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While private actions for damages by customers against price-cartels receive much attention, the treatment of other … groups affected by such conspiracies is largely unresolved. This article narrows the research gap with respect to suppliers … to a downstream price cartel. First, we show that such suppliers incur losses driven by a direct quantity, a price and a …
Persistent link: https://www.econbiz.de/10009787408
While private actions for damages by customers against price-cartels receive much attention, the treatment of other … groups affected by such conspiracies is largely unresolved. This article narrows the research gap with respect to suppliers … to a downstream price cartel. First, we show that such suppliers incur losses driven by a direct quantity, a price and a …
Persistent link: https://www.econbiz.de/10010228570
While private actions for damages against price-cartels by direct and indirect customers receive much attention, it is … probably the most important one: suppliers to a downstream sellers’ cartel. The paper shows graphically and analytically that … cartel suppliers are negatively affected by the conspiracy depending on three effects: a direct quantity, a price and a cost …
Persistent link: https://www.econbiz.de/10010468358
Persistent link: https://www.econbiz.de/10011980058
We provide a comprehensive quantitative assessment of cartels and the related cartel enforcement process in the …
Persistent link: https://www.econbiz.de/10011541082
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 …
Persistent link: https://www.econbiz.de/10012938866
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 …
Persistent link: https://www.econbiz.de/10012886259
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 area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
-2003, and 2004-2013. Our empirical estimates show significant variation in the number of cartels prosecuted and the penalties … imposed across the policy regimes. The more recent regimes are characterized by far fewer cartels prosecuted, but with … cartels to larger and multinational firms. In terms of political effects, our results reveal no clear inter-political party …
Persistent link: https://www.econbiz.de/10011346282
should consider mergers as potential ‘second-best’ alternative to cartels but also imply that resource (re)allocations in …
Persistent link: https://www.econbiz.de/10009751721