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This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
The U.S. Department of Justice has prosecuted over 1,600 criminal antitrust (price-fixing and related) cases since 1970. Yet, we know precious little about the true genesis of these investigations. This paper uses the Vector-Autoregression methodology to examine the dynamic interrelationships...
Persistent link: https://www.econbiz.de/10014047765
airport-pairs to reject both conducts consistent with the Bertrand outcome, which is equivalent to perfect competition, and … oligopoly. In the second part of the paper, a cross-section pricing regression complements the Rosse-Panzar test. It shows that … the presence of low-cost competition in an airport-pair reduces the average fare significantly …
Persistent link: https://www.econbiz.de/10014070069
I present the following proposal: information revealed during non-cartel investigations by competition law enforcement …
Persistent link: https://www.econbiz.de/10010277361
I present the following proposal: information revealed during non-cartel investigations by competition law enforcement …
Persistent link: https://www.econbiz.de/10009230908
diversity of telecommunications innovation increased. Total patenting by US inventors related to telecommunications increased by …
Persistent link: https://www.econbiz.de/10014458851
of the Hearings on Competition and Consumer Protection in the 21st Century. The GAI Competition Advocacy Program provides … a wide range of recommendations to facilitate adoption of economically sound competition policy …
Persistent link: https://www.econbiz.de/10012911592
trends, markup trends, and the effects of mergers does not actually show a widespread decline in competition. Nor does it … observed changes in many industries are likely to reflect competition in action. We highlight research that points to targeted … interventions that can enable antitrust enforcement policy to better promote and protect competition. Throughout the paper, we …
Persistent link: https://www.econbiz.de/10014635724
of economic regulation in telecommunications. It attempts to derive some lessons from the experience of four countries … achieve key objectives of telecommunications regulation, which are presented in the following section. Then, the paper … telecommunications …
Persistent link: https://www.econbiz.de/10014073738
After two years of litigation, the Department of Justice (DOJ) and the 19 states suing Microsoft have proposed draconian remedies (Plaintiffs Proposed Final Judgment 2000, hereafter, PPFJ) to address the violations of the Sherman Act found by Judge Thomas Penfield Jackson (Conclusions of Law...
Persistent link: https://www.econbiz.de/10014148779