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Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel,...
Persistent link: https://www.econbiz.de/10010194468
We analyze the effects of downstream firms’ acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals’ sales. Double marginalization is enhanced....
Persistent link: https://www.econbiz.de/10009512802
Germany, we provide empirical evidence in support of this result. Controlling for other potentially confounding factors, such …
Persistent link: https://www.econbiz.de/10011724001
Germany, we provide empirical evidence in support of this result. Controlling for other potentially confounding factors, such …
Persistent link: https://www.econbiz.de/10011778632