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Economics
Persistent link: https://www.econbiz.de/10009432017
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
Information systems and the Internet have facilitated the creation ofused-product markets that feature a dramatically wider selection, lowersearch costs, and lower prices than their brick-and-mortar counterpartsdo. The increased viability of these used-product markets has causedconcern among...
Persistent link: https://www.econbiz.de/10009435039
It is well known that the Internet has significantly reduced consumers'search costs online. But relatively little is known about how searchcosts affect consumer demand structure in online markets. In this paper,we identify the impact of search costs on firm competition and marketstructure by...
Persistent link: https://www.econbiz.de/10009435104
Information systems and the Internet have facilitated the creation of used product markets that feature a dramatically wider selection, lower search costs, and lower prices than their brick-andmortar counterparts do. The increased viability of these used product markets has caused concern among...
Persistent link: https://www.econbiz.de/10009441245