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There is ongoing controversy over the proper antitrust decision process that regulatory commissions and the courts should use to evaluate various restraints. This controversy entails the question of whether to analyze conduct under a per se rule, the classical rule of reason, the quick look, the...
Persistent link: https://www.econbiz.de/10014208794
This paper identifies and then quantifies econometrically the impact of leniency programs on the perception of the effectiveness of antitrust policies in the business community using panel data for as much as 59 countries and 14-year span. We use the dynamics of the gradual diffusion of leniency...
Persistent link: https://www.econbiz.de/10014173671
This paper presents empirical evidence regarding the effect of simultaneous antitrust and trade policy on productivity. We find that treating antitrust across countries as an exogenous policy overestimates the impact of competition on productivity by as much as 18%
Persistent link: https://www.econbiz.de/10014068539
Classical approaches to the law, even statutory law, teach that its purpose is to codify behavioral rules creating clear expectations about the consequences of human interactions. Stability and predictability are the rule of law’s hallmarks. The present essay explores those principles within...
Persistent link: https://www.econbiz.de/10013323244
This study aims at evaluating the causal effect of belonging to a cartel on firms’ profits. Using a dataset of discovered cartel cases in Spain (1990 -2014) and a dataset of firms’ balance sheets, a treatment and a control group can be distinguished. After constructing a sample of comparable...
Persistent link: https://www.econbiz.de/10014235462
This paper presents empirical evidence regarding the effect of simultaneous antitrust and trade policy on productivity. We find that treating antitrust across countries as an exogenous policy overestimates the impact of competition on productivity by as much as 18%
Persistent link: https://www.econbiz.de/10014055477
The theory of competitive balance represents one of the core concepts of sports economics. Based upon an international research project analyzing the perception of competitive balance by consumers (Pawlowski 2013a, 2013b; Pawlowski & Budzinski 2013, 2014), we argue in this paper that behavioural...
Persistent link: https://www.econbiz.de/10010406973
This paper explores the origin and development of the "consumer choice" paradigm as the core concept of German ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often identified exclusively with the learning of the...
Persistent link: https://www.econbiz.de/10010255374
mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a … regulated public utility. This is the main reason why in practice the simple $RPI - X$ regulation prevails. Finally, in this …
Persistent link: https://www.econbiz.de/10011539949
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371