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Dominant or apparently dominant internet platform increasingly become subject to both antitrust investigations and … Amazon and the major publishers in the e-book market require competition policy action. The standard antitrust instruments …
Persistent link: https://www.econbiz.de/10011492143
Numerous recently uncovered cartels operated along the supply chain, with firms at one end facilitating collusion at the other - hub-and-spoke arrangements. These cartels are hard to rationalize because they induce double marginalization and higher costs. We examine Canada's alleged bread cartel...
Persistent link: https://www.econbiz.de/10012670820
We study cartels that operated in the US generic drug industry, leveraging quarterly Medicaid data from 2011-2018 and a difference-in-differences approach comparing the evolution of prices of allegedly collusive drugs with a group of competitive control drugs. Our analysis highlights (i) the...
Persistent link: https://www.econbiz.de/10012670921
In this paper, we comment on the debate about guidelines for Art. 102 TFEU in the face of the challenges brought by digital ecosystems and abuse of dominance in related markets. We take the perspective of dynamic competition economics and derive four recommendations for the future enforcement of...
Persistent link: https://www.econbiz.de/10014512364
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … 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/10014023495
The U.S. federal government has brought major antitrust cases against Microsoft and Google. Regulators likely don … send a message to European regulators, who have stepped into a leading role on antitrust. To navigate increasing … uncertainty around where and how antitrust law is enforced, companies need to understand the complex politics of competing efforts …
Persistent link: https://www.econbiz.de/10014259528
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Persistent link: https://www.econbiz.de/10012182271
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His … it to the other side of the market and eliminating producer's surplus - that much needed antitrust action has been … ignored by this narrow criterion. This analysis indicates that antitrust action is long overdue after considering two …
Persistent link: https://www.econbiz.de/10012804859
We analyze a hub-and-spoke cartel in the Brazilian automotive fuel industry. Using the court documents and detailed data on the supply chain we uncover three mechanisms beyond information sharing used by wholesalers (hub) to help retailers (spokes) solve the obstacles of price coordination:...
Persistent link: https://www.econbiz.de/10012705135