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We study the enforcement of competition policy against collusion under Leniency Programs, which give reduced fines to … firms revealing information to the Antitrust Authority. Such programs give firms an incentive to break collusion, but may …
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This paper studies a model where exclusive dealing (ED) can both promote investment and foreclose a more efficient supplier. While investment promotion is usually regarded as a pro-competitive effect of ED, our paper shows that it may be the very reason why a contract that forecloses a more...
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