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We revisit the pros and cons of cartel criminalization with focus on its possible introduction in the EU. We document a … sometimes all members of a cartel. We argue that, coupled with the non-disclosure of leniency statements and the insufficient … cartel convictions. Together with evidence on the current level of fines, this points at the need to introduce …
Persistent link: https://www.econbiz.de/10013221273
Leniency Programs. Damage actions may reduce the attractiveness of Leniency Programs for cartel participants if their … cooperation with the competition authority increases the chance that the cartel’s victims will bring a successful suit. A long … analysis shows such compromise is not required: limiting the cartel victims’ ability to recover their loss is not necessary to …
Persistent link: https://www.econbiz.de/10014137919
Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known result of tax incidence is that consumers of a more heavily taxed good pay a higher...
Persistent link: https://www.econbiz.de/10003948351
Persistent link: https://www.econbiz.de/10008826990
Newspapers are two-sided platforms that sell their product both to readers and advertisers. Media firms in general, and newspapers in particular, are considered important providers of information, culture and language in most countries. Newspapers are therefore given preferential tax treatment....
Persistent link: https://www.econbiz.de/10012777828
Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known textbook result in one-sided markets is that a government may increase a...
Persistent link: https://www.econbiz.de/10013317276
Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known result of tax incidence is that consumers of a more heavily taxed good pay a higher...
Persistent link: https://www.econbiz.de/10014197828
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...
Persistent link: https://www.econbiz.de/10009635892
We model networks of relational (or implicit)contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model, relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10010281282
Empirical evidence suggests that people dislike ads in media products like TV programs. In such situations standard economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of recent advances in the theory of Industrial...
Persistent link: https://www.econbiz.de/10003820002