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This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though … it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust … when amnesty is awarded, though it can be optimal to award amnesty even when the antitrust authority is very likely to win …
Persistent link: https://www.econbiz.de/10010293443
Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a cartel A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and then gradually lowers it An alternative...
Persistent link: https://www.econbiz.de/10010293483
recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to … collusion. It allows an upstream cartel to shield itself from private damage claims by forwarding a share of cartel profits to … private damages. The cartel can achieve this by rationing inputs at low prices. Several U.S. antitrust cases show symptoms of …
Persistent link: https://www.econbiz.de/10011343268
Given various recent antitrust investigations on the retail sector, we deal with uncovering demand systems substitution …
Persistent link: https://www.econbiz.de/10010434293
In the context of an infinitely repeated capacity-constrained price game, we endogenize the composition of a cartel when .rms are heterogeneous in their capacities. When .rms are sufficiently patient, there exists a stable cartel involving the largest .rms. A .rm with sufficiently small capacity...
Persistent link: https://www.econbiz.de/10010277525
advantage. We examine the effect of an antitrust policy that prohibits both platforms (symmetric regulation), or just the …
Persistent link: https://www.econbiz.de/10013291496
This chapter sets out the principles and emerging practice governing cartel damages in the EU and UK. It identifies the types of damages available; the issue surrounding causation, pass-on, volume effects, and mitigation; and the methods that have been be used to estimate overcharges, volume...
Persistent link: https://www.econbiz.de/10013212073
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We …
Persistent link: https://www.econbiz.de/10012007152
with both the body of economic research on bidder collusion and with the antitrust jurisprudence on information exchange … antitrust law. Recent theoretical research conjectures that, in an SSO, patent owners can “hold up” patent users in the sense of … conjecture, actual SSOs have recently sought no-action letters from the Antitrust Division for a variety of amendments to SSO …
Persistent link: https://www.econbiz.de/10014047937
Estimates of average cartel duration and the annual probability of cartel death are based on data for discovered cartels. It is recognized that these estimates could be biased because the population of discovered cartels may not be a representative sample of the latent population of cartels....
Persistent link: https://www.econbiz.de/10014140645