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The aim of this paper is threefold. First, it seeks to contribute to a more fine-grained comparison between US antitrust and EU competition law by (selectively) including state antitrust laws as well as laws that pursue objectives different from the antitrust laws but interfere with the aims of...
Persistent link: https://www.econbiz.de/10014149008
This chapter will examine the growth of Professor Eleanor Fox's global and cosmopolitan vision for the future of competition policy. Over her illustrious career, Professor Fox's scholarship traces an arc that began with the battle for the soul of U.S. antitrust law as the Chicago School's...
Persistent link: https://www.econbiz.de/10012960432
Competition policy in the European Union is built on the principle that the exercise of market power is a source of inefficiency and as such should be prevented or eliminated. According to this doctrine, effective competition exempt from market power is the source of economic growth. Observation...
Persistent link: https://www.econbiz.de/10013021141
Computational antitrust is a new domain of legal informatics which seeks to develop computational methods for the automation of antitrust procedures and the improvement of antitrust analysis. The present article first introduces it, then explores how agencies, policymakers, and market...
Persistent link: https://www.econbiz.de/10013250887
We show that in many applied economic models, it is possible to reduce the dimensionality of the space of actions to what we call sufficient decisions. We find that for monopoly and oligopoly in multi-sided markets and multi-product markets, the market equilibrium can be transformed into an...
Persistent link: https://www.econbiz.de/10013033140
We investigate the impact of consumer myopia on competition and firm behavior. In our model, firms repeatedly sell a primary good and a respective add-on. We study the impact of consumer myopia in the add-on market on pricing and on the ability of firms to engage in collusion. We show that in a...
Persistent link: https://www.econbiz.de/10013078137
I present an overview of the antitrust literature on sports leagues, with particular emphasis on the National Collegiate Athletic Association, the National Football League, Major League Baseball, the National Basketball Association, and the National Hockey League, as well as on sanctioning...
Persistent link: https://www.econbiz.de/10012721103
Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers' weights are balanced. Vertical integration eliminates double marginalization...
Persistent link: https://www.econbiz.de/10012494786
This publication features conversations on antitrust law with Nobel Prize laureates in Economics and aims at understanding how useful their work could be to antitrust law. Given the rigor and importance of their body of work, antitrust scholars, lawyers, officials, and anyone who's interested in...
Persistent link: https://www.econbiz.de/10012899896
Has the antitrust arsenal run out of novel theories or weapons? Think again. Recent scholarship has come to challenge conventional wisdom with the latest target of antitrust imagination being institutional investors, including diversified index funds. New economic research suggests that common...
Persistent link: https://www.econbiz.de/10012952957