1. The regulatory environment : antitrust law and enforcement in the US and the EU -- 2. Oligopoly markets, collusion, and the operation of cartels -- 3. The historical background -- 4. Globalization and corporate collusion -- 5. Collusion in the industrialized world : the structure of the...

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...