Showing 1 - 10 of 2,972
This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for … predation in an oligopoly is limited by the subsequent competition for the prey. This bidding competition is expecially fierce … prey's assets, rather than just its financial viability. The paper also demonstrates that predation may be preferred to an …
Persistent link: https://www.econbiz.de/10005645374
This Paper shows that predation might help firms overcome the free riding problem of mergers by changing the … predators prefer predation technologies that destroy the prey's assets since they limit the negative effects of the subsequent … increase the incentives for predation by helping predators avoid the bidding competition. Moreover, the incentive for predation …
Persistent link: https://www.econbiz.de/10005661959
This paper deals with the enforcement of merger policy, and aims to study how merger emedies affect the deterrence …
Persistent link: https://www.econbiz.de/10010765658
This paper deals with the enforcement of merger policy, and aims to identify situations where the introduction of …
Persistent link: https://www.econbiz.de/10010992404
The paper reports on results from a public survey on attitudes to collusion and cartel enforcement in Britain … programmes are justifiable. Respondents consider public enforcement to be more important than compensating parties injured by …
Persistent link: https://www.econbiz.de/10005001432
selected enforcement options in a Cournot-type duopoly predation model. Differentiating between a no rule approach, an ex ante …The paper characterises the building blocks of a framework to enforce anti-predation rules and subsequently evaluates …
Persistent link: https://www.econbiz.de/10010987729
This paper looks at competition in the Telecommunications industry with non-linear tariffs and network based price discrimination. Allowing for asymmetric networks and non-cooperatively chosen access prices simultaneously allows to explicitly derive non-reciprocal equilibrium access price...
Persistent link: https://www.econbiz.de/10005837311
This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an oligopoly model with an "endogenous valuations" auction model. Thereby, I take into account that, in an oligopoly, a firm's willingness to pay for the assets depends on the...
Persistent link: https://www.econbiz.de/10005419522
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10011256040
enforcement, leniency, and cartel strategies on the maximal cartel price. Ex-ante leniency cannot reduce the maximal cartel price …
Persistent link: https://www.econbiz.de/10011256899