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The major interest of antitrust law and economics with respect to predation strategies has been largely twofold. On the … incumbent facing an entry threat. On the other hand, research has focused on the problem of how an antitrust authority should …, compared to other areas of antitrust policy such as hard core cartel enforcement or merger control, surprisingly little …
Persistent link: https://www.econbiz.de/10014198371
. This development is documented by various research papers, high-level exchanges between antitrust experts as well as an … in Section D.) and the review of two recent antitrust cases (sketched in Section E.), this often turns out to be the key …
Persistent link: https://www.econbiz.de/10014198372
!'s search advertising business. Two of the deals have not raised antitrust concerns by competition authorities. I review these … better matches between users and search ads. However, this does not substitute an in-depth antitrust assessment of the deals …
Persistent link: https://www.econbiz.de/10014210630
The paper develops a four-step framework to detect anticompetitive horizontal mergers. In the first step, an estimate of the impact of the merger on the market price needs to be derived. Subsequent, the second step of the framework has to assess whether such a predicted price increase would be...
Persistent link: https://www.econbiz.de/10012719728
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the European Union (EU) from 2001 to 2015. In a first step, we present a detailed characterization of all cartel cases decided by the European Commission (EC) with respect to various...
Persistent link: https://www.econbiz.de/10012981750
We use a dataset of 615 firms which participated in 114 illegal cartels – convicted by the European Commission between 1999 and 2016 – to investigate the determinants of the duration of a firm's participation in a cartel. Applying a Weibull proportional hazard model with a particular focus...
Persistent link: https://www.econbiz.de/10012965629
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often fixed which may lead some growth-conscious members to be...
Persistent link: https://www.econbiz.de/10013044258
A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was imports from Eastern European cement manufacturers....
Persistent link: https://www.econbiz.de/10012994851
In electricity day-ahead markets organized as uniform price auction, a small reduction in supply in times of high demand can cause substantial increases in price. We use a unique data set of failures of generation capacity in the German-Austrian electricity market to investigate the relationship...
Persistent link: https://www.econbiz.de/10012995165
We study patterns of entry and exit in the German interurban bus industry in the first three years after its deregulation in January 2013. Using a comprehensive data set of all firm and route entries and exits, we find that the industry grew much quicker than originally expected – with...
Persistent link: https://www.econbiz.de/10012944883