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The effect of a leniency rule on cartel formation and stability : experiments with open communication
Andres, Maximilian; Bruttel, Lisa Verena; Friedrichsen, Jana - 2019
Cartels can severely harm social welfare. Competition authorities introduced leniency rules to destabilize existing … cartels and hinder the formation of new ones. Empirically, it is difficult to judge the success of these measures because … functioning cartels are unobservable. Existing experimental studies confirm that a leniency rule indeed reduces cartelization. We …
Persistent link: https://www.econbiz.de/10012134469
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Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10010326070
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Competitive prices as profit-maximizing cartel prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10011380471
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Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold - 2010
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10013144204
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Three economist's tools for antitrust analysis : a non-technical introduction
Pittman, Russell W. - 2017
The importance of economics to the analysis and enforcement of competition policy and law has increased tremendously in the developed market economies in the past forty years. In younger and developing market economies, competition law itself has a history of twenty to twenty-five years at most...
Persistent link: https://www.econbiz.de/10011689074
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Competition agency guidelines and policy initiatives regarding the application of competition law vis-à-vis intellectual property : an analysis of jurisdictional approaches and eme...
Anderson, Robert D.; Chen, Jianning; Müller, Anna Caroline - 2018 - Manuscript date: 4 March 2018
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
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Complex Bundled Discounts and Antitrust Policy
Hovenkamp, Herbert - 2015
A bundled discount occurs when a seller conditions a discount or rebate on the buyer's purchaser or two or more different products. Firms that produce fewer than all the good in the bundle find it difficult to compete because they must amortize the discount across a smaller range of goods. For...
Persistent link: https://www.econbiz.de/10012749882
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Credit Cards, Counterfactuals, and Antitrust Damages - The UK MasterCard Litigations
Veljanovski, Cento - 2020
The English courts in Sainsbury's v. MasterCard and Morrisons v. MasterCard came to opposite conclusions on the illegality of MasterCard's multilateral interchange fees (MIFs). While both courts posited bilateral counterfactuals, the Competition Appeal Tribunal (CAT) in Sainsbury's held that...
Persistent link: https://www.econbiz.de/10012853870
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Procompetitive Justifications in Antitrust Law
Newman, John M. - 2020
The Rule of Reason, which has come to dominate modern antitrust law, allows defendants the opportunity to justify their conduct by demonstrating “procompetitive” effects. Seizing the opportunity, defendants have begun offering increasingly numerous and creative explanations for their...
Persistent link: https://www.econbiz.de/10012853929
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Antitrust and Restrictions on Privacy in the Digital Economy
Economides, Nicholas - 2020
We present a model of a market failure based on a requirement provision by digital platforms in the acquisition of personal information from users of other products/services. We establish the economic harm from the market failure and the requirement using traditional antitrust methodology....
Persistent link: https://www.econbiz.de/10012842782