The study analyzes the impact of European antitrust enforcement on industry performance measured as competition … competitive market structure. We find that enforcement has a considerable effect, both on competition intensity and on … an increase in competition and productivity after the cartel break-up. The impact of vertical conduct is more complex …

The author provides a Hayekian definition of competition …

Competition has been modelled in the literature in a number of ways. What do these different parametrizations of … competition have in common? For instance, it turns out that it is not always the case that a rise in competition reduces price … cost margins, industry wide profits or concentration. All parametrizations of competition, considered here, have two …