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Reverse privatization as a reaction to the competitive environment : evidence from solid waste collection in Germany

Demuth, Juri; Friederiszick, Hans; Reinhold, Steffen - 2018

After earlier waves of privatization, local governments have increasingly taken back control of local service provisions in some sectors and countries and, instead, started providing those services themselves (reverse privatization). Using a unique panel data set on the mode of service provision...

Persistent link: https://www.econbiz.de/10011824932

How antitrust enforcement can spur innovation : bell labs and the 1956 consent decree

Watzinger, Martin; Fackler, Thomas; Nagler, Markus; … - 2017

We study the 1956 consent decree against the Bell System to investigate whether patents held by a dominant firm are harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an antitrust lawsuit that charged Bell with having...

Persistent link: https://www.econbiz.de/10011610914

Policy innovations, political preferences, and cartel prosecutions

Ghosal, Vivek; Sokol, D. Daniel - 2015

While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period...

Persistent link: https://www.econbiz.de/10011346282

The sociology of cartels

Haucap, Justus; Heldman, Christina - 2022

Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate for years or even decades. While the literature has presented several determinants of cartel stability, the vast majority focuses on firms as entities, even though cartels are...

Persistent link: https://www.econbiz.de/10013362394

The inner workings of a hub-and-spoke cartel in the automotive fuel industry

Chaves, Daniel; Duarte, Marco - 2021

We analyze a hub-and-spoke cartel in the Brazilian automotive fuel industry. Using the court documents and detailed data on the supply chain we uncover three mechanisms beyond information sharing used by wholesalers (hub) to help retailers (spokes) solve the obstacles of price coordination:...

Persistent link: https://www.econbiz.de/10012705135

Collusion in the US generic drug industry

Clark, Robert; Fabiilli, Christopher Anthony; Lasio, Laura - 2021

We study cartels that operated in the US generic drug industry, leveraging quarterly Medicaid data from 2011-2018 and a difference-in-differences approach comparing the evolution of prices of allegedly collusive drugs with a group of competitive control drugs. Our analysis highlights (i) the...

Persistent link: https://www.econbiz.de/10012670921

Kartellrecht und Ökonomik: Institutions matter!

Budzinski, Oliver; Haucap, Justus - 2019

Der vorliegende Beitrag diskutiert die Schnittstelle zwischen Recht und Ökonomik in der Wettbewerbspolitik. Aus einer … Rahmen einer positiven Institutionenökonomik der Wettbewerbspolitik analysieren die Autoren informationsökonomische Aspekte … Kartellrechts diskutiert. Schließlich exploriert der Beitrag soziologische Aspekte der Wettbewerbspolitik, welche in der Literatur …

Persistent link: https://www.econbiz.de/10012035986

Political influence and merger antitrust reviews

Mehta, Mihir N.; Srinivasan, Suraj; Zhao, Wanli - 2019

Antitrust regulators play a critical role in protecting market competition. We examine whether the political process affects antitrust reviews of merger transactions. We find that acquirers and targets located in the political districts of powerful U.S. congressional members who serve on...

Persistent link: https://www.econbiz.de/10012064904

Rebating antitrust fines to encourage private damages actions

Emons, Winand; Lenhard, Severin - 2020 - Version: January 2020

To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from the fine. We analyze the effectiveness of this policy. Such a rebate does not encourage settlement negotiations that would otherwise not occur. If, however, the parties settle...

Persistent link: https://www.econbiz.de/10012159842

Market concentration in Europe : evidence from antitrust markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10012421242