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Exclusionary Vertical Restraints and Antitrust: Experimental Law and Economics Contributions
Landeo, Claudia M. - Department of Economics, University of Alberta - 2012
Vertical restraints have been subject of lively policy and academic discussions. Scholars associated with the Chicago School challenged early foreclosure doctrines by arguing that vertical restraints primarily reflected efficiency considerations. More recently, industrial organization economists...
Persistent link: https://www.econbiz.de/10011266407
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Naked Exclusion: An Experimental Study of Contracts with Externalities
Landeo, Claudia M.; Spier, Kathryn E. - Volkswirtschaftliche Fakultät, … - 2007
contracts with the incumbent. When discrimination is impossible, the game resembles a stag-hunt (coordination) game in which the … induces more generous contract terms from the seller. When discrimination and communication are possible, the exclusion rate …
Persistent link: https://www.econbiz.de/10005835746
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Faut-il ou non interdire la discrimination ?
Caprice, S. - Département d'Économie et Sociologie Rurales, … - 2001
In this paper, we explain the ambiguous impact of a rule of non-discrimination on the relationships between … or more commonly the presence of alternate sources of supply. We show that a rule of non-discrimination effectively … relations entre producteurs et distributeurs qu'une règle de non-discrimination exerce des effets opposés sur la formation et le …
Persistent link: https://www.econbiz.de/10005612433
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The Bankruptcy Wildcard in Cartel Cases
Stephan, Andreas - 2009
Where fines are the only available sanction against cartels there is a trade-off between increased deterrence and the increased risk of insolvency. Higher fines are unacceptable to the European Commission because of the costs and uncertainties associated with bankruptcy. These concerns have led...
Persistent link: https://www.econbiz.de/10012721582
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Acquisitions By Partially Privatized Firms : The Case of Deutsche Telekom and Voicestream
Sidak, J. Gregory - 2009
A recent phenomenon in competition policy is the acquisition of a private firm by an enterprise that is either wholly owned by government or in the midst of privatization. Such an acquisition poses the question of how public ownership may alter the incentives of a firm to engage in...
Persistent link: https://www.econbiz.de/10012722148
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The Overlooked Corporate Finance Problems of a Microsoft Breakup
Bebchuk, Lucian A. - 2009
The paper identifies problems with the ordered breakup of Microsoft that seem to have been completely overlooked by the government, the judge, and the commentators. The breakup order prohibits Bill Gates and other large Microsoft shareholders from owning shares in both of the companies that...
Persistent link: https://www.econbiz.de/10012722164
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Progress and Uncertainty : The Development and Implementation of a Unified Competition Regime in the People's Republic of China
Cramer, Nicholas H. - 2008
China's new Anti-Monopoly Law (AML), over two decades in the making, was finally enacted on August 30, 2007 and on August 1, 2008 will replace the disparate and ineffective competition regime currently in place. Legislators invited the input of a wide array of domestic and foreign legal experts...
Persistent link: https://www.econbiz.de/10012723643
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Merger Simulation in Competition Policy : A Survey
Budzinski, Oliver - 2008
Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument...
Persistent link: https://www.econbiz.de/10012724237
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Henry Manne : Intellectual Entrepreneur
Ribstein, Larry E. - 2008
This Chapter in the book Pioneers of Law and Economics discusses the remarkable career of Henry Manne. Writing when there was a theory vacuum in legal academia, Manne breathed life into corporate law by using economic principles to formulate a sweeping new theory of the corporation. Then he took...
Persistent link: https://www.econbiz.de/10012725472
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The Value of Private Banks in Corporate Governance : Evidence from the Armstrong Investigation
Cantillo, Miguel - 2008
The paper studies the market reaction to the withdrawal of a prominent private bank - Kuhn Loeb - from the board of several firms. The event study shows that although Kuhn Loeb added significant value to the firms where it had a board seat, most of this value came from reduced industry...
Persistent link: https://www.econbiz.de/10012726158