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We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors' deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...
Persistent link: https://www.econbiz.de/10005828868
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/10005049968
examples and explore its antitrust implications. …
Persistent link: https://www.econbiz.de/10005714129
This paper reports the results of an experiment designed to assess the ability of an incumbent seller to profitably foreclose a market with exclusive contracts. We use the strategic environment described by Rasmusen, Ramseyer, and Wiley (1991) and Segal and Whinston (2000) where entry is...
Persistent link: https://www.econbiz.de/10005777709
For over a century, courts and commentators have struggled to find principles that reconcile patent and antitrust law …
Persistent link: https://www.econbiz.de/10005108422
An upstream manufacturer can use minimum retail price maintenance (RPM) to exclude potential competitors. RPM lets the incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down- stream competition and the breakdown of RPM. Hence,...
Persistent link: https://www.econbiz.de/10008756460
In The Antitrust Paradox, Robert Bork viewed most mergers as either competitively neutral or efficiency enhancing. In … The Antitrust Paradox. Many of Bork's recommendations have been implemented over time and have improved merger analysis …
Persistent link: https://www.econbiz.de/10010950952
In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust … the effectiveness of antitrust policy. There are two types of data one requires in order to perform such an analysis. One … with the first type that a reliable analysis of antitrust policy can be carried out. There is a need both to collect the …
Persistent link: https://www.econbiz.de/10005774825
on a number of key economic and antitrust policy issues related to the use of the auction system. The trial provided …
Persistent link: https://www.econbiz.de/10005034355
Political competitiveness - which many interpret as the degree of democracy - can be modeled as a monopolistic competition. All regimes are constrained by the threat of "entry," and thereby seek some combination of popular support and political entry barriers. This simple model predicts that...
Persistent link: https://www.econbiz.de/10005248710