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This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10010300369
This paper studies competition in the German market for mobile telecommunications, motivated by recent suggestions that T-Mobile and Vodafone possess a position of collective dominance. Allegedly, their position of joint dominance is secured through a combination of first-mover advantages and...
Persistent link: https://www.econbiz.de/10010302570
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10010302708
This paper analyzes the effect of cooperation in manufacturing on firms' inclination to collude in the market. Compared to non-cooperation in manufacturing, coordination of the investments in production yields a higher competitive profit. If firms intensify cooperation and produce in a joint...
Persistent link: https://www.econbiz.de/10010305043
Dieser Beitrag zeigt, dass aktienkursabhängige Entlohnung bei korrelierter Nachfrageentwicklung die Neigung der Manager erhöht, eine implizite Preisabsprache einzuhalten. Die geringeren Gewinne in der Strafphase führen bereits in der Ausbruchsperiode zu einem niedrigeren Aktienkurs und damit...
Persistent link: https://www.econbiz.de/10010305065
This paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability. In contrast to its advantageous commitment value in short-run competition, leverage reduces profits from infinite interaction. Contrasting uncorrelated shocks with a cyclical...
Persistent link: https://www.econbiz.de/10010305086
Using a model with switching costs it is shown that firms may have an incentive to set up a new firm supplying to the same market under quite general conditions. The new firm attracts some market share of the founding firm. The start up firm is thus an act of cannibalization. Moreover, entry of...
Persistent link: https://www.econbiz.de/10010305760
, and cost asymmetries. Finally, in a dynamic extension of our model, we show how competition depends on agents' discount …
Persistent link: https://www.econbiz.de/10010305915
We analyse how national taxation of firms are likely to affect merger incentives in international markets. In particular, we ask whether non-coordinated trade policies stimulate cross-border mergers that are overall inefficient, and if this is then an argument for international coordination of...
Persistent link: https://www.econbiz.de/10010306974
analysis and investigates whether they operate efficiently. The CFD cartel-audit should enable the detection of cartels via … characteristic market process patterns. This is based on the assumption that existing cartels cause failures in observed process … patterns. The CFD cartel-audit attempts to draw conclusions from these patterns in order to find hidden cartels and to engage …
Persistent link: https://www.econbiz.de/10010307143