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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
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
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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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Collusion in the US generic drug industry
Clark, Robert; Fabiilli, Christopher Anthony; Lasio, Laura - 2021
We study cartels that operated in the US generic drug industry, leveraging quarterly Medicaid data from 2011-2018 and a difference-in-differences approach comparing the evolution of prices of allegedly collusive drugs with a group of competitive control drugs. Our analysis highlights (i) the...
Persistent link: https://www.econbiz.de/10012670921
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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
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Loyalty Discounts, Exclusive Dealing and Bundling : Rule of Reason, Quasi-Per-Se, Price-Cost Test, or Something in between?
Eilat, Assaf - 2016
The article reviews loyalty rebates, target rebates, exclusive dealing, and bundling, and argues that these are analogous practices that deserve similar competitive analyses and rules. In particular, in the case of all of these practices, at least some marginal units are typically sold below...
Persistent link: https://www.econbiz.de/10012986007
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Bundled Rebates as Exclusionary, Not Predatory
Brennan, Tim - 2007
Prevailing tests for whether bundled rebate programs are anticompetitive, including the recent Antitrust Modernization … Commission Recommendation 17, are based on whether some incremental or total price in the rebate program is less than some … appropriate incremental cost. This test is based upon an error - that rebate programs, and exclusionary conduct more generally …
Persistent link: https://www.econbiz.de/10014026040
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E-Book Pricing and Vertical Restraints
De los Santos, Babur; Wildenbeest, Matthijs R. - 2014
This paper empirically analyzes how the use of vertical price restraints has impacted retail prices in the market for e-books. In 2010 five of the six largest publishers simultaneously adopted the agency model of book sales, allowing them to directly set retail prices. This led the Department of...
Persistent link: https://www.econbiz.de/10014141798
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Pricing behavior in partial cartels
Odenkirchen, Johannes - 2018
We analyze the pricing behavior of firms when explicit partial cartels have formed in experimental markets through communication. Using a repeated, asymmetric capacity constraint price game, we show that, in line with theory, a partial cartel is sufficient to increase market prices for all...
Persistent link: https://www.econbiz.de/10011897162
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Developing Competition Law for Collusion by Autonomous Price-Setting Agents
Harrington Jr, Joseph E. - 2017
After arguing that collusion by software programs which choose pricing rules without any human intervention is not in violation of section 1 of the Sherman Act, the paper offers a path towards making collusion by autonomous agents unlawful
Persistent link: https://www.econbiz.de/10012947737
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Tying, Bundling, and Loyalty/Requirement Rebates
Economides, Nicholas - 2011
I discuss the impact of tying, bundling, and loyalty/requirement rebates on consumer surplus in the affected markets. I show that the Chicago School Theory of a single monopoly surplus that justifies tying, bundling, and loyalty/requirement rebates on the basis of efficiency typically fails....
Persistent link: https://www.econbiz.de/10014187801