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orientation. Individuals who are rivalistic in an allocation task indeed bid more aggressively in a laboratory oligopoly market …
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challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
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In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
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competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical … operators in Slovakia was selected as a real market case with accessible data on an oligopoly with three companies and partial …
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