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In this report, the first in a series of reports on EU state aid, Mason provides background on state aid law as it applies to income taxes, including the legal standard, recovery mechanism, and case selection by the Commission
Persistent link: https://www.econbiz.de/10012962503
This document (of 193 pages) comprises the proceedings of an OECD roundtable on subsidies, state aid and competition …. Competition policy naturally extends, therefore, to policies designed to control subsidies. But what exactly is a subsidy … of public goods) can affect competition between firms. Which of these interventions should count as subsidies? Short of a …
Persistent link: https://www.econbiz.de/10014113622
Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this provocative statement as an introduction to an economic concept with critical implications for the antitrust enterprise: the multi-dimensional nature of competition. Competition...
Persistent link: https://www.econbiz.de/10014046270
This essay is the introduction to a forthcoming volume entitled, Regulating Innovation: Competition Policy and Patent Law Under Uncertainty (Cambridge U. Press 2009 forthcoming). In addition to introducing all of the papers in the volume, this essay introduces the organizing themes of the...
Persistent link: https://www.econbiz.de/10014046279
Every year thousands of firms are engaged in research joint ventures (RJV), where all knowledge gained through R&D is shared among members. Most of the empirical literature assumes members are non-cooperative in the product market. But many RJV members are rivals leaving open the possibility...
Persistent link: https://www.econbiz.de/10014216431
The Austrian Federal Competition Authority (AFCA) invited comment on its draft guidelines for exempting “sustainability agreements” from condemnation under Austrian competition law. That law recently changed, allowing a specific exemption for otherwise anticompetitive horizontal agreements...
Persistent link: https://www.econbiz.de/10014081835
Taking a dynamic and reflexive perspective on the interaction between technology, law and economics, the study focuses on the role of competition in shaping the economic, but also regulatory, eco-system in which blockchain technology becomes embedded. There is the promise that the technology and...
Persistent link: https://www.econbiz.de/10014111108
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968051
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968865
This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal can stop the contest in any period, (ii) a constant...
Persistent link: https://www.econbiz.de/10012902876