Showing 1 - 10 of 749
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10014023495
clearing an R&D agreement can be beneficial since it removes the additional collusion incentive resulting from fear that … risk of collusion in the product market if products are substitutes, if capacity cannot immediately be extended, if market …
Persistent link: https://www.econbiz.de/10008779115
This paper develops a model of the birth and death of cartels in the presence of enforcement activities by a Competition Authority (CA). We distinguish three sets of interventions: (a) detecting, prosecuting and penalizing cartels; (b) actions that aim to stop cartel activity in the short-term,...
Persistent link: https://www.econbiz.de/10011431514
We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the average number of all merger transactions increase...
Persistent link: https://www.econbiz.de/10009751721
Persistent link: https://www.econbiz.de/10009720709
welfare under these legal principles. The optimal fine schedule remains below the maximum fine and induces collusion on a … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set …
Persistent link: https://www.econbiz.de/10010224778
This paper analyses how the endogenous detection of an upstream cartel by a down-stream buyer allows the detecting firm to raise rivals' cost. We model a market with a vertical structure, where a stable all-inclusive cartel is operating in the upstream market which provides an input to a...
Persistent link: https://www.econbiz.de/10012934303
Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust … that facilitate tacit collusion by providing quantitative evidence that links these actions to an anticompetitive market … about collusion. …
Persistent link: https://www.econbiz.de/10009777055
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
Algorithmic competition has arrived. With it has come the specter of algorithmic collusion – rapid detection of co …-conspirators’ defection via technologically enhanced price monitoring and setting capability can encourage anticompetitive collusion … collusion into something antitrust scholars had previously thought impossible: stable cartels. In particular, consumer …
Persistent link: https://www.econbiz.de/10014093500