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Multisided markets and platform dominance

Alleman, James H.; Baranes, Edmond; Rappoport, Paul N. - 2019

definition of markets is central to the legal enforcement of antitrust statutes, the paper examines non-transactional multisided …

Persistent link: https://www.econbiz.de/10012151937

Bork's hoax : antitrust and the internet market

Alleman, James H. - 2021

Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His … it to the other side of the market and eliminating producer's surplus - that much needed antitrust action has been … ignored by this narrow criterion. This analysis indicates that antitrust action is long overdue after considering two …

Persistent link: https://www.econbiz.de/10012804859

Third-degree price discrimination in oligopoly when markets are covered

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...

Persistent link: https://www.econbiz.de/10013326514

Optimal destabilization of cartels

Auer, Ludwig von; Tu Anh Pham - 2020

A model-based derivation of an effective antitrust policy requires an economic framework that includes three actors: a … cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel … residual demand. Taking into account that the antitrust policy instruments (effort, fine, and leniency program) are not …

Persistent link: https://www.econbiz.de/10012425162

Why abandoning the paradise? : stations incentives to reduce gasoline prices at first

Thomas, Wein, - 2021

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the well-known Edgeworth cycles. The prices go up strongly in the late evening or in the middle of the night, fall relatively heavily in the early morning and then go up and down...

Persistent link: https://www.econbiz.de/10013326527

Endogenous choice of minority shareholdings : effects on product market competition

Haas, Samuel de - 2019

Non-controlling minority shareholdings in rivals (NCMS) lower the sustainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes firms' choice of...

Persistent link: https://www.econbiz.de/10012287557

Anchoring, reference prices, and list price collusion

Paha, Johannes - 2019

The firms in this model set non-binding list prices before competing for buyers by non-cooperatively granting discounts. Each firm has an incentive to set a high list price if, for example, the customers anchor their willingness-to-pay on the list price. However, list price competition occurs if...

Persistent link: https://www.econbiz.de/10012314193

Multi-product pricing and minimum resale price maintenance

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

We provide a novel explanation for why manufacturers want to enforce a minimum resale price (min RPM) on retailers. A manufacturer sells her good via a multi-product retailer to final consumers by charging a linear wholesale price. The manufacturer then maximizes her profit through min RPM...

Persistent link: https://www.econbiz.de/10013328108

Hello... are you still there? : an empirical analysis of how market structure affects the quality of mobile networks

Wellmann, Nicolas - 2019

For the ongoing and upcoming auctioning of 5G spectrum an important question is, what drives network quality in mobile markets? When comparing the provided mobile network quality between various EU countries considerable differences between these markets become apparent, which cannot be solely...

Persistent link: https://www.econbiz.de/10012289373

How do sanctions work? : the choice between cartel formation and tacit collusion

Andres, Maximilian; Bruttel, Lisa Verena; Friedrichsen, Jana - 2021

This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat communication into topics, we find that firms are less...

Persistent link: https://www.econbiz.de/10013332300