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Democracy, Technology, and Growth
Aghion, Philippe - 2010
We explore the question of how political institutions and particularly democracy affect economic growth. Although … empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that … democracy influences productivity growth in different sectors differently and that this differential effect may be one of the …
Persistent link: https://www.econbiz.de/10012760042
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The Antitrust Analysis of Multi-Sided Platform Businesses
Evans, David S. - 2013
This Chapter provides a survey of the economics literature on multi-sided platforms with particular focus on competition policy issues, including market definition, mergers, monopolization, and coordinated behavior. It provides a survey of the general industrial organization theory of...
Persistent link: https://www.econbiz.de/10013087056
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Antitrust and Regulation
Carlton, Dennis W. - 2007
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests, but specified prices and rules of mandatory dealing....
Persistent link: https://www.econbiz.de/10012777652
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Political Discretion and Antitrust Policy : Evidence from the Assassination of President Mckinley
Baker, Richard B. - 2018
We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden accession of Theodore Roosevelt to the presidency. During McKinley's term in office the largest wave of merger activity in American history occurred, and his administration did...
Persistent link: https://www.econbiz.de/10012908167
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Why We Need to Measure the Effect of Merger Policy and How to Do it
Carlton, Dennis W. - 2010
In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust policy towards mergers. I then discuss the types of data that one must collect in order to be able to perform an analysis of the effectiveness of antitrust policy. There are two...
Persistent link: https://www.econbiz.de/10012757872
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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 area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10012760415
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Antitrust and Innovation : Welcoming and Protecting Disruption
Federico, Giulio - 2019
The goal of antitrust policy is to protect and promote a vigorous competitive process. Effective rivalry spurs firms to introduce new and innovative products, as they seek to capture profitable sales from their competitors and to protect their existing sales from future challengers. In this...
Persistent link: https://www.econbiz.de/10012867456
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A Study of Exclusionary Coalitions : The Canadian Sugar Coalition, 1888–1889
Asker, John - 2019
In this paper we examine exclusion accomplished by a coalition of firms—frequently, a coalition of suppliers and customers—that share the benefits of exclusion. As a particular historical example, we study the Canadian sugar industry of the 1880s, which was controlled by a complex coalition...
Persistent link: https://www.econbiz.de/10012870053
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Antitrust and Competition in Health Care Markets
Gaynor, Martin; Vogt, William B. - 2021
In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a brief review of antitrust legislation. We then discuss whether and how health care is different from other industries in ways that might affect the optimality of competition. The...
Persistent link: https://www.econbiz.de/10013224318
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Sunk Costs and Real Options in Antitrust
Pindyck, Robert S. - 2021
Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of...
Persistent link: https://www.econbiz.de/10013237049