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We study cartels that operated in the US generic drug industry, leveraging quarterly Medicaid data from 2011-2018 and a difference-in-differences approach comparing the evolution of prices of allegedly collusive drugs with a group of competitive control drugs. Our analysis highlights (i) the...
Persistent link: https://www.econbiz.de/10012670921
? (iii) What are implications for antitrust policy? We conclude from our analysis that in the already highly horizontally …
Persistent link: https://www.econbiz.de/10012011207
? (iii) What are implications for antitrust policy?We conclude from our analysis that in the already highly horizontally …
Persistent link: https://www.econbiz.de/10012869100
concentrated markets should be investigated and subject to antitrust enforcement when they are shown to have anticompetitive …
Persistent link: https://www.econbiz.de/10011685455
were the core target of antitrust law were horizontal shareholders. I further show that anticompetitive horizontal …
Persistent link: https://www.econbiz.de/10011810808
. Our findings inform the debate over whether antitrust enforcement has been lax …
Persistent link: https://www.econbiz.de/10014250141
. Our findings inform the debate over whether antitrust enforcement has been lax …
Persistent link: https://www.econbiz.de/10014348975
Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm before the acquisition of another firm, outsider-toehold, is more profitable in some market constellations, due to the positive externality on the outsider (competing) firm when a...
Persistent link: https://www.econbiz.de/10010320168
In agreements settling patent challenges in the drug industry, the plaintiff brand commonly licenses the defendant generic to sell prior to patent expiry. Some agreements require the generic to pay the brand royalties. Despite the superficial flow of profits, royalty terms may function as part...
Persistent link: https://www.econbiz.de/10014247939
Antitrust Division of the DOJ on 118 corporate participants of hard-core global cartels. Our behavioral model provides the first … direct test of the optimal deterrence theory of antitrust crimes. Regressions are fitted to a sample of the corporations that … clandestine cartels. We also find that fines complement other antitrust penalties: the number of months that a corporate defendant …
Persistent link: https://www.econbiz.de/10013085647