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This study investigates when a cartel that uses a sales quota allocation scheme monitors more frequently than it enforces; for example, monitoring of sales is done on a weekly basis but firms are only required to comply with sales quotas on a quarterly basis. In a simple three-period quantity...
Persistent link: https://www.econbiz.de/10011122737
Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has significantly decreased cartel activity. We develop a classroom experiment that captures key features of leniency programs. Our treatments include an exploitable and a non-exploitable...
Persistent link: https://www.econbiz.de/10011122738
The aim of this paper is to present legal and economic aspects of granting state aid for research, development and innovation activities of enterprises in the European Union. The principles on acceptability of state aid in the light of the EU competition policy were discussed. The analysis...
Persistent link: https://www.econbiz.de/10011123230
The study is devoted to the ordoliberal concepts of economic order based on competition. Firstly the historical background of ordoliberal economic thought is sketched and the views of the most important authors on mechanism of competition and its institutional foundations are introduced. Next...
Persistent link: https://www.econbiz.de/10011123268
Ordoliberal doctrine and its recommendations on competition policy is an original German contribution to the development of economics and law. This theory has had an enormous impact on the development of German anti-trust legislation, and also contributed to the Treaties of Rome, including EU...
Persistent link: https://www.econbiz.de/10011123289
) of 4.5 percent. Dass zwischen der Qualität der Wettbewerbspolitik und dem Produktivitätswachstum eines Landes ein … entwickelt, das sie Güte der Wettbewerbspolitik messbar macht und es ermöglicht, die Auswirkungen der Wettbewerbspolitik auf das … Produktivitätswachstum zu beobachten. Die Studie zeigt: Verbessert sich die Wettbewerbspolitik gemessen an den hier genutzten Indikatoren um …
Persistent link: https://www.econbiz.de/10011128689
Unexpected problems sometimes arise when governments attempt to introduce competition. The problem considered herein is market power and its exercise during the California electricity crisis of 2000–2001. In introducing competition, both transitional and long-run opportunities for firms...
Persistent link: https://www.econbiz.de/10011130290
This paper was prepared as a companion to the Mattioli Lectures delivered by Hal R. Varian, “Economics of Information Technology,†available at: http://www.sims.berkeley.edu/~hal/Papers/mattioli/mattioli.pdf. Professor Varian’s overview analyzes a variety of competitive...
Persistent link: https://www.econbiz.de/10011131688
We analyze the trade-off faced by authorities envisaging a one-shot structural re-form in a capitalistic industry. A structure is modeled as (1) a sharing of productive capital at some time and (2) a sharing of scarce sites or any other non-reproducible assets. These two distinct dimensions of...
Persistent link: https://www.econbiz.de/10011073956
We empirically investigate determinants of self-reporting under the European corporate leniency program. Applying a data set consisting of 442 firm groups that participated in 76 cartels decided by the European Commission between 2000 and 2011, we find that the probability of a firm becoming the...
Persistent link: https://www.econbiz.de/10011076299