Summary This paper is about conscious parallelism in a duopoly with differentiated products. Conscious parallelism is modelled by a “policy of fixed relative prices” (frp) i. e. starting from a competitive equilibrium both duopolists vary prices by the same percentage. This price increasing...

Countries have differences in competition policies, which are cause for friction in international trade and investment. This paper discusses those issues and develops a model to try to explain the willingness of countries to participate in a cooperative competition policy. The model suggests...

Abstract Innovation is fundamental to sustainable economic development because input resources are finite. When an economy faces constraints such as land and labour, innovation fuels continued growth through new technologies that utilises the limited resources more productively. Competition...

In the light of today’s rampant globalization, there is an increasing need for developing a system of antitrust that serves to regulate the world market. This article describes the problems relating to the globalization of antitrust in the face of differing, and often conflicting, aims of...

Purpose – The purpose of this paper is to examine the relationship between SME suppliers and large buyers, and so better inform competition policy in cases where market power resides with buyers. Design/methodology/approach – The theories of monopsony and oligopsony are applied to...

International Journal of the Economics of Business produced a special issue on “Symposium on the US brand name prescription drug antitrust legislation” in 1997. This case involved fascinating scientific and policy issues including price discrimination. Economic scholars contributed to the...