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Information exchange through non-binding advance price announcements : an antitrust analysis

Boshoff, Willem H.; Frübing, Stefan; Hüschelrath, Kai - 2015

We study the welfare effects of non-binding advance price announcements. Applying a differentiated Bertrand model with horizontal products and asymmetric information, we find that such announcements can help firms to gain information on each other thereby allowing them to achieve higher profits....

Persistent link: https://www.econbiz.de/10011316431

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10014023495

Collusion in the US generic drug industry

Clark, Robert; Fabiilli, Christopher Anthony; Lasio, Laura - 2021

control drugs. Our analysis highlights (i) the difficulty of establishing a suitable control group when collusion is pervasive … collusion on prices. Our most conservative estimates suggest that collusion led to price increases of between 0% and 166% for …

Persistent link: https://www.econbiz.de/10012670921

An Economic Approach to Price Fixing

Kaplow, Louis - 2015

This article examines optimal policy toward coordinated oligopolistic price elevation. First, it analyzes the social welfare implications of enforcement, elaborating the value of deterrence and the nature of possible chilling effects. Then, it explores a variety of means of detection, with...

Persistent link: https://www.econbiz.de/10013037859

Price-fixing policy

Kaplow, Louis - 2018

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

Recoupment, market power, and predatory pricing

Kaplow, Louis - 2018

Recoupment inquiries play an important role in predatory pricing cases. Nevertheless, their place in antitrust analysis is unclear and potentially problematic in ways that are not fully appreciated. Does a recoupment requirement define, augment, or replace the preexisting monopoly power...

Persistent link: https://www.econbiz.de/10011927162

Price Discrimination-Driven Algorithmic Collusion : Platforms for Durable Cartels

Mehra, Salil K. - 2020

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

Multi-product pricing and minimum resale price maintenance

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

We provide a novel explanation for why manufacturers want to enforce a minimum resale price (min RPM) on retailers. A manufacturer sells her good via a multi-product retailer to final consumers by charging a linear wholesale price. The manufacturer then maximizes her profit through min RPM...

Persistent link: https://www.econbiz.de/10013328108

Resale price maintenance in a successive monopoly model

Dertwinkel-Kalt, Markus; Wey, Christian - 2023

We present a model to explain why a manufacturer may impose a minimum resale price (min RPM) in a successive monopoly setting. Our argument relies on the retailer having non-contractible choice variables, which could represent the price of a substitute good and/or the effort the retailer exerts...

Persistent link: https://www.econbiz.de/10013539548

Competitive effects of resale price maintenance through inventory : evidence from publishing industry

Kawaguchi, Kohei; Qiu, Yin Jia; Zhang, Yi - 2022

This paper examines the competitive effects of resale price maintenance (RPM) through inventory decisions under demand uncertainty. We focus on the Japanese publishing industry where RPM is allowed. We develop and estimate a model of RPM in which price and inventory are determined before demand...

Persistent link: https://www.econbiz.de/10013464471

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