Showing 1 - 10 of 1,095
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
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the … of the public cartel enforcement process in the European Union - subdivided further into its duration, types of cartel …
Persistent link: https://www.econbiz.de/10011541082
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
. Special emphasis is given to the game-theoretic approach to predation and to the reasons why this approach has never gained … of antitrust courts, in particular their preference for easy-to-apply rules. Therefore predation cases are still governed … almost always irrational - and a Harvard-style attention for the operational side of antitrust enforcement …
Persistent link: https://www.econbiz.de/10014191307
are more inclined to conclude that US cartel enforcement has seen an underlying shift away from focusing on smaller … policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …
Persistent link: https://www.econbiz.de/10011346282
essential for judgments in such cases, and we allow the court to make errors. The imperfect enforcement by courts, affects both …
Persistent link: https://www.econbiz.de/10012719265
The court in United States v. Microsoft Corporation paints a vivid picture of Microsoft as a monopolist taking aggressive competitive actions to protect its dominant Windows operating system against a challenge by Netscape. Even if one accepts the court’s factual description of Microsoft’s...
Persistent link: https://www.econbiz.de/10014192513
protection of inefficient competitors. On the other hand, a total bundle predation-style safe harbor would not detect above …
Persistent link: https://www.econbiz.de/10014211539
emphasizing strategic theory has shown that predation can be rational, and empirical studies have presented evidence consistent … with successful predation. In this sense, the economics of predatory pricing has moved closer to other areas of … assumption that successful predation was rare, has remained relatively intact. While the recent economic literature may have …
Persistent link: https://www.econbiz.de/10014216880
, should be treated like predation cases. Analyses supporting this perspective err in treating the buyers as end users rather …
Persistent link: https://www.econbiz.de/10014026040