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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...
Persistent link: https://www.econbiz.de/10014023495
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the … of the public cartel enforcement process in the European Union - subdivided further into its duration, types of cartel …
Persistent link: https://www.econbiz.de/10011541082
significantly reduced. -- Competition policy ; monopolisation ; predation ; enforcement ; sanctions ; screening … improve predation enforcement in general. As a consequence, the introduction of a pre-screening approach is proposed, which … account. In particular, it is proposed to improve predation enforcement by focusing on two channels: refining the current …
Persistent link: https://www.econbiz.de/10003914345
. -- Competition policy ; monopolisation ; predation ; enforcement … selected enforcement options in a Cournot-type duopoly predation model. Differentiating between a no rule approach, an ex ante …
Persistent link: https://www.econbiz.de/10008701358
Recoupment inquiries play an important role in predatory pricing cases. Nevertheless, their place in antitrust analysis is unclear and potentially problematic in ways that are not fully appreciated. Does a recoupment requirement define, augment, or replace the preexisting monopoly power...
Persistent link: https://www.econbiz.de/10011927162
. Special emphasis is given to the game-theoretic approach to predation and to the reasons why this approach has never gained … of antitrust courts, in particular their preference for easy-to-apply rules. Therefore predation cases are still governed … almost always irrational - and a Harvard-style attention for the operational side of antitrust enforcement …
Persistent link: https://www.econbiz.de/10014191307
are more inclined to conclude that US cartel enforcement has seen an underlying shift away from focusing on smaller … policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …
Persistent link: https://www.econbiz.de/10011346282
While the previous literature on exclusive dealing has been concerned with the question of how exclusive dealing can raise static profits, this paper analyzes the question of how exclusive dealing can be used to predate in a dynamic context. It is shown that exclusive dealing may arise even if...
Persistent link: https://www.econbiz.de/10003951748
We study competition in the German interurban bus industry two years after its liberalization in January 2013. In addition to a brief characterization of the liberalization process and several general market developments, we provide a detailed analysis of selected market characteristics such as...
Persistent link: https://www.econbiz.de/10011316405
essential for judgments in such cases, and we allow the court to make errors. The imperfect enforcement by courts, affects both …
Persistent link: https://www.econbiz.de/10012719265