link: https://www.econbiz.de/10003739000
Cover Image
Simultaneous pooled auctions with multiple bids and preference lists
Janssen, Maarten C. W.; Karamychev, Vladimir A.; … - 2008
Persistent link: https://www.econbiz.de/10003705984
Cover Image
Shallow lake economics run deep : nonlinear aspects of an economic-ecological interest conflict
Wagener, Florian Oskar Ottokar - 2011
Outcomes of the shallow lake interest conflict are presented in a number of different contexts: quasi-static and dynamic social planning, and quasi-static one-shot and repeated non-cooperative play. As the underlying dynamics are non-convex, the analysis uses geometrical-numerical methods: the...
Persistent link: https://www.econbiz.de/10011378127
Cover Image
Maximin play in two-person bimatrix games
Pruzhansky, Vitaly - 2003
Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
Persistent link: https://www.econbiz.de/10011334334