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Innovation Competition, Unilateral Effects and Merger Policy
Petit, Nicolas - 2020
post-merger R&D efforts (including lower expenditure). SIEIC is distinct from the mainstream unilateral effects theory of … analysis lies a fundamental question of competition theory: under what conditions can variations of existing economic models be … applied in merger cases? This paper is divided into three sections. In Section I, the SIEIC theory of harm is described and …
Persistent link: https://www.econbiz.de/10012852989
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Raising Rivals' Costs Through Cartel Detection - Why Downstream Buyers Rather Face an Upstream Cartel than Downstream Competition
Clemens, Georg - 2018
This paper analyses how the endogenous detection of an upstream cartel by a down-stream buyer allows the detecting firm to raise rivals' cost. We model a market with a vertical structure, where a stable all-inclusive cartel is operating in the upstream market which provides an input to a...
Persistent link: https://www.econbiz.de/10012934303
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Competition and Collusion with Fixed Output
Zenger, Hans - 2013
In many industries, output is fixed by exogenous constraints, so firms compete by allocating a given stock of supplies between different markets. This paper shows that collusion in such industries leads firms to shift output from high-margin markets to low-margin markets. As a result, welfare is...
Persistent link: https://www.econbiz.de/10013083114
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Multimarket Contact and Platform Competition : Reassessing the Mutual Forbearance Hypothesis
Darmon, Eric - 2019
traditional one-sided markets, theory and empirical evidence show that MMC tends to relax competition. However, it is unclear …
Persistent link: https://www.econbiz.de/10012863239
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The collusive efficacy of competition clauses in Bertrand Markets with capacity-constrained retailers
Trost, Michael - 2021
We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated interaction among the retailers and heterogeneity in their...
Persistent link: https://www.econbiz.de/10012546930
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Defining Unreasonably Exclusionary Conduct : The 'Exclusion of a Competitive Rival' Approach
Lambert, Thomas A. - 2013
Unreasonably exclusionary conduct, the element common to monopolization and attempted monopolization offenses under Section 2 of the Sherman Act, remains essentially undefined. Federal courts, including the U.S. Supreme Court, have purported to define the term, but the definitions they have...
Persistent link: https://www.econbiz.de/10013075441
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Competitive Harm Crossing Borders : Regulatory Gaps and a Way Forward
Martyniszyn, Marek - 2021
This article analyses the current regulatory framework governing transnational restrictive business practices. It identifies key gaps that provide room for anticompetitive practices to flourish, causing cross-border transfer of wealth, typically from less affluent states. The economic harm...
Persistent link: https://www.econbiz.de/10013236553
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Platform Market Power
Bamberger, Kenneth A. - 2018
The rise of the platform economy has been the subject of celebration and critique. Platform companies like Uber, Airbnb, and Postmates have been rightfully celebrated as positively disruptive, introducing much–needed competition in industries that have been otherwise over–mature and...
Persistent link: https://www.econbiz.de/10012931991
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Innovating Big Tech Firms and Competition Policy : Favoring Dynamic Over Static Competition
Petit, Nicolas; Teece, David - 2021
This paper gives a fresh account of competition in the digital economy. Economic analysis in the field of industrial organization remains largely focused on a sophisticated version of the Schumpeter-Arrow debate, which is unresolved and largely irrelevant. We posit the need to look at...
Persistent link: https://www.econbiz.de/10013238612
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Facilitating Competition by Remedial Regulation
Garcia, Kristelia - 2016
Persistent link: https://www.econbiz.de/10012991958