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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...
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This paper examines how market competition affects the intensity and breadth of innovation. I assembled a unique … between price competition and innovation. When collusion suppressed price competition, colluding firms increased patent … technology classes increased by 30%. When competition was restored by collusion breakdown, the increased and broadened innovation …
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who believed the merger would negatively impact competition within the health insurance marketplace …
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mergers, that was held at the OECD in October 2001. In the context of conglomerate merger review, portfolio effects seem to … prohibiting mergers having potentially harmful portfolio effects, competition agencies should instead take a wait-and-see attitude …
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