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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 … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10010538399
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 … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10005227964
The paper offers an economic appraisal of selected aspects of EC law and policy towards abuse of dominance (Article 82). After a brief discussion of thresholds for dominance, five theories of exclusionary harm to compeptition are outlined, concerning: predatory pricing, partial exclusion to...
Persistent link: https://www.econbiz.de/10005047740
We analyze and contrast the US and EU antitrust standards on mixed bundling and tying. We apply our analysis to the US … that there are differences between the EC and US antitrust law on the choice of the relevant analogy for bundled rebates …
Persistent link: https://www.econbiz.de/10005622690
In U.S. antitrust, pricing below some level of cost has become almost necessary to a finding of predatory pricing. The …
Persistent link: https://www.econbiz.de/10011131672
Persistent link: https://www.econbiz.de/10010677767
Competition policy investigations usually commence with a definition of the relevant product and geographic market. The relevant market provides a first evaluation of competitive conditions and allows for the calculation of market shares, which aids in the assessment of firms’ market power....
Persistent link: https://www.econbiz.de/10010659633
Antitrust emerged in the 1950s and became dominant in the US. We show the extent to which economic objectives and theoretical … views shaped antitrust laws in their inception. After establishing the minor influence of economics in the promulgation of U ….S. competition laws, we then highlight U.S. economists' very cautious views about antitrust until the Second New Deal. We analyze the …
Persistent link: https://www.econbiz.de/10011099014
I discuss the impact of tying, bundling, and loyalty/requirement rebates on consumer surplus in the affected markets. I show that the Chicago School Theory of a single monopoly surplus that justifies tying, bundling, and loyalty/requirement rebates on the basis of efficiency typically fails....
Persistent link: https://www.econbiz.de/10008774549
Persistent link: https://www.econbiz.de/10009150133