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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
Persistent link: https://www.econbiz.de/10010406293
We provide a novel intuition for the observation that many brand manufacturers have restricted their retailers' ability to resell brand products online. Our approach builds on models of salience according to which price disparities across distribution channels guide a consumer’s attention...
Persistent link: https://www.econbiz.de/10011771695
between competitive and collusive basing-point pricing. We define a measure for the likelihood of collusion that can be used … to screen industries that traditionally apply delivered pricing for the presence of cartels. We operationalize this … screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …
Persistent link: https://www.econbiz.de/10011377553
place. Both the antitrust laws and state and federal rate regulatory regimes require enforcers to act to maximize consumer …
Persistent link: https://www.econbiz.de/10012849421
Production costs play a crucial role in competition policy and price regulation. A shared purpose of both policies is to keep prices close to production costs to the benefit of the consumers and of the society as a whole. The problem is that prices are per product and costs are per firm. So, the...
Persistent link: https://www.econbiz.de/10014082759
model scenario with differently informed consumers that MCCs primarily serve as a device to facilitate collusion instead of … discrimination ; competition ; collusion …
Persistent link: https://www.econbiz.de/10003957044
model scenario with differently informed consumers that MCCs primarily serve as a device to facilitate collusion instead of …
Persistent link: https://www.econbiz.de/10014209748
An important issue in many antitrust lawsuits involving professional sports leagues and their member teams is the …
Persistent link: https://www.econbiz.de/10013150706
Item pricing laws (IPLs) require a price tag on every item sold by a retailer. We study IPLs and assess their efficiency by examining and quantifying their costs and comparing them to their measurable benefits. On the cost side, we posit that IPLs should lead to higher prices because they...
Persistent link: https://www.econbiz.de/10014027271