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This article examines optimal policy toward coordinated oligopolistic price elevation. First, it analyzes the social welfare implications of enforcement, elaborating the value of deterrence and the nature of possible chilling effects. Then, it explores a variety of means of detection, with...
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reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …
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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
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Recoupment inquiries play an important role in predatory pricing cases. Nevertheless, their place in antitrust analysis … inserted in sequential assessments of alleged predatory pricing when all of the steps are intertwined with the others … questions by examining the underlying purposes of recoupment assessments and predatory pricing inquiries more broadly. As will …
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conflict with the teachings of oligopoly theory that supposedly underlie modern competition policy. Competition Policy and …
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