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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 area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the … of the public cartel enforcement process in the European Union - subdivided further into its duration, types of cartel …
Persistent link: https://www.econbiz.de/10011541082
. Special emphasis is given to the game-theoretic approach to predation and to the reasons why this approach has never gained … of antitrust courts, in particular their preference for easy-to-apply rules. Therefore predation cases are still governed … almost always irrational - and a Harvard-style attention for the operational side of antitrust enforcement …
Persistent link: https://www.econbiz.de/10014191307
are more inclined to conclude that US cartel enforcement has seen an underlying shift away from focusing on smaller … policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …
Persistent link: https://www.econbiz.de/10011346282
essential for judgments in such cases, and we allow the court to make errors. The imperfect enforcement by courts, affects both …
Persistent link: https://www.econbiz.de/10012719265
The court in United States v. Microsoft Corporation paints a vivid picture of Microsoft as a monopolist taking aggressive competitive actions to protect its dominant Windows operating system against a challenge by Netscape. Even if one accepts the court’s factual description of Microsoft’s...
Persistent link: https://www.econbiz.de/10014192513
increase profits. Our results have important implications for both the design of screening tools to detect cartels as part of … public enforcement and the calculation of damages as part of private enforcement of competition law. …
Persistent link: https://www.econbiz.de/10010307841
We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...
Persistent link: https://www.econbiz.de/10011378956
The ministerial proposal for a 10th amendment of the German competition law particularly addresses abuse control and seeks to tighten this pillar of competition policy against the background of the challenges from the digital economy. Next to extending the classic policy instruments of abuse...
Persistent link: https://www.econbiz.de/10012229920
The prohibition against price fixing is competition law’s most important and least controversial provision. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings cannot be reconciled with principles of oligopoly theory. This article...
Persistent link: https://www.econbiz.de/10011810824