A gazdasági átalakulás versenypolitikai összefüggései az utóbbi években előtérbe kerülnek a fejlődő országokban is. A cikk egy iparosodott, de a világgazdaságba csak nagy késéssel integrálódó fejlődő ország, a Dél-afrikai Köztársaság verseny politikai reformjainak...

In this paper I use basic game theory tools to explore the logical consequences of some fundamental legal definitions of European and American antitrust. In a competition game, in which there is a true monopolistic/dominant firm (MDF) and competition law is respected, thus limiting the...

This paper critically reviews the European Commission’s proposed Directive on future rules concerning actions for damages for competition law infringements under national law. It is argued that the proposal underestimates the importance of loss of profits induced by increased prices and does...

We review the burgeoning literature on two-sided markets focusing on the different definitions that have been proposed. In particular, we show how the well-known definition given by Evans is a particular case of the more general definition proposed by Rochet and Tirole. We then identify the...

Le thème des fondements des politiques de concurrence est faussement élémentaire. En effet, il renvoie d’une part aux questionnements relatifs à l’utilité sociale et économique d’une politique de concurrence et, d’autre part à ceux ayant trait à la place des choix politiques....

An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature, our firms have imperfect cumulative evidence of the collusion. That is, cartel conviction is not automatic if one firm reports: reporting makes conviction only more likely, the...

We discuss strategic ways that sellers can use tying and bundling with requirement conditions to extract consumer surplus. We analyze different types of tying and bundling creating (i) intra-product price discrimination; (ii) intra-consumer price discrimination; and (iii) inter-product price...

The European Union adoped a new guidelines related to the assessment of vertical mergers towards end of 2007. This guidelines suggests an effect-based and economic approach in analyzing vertical mergers. The vertical merger between Tom Tom and Tele Atlas, which are undertakings operating at...

Severe limitations on antitrust enforcement officials’ knowledge and the potential impact of ill-advised investigations and prosecutions on markets suggest that officials should exercise extraordinary caution in enforcement of restraints on single-firm conduct. Although it is common to depict...

Over the last decade a large body of economic research has emerged that has sought to empirically test the effectiveness of leniency policies as tools to enhance the detection, prosecution and deterrence of cartel conduct. This research has considerable potential value in assisting competition...