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Rising markups, common ownership, and technological capacities

Gibbon, Alexandra J.; Schain, Jan Philip - 2020

This paper analyses the impact of common ownership on markups and innovation and adds to the discussion of the recently observed patterns of a long term rise in market power. We shed light on the inconclusiveness of results regarding the effects of common ownership on markups in the existing...

Persistent link: https://www.econbiz.de/10012224881

The draft for the 10th amendment of German competition law: towards a new concept of "Outstanding relevance across markets"?

Budzinski, Oliver; Gänßle, Sophia; Stöhr, Annika - 2020

The ministerial proposal for a 10th amendment of the German competition law particularly addresses abuse control and seeks to tighten this pillar of competition policy against the background of the challenges from the digital economy. Next to extending the classic policy instruments of abuse...

Persistent link: https://www.econbiz.de/10012229920

On the profitability of cross-ownership in Cournot oligopolies : stock sizes matter

Benchekroun, Hassan; Dai, Miao; Long, Ngo Van - 2020

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an equal silent financial interest in the other firms,...

Persistent link: https://www.econbiz.de/10012263696

The application of competition policy vis-à-vis intellectual property rights : the evolution of thought underlying policy change

Anderson, Robert D.; Kovacic, William E. - 2017 - Manuscript date: 6 September 2017

This paper examines the evolution of national competition (antitrust) policies and enforcement approaches vis …

Persistent link: https://www.econbiz.de/10011723874

Happily ever after? - vertical and horizontal mergers in the U.S. media industry

Stöhr, Annika; Noskova, Victoriia; Kunz-Kaltenhäuser, … - 2019

? (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

Optimal destabilization of cartels

Auer, Ludwig von; Tu Anh Pham - 2019

The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to … competition with respect to the residual demand. The antitrust authority decides on its own investigative effort and on the size … implemented. Our framework takes into account that these antitrust policy instruments are not costless for society. Our model …

Persistent link: https://www.econbiz.de/10012012419

Competition agency guidelines and policy initiatives regarding the application of competition law vis-à-vis intellectual property : an analysis of jurisdictional approaches and eme...

Anderson, Robert D.; Chen, Jianning; Müller, Anna Caroline - 2018 - Manuscript date: 4 March 2018

Competition agency guidelines, policy statements and related advocacy are an important vehicle for policy expression and the guidance of firms across the full spectrum of anti-competitive practices and market conduct. The role of guidelines and policy statements has, arguably, been particularly...

Persistent link: https://www.econbiz.de/10011810287

Price-fixing policy

Kaplow, Louis - 2018

The prohibition against price fixing is competition law’s most important and least controversial provision. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings cannot be reconciled with principles of oligopoly theory. This article...

Persistent link: https://www.econbiz.de/10011810824

The strategic interplay between bundling and merging in complementary markets

Mantovani, Andrea; Vandekerckhove, Jan - 2012

In this paper, two pairs of complementors have to decide whether to merge and eventually bundle their products. Depending on the degree of competitive pressure in the market, either both pairs decide to merge (with or without bundling), or only one pair merges and bundles, while rivals remain...

Persistent link: https://www.econbiz.de/10011731257

Optimal destabilization of cartels

Auer, Ludwig von; Tu Anh Pham - 2020

A model-based derivation of an effective antitrust policy requires an economic framework that includes three actors: a … cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel … residual demand. Taking into account that the antitrust policy instruments (effort, fine, and leniency program) are not …

Persistent link: https://www.econbiz.de/10012425162