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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 … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10010538399
Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to … clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust … just as relevant for antitrust analysis as the direct cost of a machine or a factory. …
Persistent link: https://www.econbiz.de/10005574714
the antitrust discourse. The current competition and antitrust policy topics that are addressed include the as …-efficient-competitor-test in abuse control, the regulation of systemic market power in digital ecosystems, antitrust interventions based on … proactive sector/industry investigations as well es merger control in relation to non-horizontal mergers and acquisitions. …
Persistent link: https://www.econbiz.de/10014547794
the antitrust discourse. The current competition and antitrust policy topics that are addressed include the as …-efficient-competitor-test in abuse control, the regulation of systemic market power in digital ecosystems, antitrust interventions based on … proactive sector/industry investigations as well es merger control in relation to non-horizontal mergers and acquisitions. …
Persistent link: https://www.econbiz.de/10014538807
Persistent link: https://www.econbiz.de/10011488280
Persistent link: https://www.econbiz.de/10011488293
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10013503368
Persistent link: https://www.econbiz.de/10012040123
Persistent link: https://www.econbiz.de/10012021918
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