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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10014023495
An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an … investigation. Firms pick the degree of collusion: The more they collude, the higher are profits, but so is the probability of … inffective; it may even increase collusion. Increasing the probability of an investigation at low levels does not increase …
Persistent link: https://www.econbiz.de/10011919342
exemption for so-called ministerial cartels under Section 8 GWB was discarded without replacement. Similar to the still existing … from the general ban on cartels under Section 1 GWB for "predominant reasons relating to the economy as a whole and the … the much-discussed instrument of ministerial approval under Section 42 GWB by a regulation on the exemption of cartels …
Persistent link: https://www.econbiz.de/10012261718
Persistent link: https://www.econbiz.de/10010406293
antitrust law has been the principal source of inspiration for jurisdictions wishing to introduce regulation to control cartels … area of economic activity affected by antitrust law: cartels and anti-competitive agreements; dominance and monopolization …Antitrust and competition law have grown dramatically in importance and significance over the last fifty years. US …
Persistent link: https://www.econbiz.de/10012913418
Complexity science is widely used across the policy spectrum but not in antitrust. This is unfortunate. Complexity … blocks of a complexity-minded antitrust method …
Persistent link: https://www.econbiz.de/10013296286
antitrust exemption, access rules to Judo tournaments, sale systems of media rights in European football as well as a unique …
Persistent link: https://www.econbiz.de/10011750292
model scenario with differently informed consumers that MCCs primarily serve as a device to facilitate collusion instead of …
Persistent link: https://www.econbiz.de/10010321690
The Rule of Reason, which has come to dominate modern antitrust law, allows defendants the opportunity to justify their …: procompetitive-justification analysis is absolutely vital to a properly functioning antitrust enterprise.In response, this article …
Persistent link: https://www.econbiz.de/10012853929
constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little …
Persistent link: https://www.econbiz.de/10013473721