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An Econometric Analysis of the European Commission's Merger Decisions
Bergman, Mats A.; Jakobsson, Maria; Razo, Carlos - 2003
-merger collusion is easy. We do not find significant effects of political variables, such as the nationality of the merging firms or …
Persistent link: https://www.econbiz.de/10010321571
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Optimal corporate leniency programs
Harrington, Joseph E. - 2005
This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though … it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust … when amnesty is awarded, though it can be optimal to award amnesty even when the antitrust authority is very likely to win …
Persistent link: https://www.econbiz.de/10010293443
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Cartel pricing dynamics in the presence of an antitrust authority
Harrington, Joseph E. - 2002
Price-fixing is characterized when firms are concerned about creating suspicions that a cartel has formed. Antitrust … stability of the cartel. While antitrust laws can lower collusive prices, they can also raise them by making it easier for firms …
Persistent link: https://www.econbiz.de/10010293446
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Optimal cartel pricing in the presence of an antitrust authority
Harrington, Joseph E. - 2001
Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a cartel A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and then gradually lowers it An alternative...
Persistent link: https://www.econbiz.de/10010293483
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The economics of television and online video markets
Crawford, Gregory S. - 2015
Television is the dominant entertainment medium for hundreds of millions. This chapter surveys the economic forces that determine the production and consumption of this content. It presents recent trends in television and online video markets, both in the US and internationally, and describes...
Persistent link: https://www.econbiz.de/10011420564
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Rent sharing and gender discrimination in collegiate athletics
Lackner, Mario; Zulehner, Christine - 2013
In this paper, we analyze the effect of market power on the share of females in top management positions using data from a market in which some firms have market power due to an institutionalized cartel. We investigate collegiate athletics and interpret coaches as top-level managers or chief...
Persistent link: https://www.econbiz.de/10010368250
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Japanese Antitrust Law and the Competitive Mix
Dick, Andrew R. - 1992
Japanese antitrust law exempts a variety of vertical and horizontal restraints that are commonly regarded as anti … similarity in the level of "competition" in the two countries despite their very dissimilar antitrust environments. This paper … attempts to explain this apparent empirical paradox by adopting the hypothesis that antitrust alters foremost the relative mix …
Persistent link: https://www.econbiz.de/10013342351
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Production efficiency of firms with mergers and acquisitions in India
Saraswathy, Beena - 2015
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency gains and the likely effect on market power creation. However, the realities may be different from the expected synergy creation since merger regulations are ex ante in nature. The...
Persistent link: https://www.econbiz.de/10011807705
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Downstream investment in oligopoly
Buehler, Stefan; Schmutzler, Armin - 2003
We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or separated. Analyzing a standard linear Cournot model, we show that: (i) Integrated firms invest more than separated competitors. (ii) Vertical integration increases own investment...
Persistent link: https://www.econbiz.de/10010315492
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Asymmetric vertical integration
Buehler, Stefan; Schmutzler, Armin - 2004
We examine vertical backward integration in a reducedform model of successive oligopolies. Our key findings are: (i) There may be asymmetric equilibria where some firms integrate and others remain separated, even if firms are symmetric initially; (ii) Efficient firms are more likely to integrate...
Persistent link: https://www.econbiz.de/10010315532