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Leveraging Monopoly Power by Degrading Interoperability : Theory and Evidence from Computer Markets
Genakos, Christos - 2011
When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...
Persistent link: https://www.econbiz.de/10013122878
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Efficiency and Foreclosure Effects of Vertical Rebates : Empirical Evidence
Conlon, Christopher T. - 2013
Vertical rebates are prominently used across a wide range of industries. These con- tracts may induce greater retail effort, but may also prompt retailers to drop competing products. We study these offsetting efficiency and foreclosure effects empirically, using data from one retailer. Using a...
Persistent link: https://www.econbiz.de/10013071298
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Did the Reform Fix the London Fix Problem?
Ito, Takatoshi - 2017
that banks, by avoiding (even the appearance of) collusion, now incur the costs of executing customers' orders …
Persistent link: https://www.econbiz.de/10012958583
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Marketing Agencies and Collusive Bidding in Online Ad Auctions
Decarolis, Francesco - 2017
(used by Facebook). We find that, despite its well-known susceptibility to collusion, the VCG mechanism outperforms the GSP …
Persistent link: https://www.econbiz.de/10012944647
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Cementing Relationships : Vertical Integration, Foreclosure, Productivity, and Prices
Hortacsu, Ali - 2010
This paper empirically investigates the possible market power effects of vertical integration proposed in the theoretical literature on vertical foreclosure. It uses a rich data set of cement and ready-mixed concrete plants that spans several decades to perform a detailed case study. There is...
Persistent link: https://www.econbiz.de/10012760386
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Antitrust
Kaplow, Louis - 2010
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10012760415
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Pricing-to-Market in a Ricardian Model of International Trade
Atkeson, Andrew - 2010
We study the implications for international relative prices of a simple Ricardian model of international trade with imperfect competition and variable markups, providing a tractable account of firm-level and aggregate prices. We show that both trade costs and imperfect competition with variable...
Persistent link: https://www.econbiz.de/10012760428
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Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels
Knittel, Christopher R. - 2010
We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … that two types of price wars may exist. In one, collusion can involve periods of mixed strategy price wars. In the other …
Persistent link: https://www.econbiz.de/10012760596
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The Cost of Banking Regulation
Guiso, Luigi - 2010
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...
Persistent link: https://www.econbiz.de/10012760665
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Growth Policy, Agglomeration, and (the Lack of) Competition
Brooks, Wyatt - 2016
. Empirically, we validate the test using plants with common owners, and then test for collusion using data from Chinese …
Persistent link: https://www.econbiz.de/10012977273