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A global trend towards the criminalisation of cartel activity can be detected at present. What was once primarily a US phenomenon has become an international one, with countries as diverse as Israel, Brazil, and Australia pursuing a policy of cartel criminalization. The existence of criminal...
Persistent link: https://www.econbiz.de/10013243698
In 1991, the Antitrust Division sued MIT and the eight schools in the Ivy League under Section 1 of the Sherman Act for engaging in a conspiracy to fix the prices that students pay. The Antitrust Division claimed that the schools conspired on financial aid policies in an effort to reduce aid and...
Persistent link: https://www.econbiz.de/10013244870
Competition Law is mainly concerned with promoting consumer welfare. Competition Law aims at encouraging competition by prohibiting anti-competitive trade practices. The Competition and Fair-Trading Act prohibits certain horizontal practices i.e., certain arrangements or agreements between firms...
Persistent link: https://www.econbiz.de/10013245432
lowering the prices they offer to customers. These mechanisms create much greater scope for collusion than economic models … unconcentrated the industry becomes. In some instances, lower market concentration makes collusion easier; smaller firms may be more … dependent on collaboration with rivals and thus may be easier to punish if they undercut collusion. These results run directly …
Persistent link: https://www.econbiz.de/10013245478
We study the question of whether there exist strategies whereby countries are able to sustain a cartel or collusive behavior when bargaining with a bank over the amount of debt to be repaid. We show that despite the existence of economies to scale in bargaining--if commitment were possible the...
Persistent link: https://www.econbiz.de/10013246071
The notion of collusion is commonly understood as serving a jurisdictional function, determining the scope of Article … argues that there is no such limit insofar as the classification as a particular form of collusion is irrelevant. Collusion … infringement of contributing to common objectives and knowledge of the conduct of the parties. The study also argues that collusion …
Persistent link: https://www.econbiz.de/10013246158
The central objective of this paper is to show how vertical restraints, which affect intra-brand competition, can and will be used as an effective mechanism for reducing inter-brand competition and increasing producer profits. We show how exclusive territories alter the perceived demand curve,...
Persistent link: https://www.econbiz.de/10013247202
A major challenge to social theory is to explain the pattern of government intervention in the market - what we may call "economic regulation." Properly defined, the term refers to taxes and subsidies of all sorts as well as to explicit legislative and administrative controls over rates, entry,...
Persistent link: https://www.econbiz.de/10013247428
further involved in collusion by suggesting bidders that a particular company should win a contract and require bidders to … collusion and corruption is likely and what motivates a procurement official to get involved in collusion. The paper presents … resolving the confluence of collusion and corruption in Japan …
Persistent link: https://www.econbiz.de/10013247969
In this paper we analyse so-called ‘killer acquisitions’ and other detrimental collaborations. Firstly, by analysing economic doctrine. Secondly, by looking at the practice in the human medicine industry. Thirdly, we analysed the merger rules, and whether they can identify and catch the...
Persistent link: https://www.econbiz.de/10013248746