Showing 1 - 10 of 4,089
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
. -- Competition policy ; monopolisation ; predation ; enforcement … selected enforcement options in a Cournot-type duopoly predation model. Differentiating between a no rule approach, an ex ante …
Persistent link: https://www.econbiz.de/10008701358
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
While the previous literature on exclusive dealing has been concerned with the question of how exclusive dealing can raise static profits, this paper analyzes the question of how exclusive dealing can be used to predate in a dynamic context. It is shown that exclusive dealing may arise even if...
Persistent link: https://www.econbiz.de/10003951748
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
argue that economics alone does not justify applying a price-cost test to predation but not to loyalty discounts. Still, the …
Persistent link: https://www.econbiz.de/10012981331
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
Both the academic literature and the policy debate on systematic bailout guarantees and Government subsidies have ignored an important effect: in industries where firms may go out of business due to idiosyncratic shocks, Governments may increase the likelihood of (tacit) coordination if they set...
Persistent link: https://www.econbiz.de/10010437796