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How should multilateral trade policy be designed in a world in which countries differ in terms of market access and technology, and firms with market power differ in terms of productivity? We answer this question in a model of monopolistic competition in which variable markups increasing in firm...
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Using a sample of modern international cartels, we analyze the level and determinants of cartel sanctions imposed on … gains from collusive conduct outweigh its costs represented by cartel sanctions. While the average (median) overcharge … characterizing the analyzed sample is 27.8% (27.0%) of affected sales, the average (median) cartel fine is 10.2% (2.1%) of the volume …
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between competition and cartel. Therefore, we implement the Kolmogorov-Smirnov test. According to our results, 8 out of 10 … antitrust screening and regulatory purposes. -- Cartel detection ; collusion ; competition policy …
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to decline as antitrust enforcement regimes had become stricter. As predicted by cartel theory, market structure is an …Using the overcharge estimates for 406 cartel episodes, I evaluate the impact of cartel characteristics and market … overcharges. If a leading firm has a high market share, the overcharges tend to decrease. As the number of cartel participants …
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