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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 …
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While private actions for damages by customers against price-cartels receive much attention, the treatment of other … to a downstream price cartel. First, we show that such suppliers incur losses driven by a direct quantity, a price and a … residual demand estimation that allows to quantify all determinants of cartel suppliers’ damages, thereby showing that supplier …
Persistent link: https://www.econbiz.de/10009787408
While private actions for damages by customers against price-cartels receive much attention, the treatment of other … to a downstream price cartel. First, we show that such suppliers incur losses driven by a direct quantity, a price and a … residual demand estimation that allows to quantify all determinants of cartel suppliers’ damages, thereby showing that supplier …
Persistent link: https://www.econbiz.de/10010228570
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Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of … the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a …
Persistent link: https://www.econbiz.de/10012938866
.S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing …While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political … preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U …
Persistent link: https://www.econbiz.de/10011346282
Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate …, the communication and internal structures within the cartels as well as their breakup. Our results indicate that cartel … individuals involved in these 15 cartels were female, suggesting that gender also plays a role for cartel formation. We further …
Persistent link: https://www.econbiz.de/10013362394