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Credit card transactions cost American merchants six times as much as cash transactions. Why, then, do consumers pay the same price for purchases, regardless of the means of payment?The answer lies in a set of credit card network rules known as merchant restraints. Merchant restraints forbid...
Persistent link: https://www.econbiz.de/10009466414
The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the U.S. over the period 1972-1991. Two fundamental assumptions of the analysis are,...
Persistent link: https://www.econbiz.de/10009436142
The purpose of this publication is not to assess the causes of the 1973 energy crisis or the measures that were adopted to resolve it. The intent is to present some data on which such analyses can be based. Many of the trends presented here fall into two distinct periods. From 1973 to the...
Persistent link: https://www.econbiz.de/10009436700
Cartels are agreements or concerted practices between two or more competitors aimed at coordinating their competitive … practices are among the most serious violations of Article 81 EC. The amount of international cartels is constantly growing. The … members of cartels create sophisticated schemes, hold meetings in hotels and use pre-paid phone – cards. All these facts makes …
Persistent link: https://www.econbiz.de/10009479069
Persistent link: https://www.econbiz.de/10009480522
The new Australian cartel laws prohibit a provision of a contract, arrangement or understanding that inter alia, results in price fixing and output restriction between competitors in the relevant market. This is subject to a recognition that sometimes such conduct can be in the public interest,...
Persistent link: https://www.econbiz.de/10009483950
power of intermediaries increases with the advent of new and powerful actors, (b) process activities that cartels previously … constraints, no longer favour cartels like De Beers, and (e) over time, these and additional environment factors are forcing … actors like De Beers who perform rigid process activities to become more flexible. For example,forces are moving cartels …
Persistent link: https://www.econbiz.de/10009484128
In verteilten Rechensystemen (bspw. im Cluster und Grid Computing) kann eine Knappheit der zur Verfügung stehenden Ressourcen auftreten. Hier haben Marktmechanismen das Potenzial, Ressourcenbedarf und -angebot durch geeignete Anreizmechanismen zu koordinieren und somit die ökonomische...
Persistent link: https://www.econbiz.de/10009434657
Several major websites offer hybrid auctions that allow advertisers tobid on a per-impression or a per-click basis. We … auctions, and (c) should consider advertisers'strategic incentives when forming click-through rate expectations inhybrid …
Persistent link: https://www.econbiz.de/10009435135
auctions. In this paper we examine this tradeoff between the auctioneers’ desire to expand their customer base and the bidders …
Persistent link: https://www.econbiz.de/10009441154