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The Great Reversal is a pleasure to read because of its original arguments and thorough reasoning by a very able economist. Thomas Phillippon analyses the state of competition in the US and Europe, respectively, very convincingly. His main finding is that the intensity of competition has...
Persistent link: https://www.econbiz.de/10014262883
Based on an analysis of cartel prosecutions since 2007, this article assesses the way the European Commission has built up its fines in practice. The fines are compared with those imposed by the European Commission over the period from 1999 to 2006. The main findings are that, while fines have...
Persistent link: https://www.econbiz.de/10012940532
Competition agency guidelines, policy statements and related advocacy are an important vehicle for policy expression and the guidance of firms across the full spectrum of anti-competitive practices and market conduct. The role of guidelines and policy statements has, arguably, been particularly...
Persistent link: https://www.econbiz.de/10011810287
The study analyses the price formation and market functionality of the Finnish food chain. A significant portion of the report consists of international comparisons. The main comparison countries are the so-called old EU countries (EU15) of Western Europe, the new EU countries (EU12) and the...
Persistent link: https://www.econbiz.de/10010273052
In dealing with telecom operator and internet mergers in the late 1990s the European Commission adopted a pessimistic view of competition based on the then emerging theory of network effects. This paper takes a short and critical look at the Commission's use of network effects theory, and its...
Persistent link: https://www.econbiz.de/10014186182
of consumer harm through tacit collusion by the reduced number of firms in the industry (this is known as collective …/Norske Skog/Haindl. Here, coordinated effects were at the centre of the Commission's concerns. We discuss how collusion theory and …
Persistent link: https://www.econbiz.de/10014048366
implications of the case for anti-trust enforcement in high innovation sectors …
Persistent link: https://www.econbiz.de/10014048367
private antitrust suits in deterring international cartels. The article then examines the empirical evidence related to the … domestic antitrust enforcement on cartel recidivism. The article proposes a methodology that would harmonize the needs for … vigorous antitrust enforcement to deter international cartel activity and reduce recidivism with comity issues obviously at the …
Persistent link: https://www.econbiz.de/10014051606
seem warranted, in fact there is no crime at the crime scene. While competition law aims to protect consumers, the danger …
Persistent link: https://www.econbiz.de/10014215006
The co-legislators adopted the Digital Markets Act (DMA) in July 2022. The text is landmark legislation that imposes a list of ex-ante obligations and interdictions on large online platforms acting as “gatekeepers” in some core platform services (CPS). Yet, the DMA also imposes an obligation...
Persistent link: https://www.econbiz.de/10014077760