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Recent adoption of competition laws across the globe has highlighted the importance of institutional considerations for antitrust effectiveness and the need for comparative institutional analyses of antitrust that extend beyond matters of substantive law. Contributing to the resulting nascent...
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To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from the fine. We analyze the effectiveness of this policy. Such a rebate does not encourage settlement negotiations that would otherwise not occur. If, however, the parties settle...
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In this paper, I attempt to provide a comprehensive demonstration that, contrary to popular opinion, there is nothing inherent in defense that makes it belong to the category of common goods, thus indicating that its effective provision does not require the existence of a territorial monopoly of...
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policy, and (iii) privatization policy of policymakers. First, under the subgame perfect Nash equilibrium, sequential mergers … larger as the market is more privatized. Second, policymakers can halt privatization, diminishing the private incentive for … insurance industry and the partial privatization of Japan Posting Insurance …
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