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good or service. Even if these firms are monopoly or oligopolies in their fields with huge economic rents, if they pass …
Persistent link: https://www.econbiz.de/10012804859
market, monopoly pricing is well defined - as well as tests for predatory behavior; not so with multisided markets. Since the … markets for their potential for determining consumers' harm and welfare effects, as well as defining monopoly and predatory …
Persistent link: https://www.econbiz.de/10012151937
likely are entry restrictions, whereas a greater relevance of firms makes a monopoly more probable. The nature of entry …
Persistent link: https://www.econbiz.de/10013257050
Complexity science is widely used across the policy spectrum but not in antitrust. This is unfortunate. Complexity science enables a rich understanding of competition beyond the simplistic descriptions of markets and firms proposed by neoclassical models and their contemporary neo-Brandeisian...
Persistent link: https://www.econbiz.de/10013296286
Allegations of market power in wholesale electricity sales are typically tested using price-cost margins. Such tests are inherently suspect in markets, such as electricity, subject to capacity constraints. In such markets, prices can vary with demand while quantity and thus cost measures remain...
Persistent link: https://www.econbiz.de/10014060636
The European Commission (EC) and the European Courts have being reaffirming in the Deutsche Telekom and Telefónica cases that guide-prices established by sector regulators upon electronic communications incumbents cannot per se exclude that conducts with anticompetitive foreclosure effects,...
Persistent link: https://www.econbiz.de/10013005613
The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and the long-term impact on competition in the...
Persistent link: https://www.econbiz.de/10010423531
In this article we chart the development of competition and deregulation of the British retail energy markets, explaining the evolution of competitive constraints when consumers are introduced to supplier choice for the first time. In the context of rising real energy prices for consumers, and...
Persistent link: https://www.econbiz.de/10014052667
feedback loops, rather than high and non-transitory barriers to entry, competition policy and regulation should avoid … undermining first-mover advantages through access regulation, as this is likely to result in trade-offs on innovation by all …
Persistent link: https://www.econbiz.de/10012828760