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Information exchange in retail markets with uncertainty about downstream costs

Herold, Daniel - 2017

An information exchange between two producers selling independent products to the same retailer can have ambiguous effects on market efficiency and surplus. When a retailer's costs are unobservable the producers may have an incentive to communicate about their negotiations with that retailer. If...

Persistent link: https://www.econbiz.de/10011773481

How to deal with resale price maintenance: what can we learn from empirical results?

Kretschmer, Jürgen-Peter - 2011

The US Supreme Court's overruling of the pre-existing per se illegality of resale price maintenance and the recommendation of a rule of reason approach in the Leegin decision (2007), raise the question whether other jurisdictions should follow this approach and what future assessments of resale...

Persistent link: https://www.econbiz.de/10008936417

The impact of the agency model on e-book prices : evidence from the UK

Gail, Maximilian Maurice; Klotz, Phil-Adrian - 2021

This paper empirically analyzes the effect of the widely used agency model on the retail prices of e-books in United Kingdom. Using a unique cross-sectional data set of e-book prices for a large sample of book titles across all major publishing houses, we exploit cross-genre and cross-publisher...

Persistent link: https://www.econbiz.de/10012543413

Wholesale pricing with incomplete information about private label products

Paha, Johannes - 2017

This article provides a theoretical model analyzing wholesale pricing tariffs set by a monopolistic manufacturer for its branded product that is sold to final customers by a monopolistic retailer. The bargaining power of the downstream retailer is strengthened by offering also a vertically...

Persistent link: https://www.econbiz.de/10011720892

Lower sanctions, greater antitrust compliance? : cartel conduct with imperfect information about enforcement risk

Paha, Johannes - 2014

This article provides a model of two risk-neutral firms that may cooperate to achieve a goal that is potentially illegal. The model assumes enforcement risk and firms that are imperfectly informed about antitrust law enforcement. It is shown that compliance training, which educates the agents...

Persistent link: https://www.econbiz.de/10010439221

The law and economics of list price collusion

Boshoff, Willem; Paha, Johannes - 2017

Firms sometimes violate competition laws by agreeing on increases of list prices. The economic effects of such list price collusion are far from clear because the cartel firms might deviate secretly from the elevated prices by granting their customers discounts. This article presents case...

Persistent link: https://www.econbiz.de/10011758369

Competition, innovation, and competition law : dissecting the interplay

Kerber, Wolfgang - 2017 - version: 6/10/2017

The digital revolution has reinvigorated the discussion about the problem how to consider innovation in the application of competition law. This raises difficult questions about the relationship between competition and innovation as well as what kind of assessment concepts competition...

Persistent link: https://www.econbiz.de/10011758381

Shopping hours and entry - an empirical anlysis of Aldi's opening hours

De Haas, Samuel; Herold, Daniel; Schäfer, Jan T. - 2017

Aldi, the biggest discounter in Germany, started to systematically extend shopping hours of its stores in 2016. We interpret the decision to extend opening hours of a specific Aldi store as entry into a new market. By using a novel data set containing the opening hours of nearly all German...

Persistent link: https://www.econbiz.de/10011773473

Horizontal mergers, involuntary unemployment, and welfare

Budzinski, Oliver; Kretschmer, Jürgen-Peter - 2009

Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect … horizontal mergers are substantially decreased, if involuntary unemployment exists. However, in full employment economies, demand …-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …

Persistent link: https://www.econbiz.de/10003849829

The impact of persistent shocks and concave objective functions on collusive behavior

Paha, Johannes - 2013

The model proposed in this paper explains three stylized facts derived from case evidence: Cartel formation is more likely (i) when the industry has been hit by a negative profitability shock under the condition that (ii) this shock is rather persistent. (iii) This pattern is independent from...

Persistent link: https://www.econbiz.de/10009746940