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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
Persistent link: https://www.econbiz.de/10011980058
Public and private action against cartels is an internationally recognized cornerstone of antitrust enforcement …
Persistent link: https://www.econbiz.de/10010233583
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
Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase … efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in … upstream cartelists who do not monopolize the market increase consumer prices. Suppliers of cartelists can be worse off when …
Persistent link: https://www.econbiz.de/10010194468
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
Intellectual property rights and competition policy are intimately related. In this paper I survey the economic literature analyzing the interaction between intellectual property law and competition law and how the boundary between these two policies is drawn in practice. Recognizing that...
Persistent link: https://www.econbiz.de/10010320154
This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an oligopoly model with an 'endogenous valuations' auction model. Thereby, I take into account that, in an oligopoly, a firm's willingness to pay for the assets depends on the...
Persistent link: https://www.econbiz.de/10010334704
divestitures on German wholesale electricity prices. Our identification strategy is based on the observation that energy suppliers …
Persistent link: https://www.econbiz.de/10011722703