less educated consumers with lower savings are most affected. Our findings highlight the important role of competition …

agreements and study the effect that the introduction of an LP has on horizontal MS acquisitions. Using data from 63 countries … over the period 1990-2013, we find a large increase in horizontal MS acquisitions in the year in which an LP is introduced … levels of corruption and only when the acquisitions involve stakes of 10%-20%. These results suggest that MS acquisitions may …

competition at the industry level of OECD countries. An instrumental variable approach, reveals a positive e ffect on industries …' competition intensity of leniency programs indicating e ffectiveness in cartel destabilization and eff ective deterrence …

We study competition in markets with transport costs and capacity constraints. We compare the outcomes of price … competition and coordination in a theoretical model and find that when firms compete, they more often serve more distant customers … cartel breakdown to identify the effect of competition on transport distances. Our econometric analyses confirm the …

We study competition in the German interurban bus industry two years after its liberalization in January 2013. In … of market power by incumbents – and derive several recommendations to secure effective competition in the industry …

implications for the balancing of competition and cooperation in transatlantic airline markets …