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On the desirability of an efficiency defense in merger control
Lagerlöf, Johan; Heidhues, Paul - 2002
antitrust authority. Although the information improves upon the quality of the authority's decision, the influence activities … institution and provide conditions under which an efficiency defense is desirable. We also discuss the implications for antitrust …
Persistent link: https://www.econbiz.de/10010278055
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On the Desirability of an Efficiency Defense in Merger Control
Heidhues, Paul; Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2003
antitrust authority. Although the information improves upon the quality of the authority’s decision, the influence activities … institution and provide conditions under which an efficiency defense is desirable. We also discuss the implications for antitrust …
Persistent link: https://www.econbiz.de/10005067524
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On the Desirability of an Efficiency Defense in Merger Control
Lagerlöf, Johan; Heidhues, Paul - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2002
antitrust authority. Although the information improves upon the quality of the authority's decision, the influence activities … institution and provide conditions under which an efficiency defense is desirable. We also discuss the implications for antitrust …
Persistent link: https://www.econbiz.de/10005612420
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The brave new world of digital personal assistants: Benefits and challenges from an economic perspective
Budzinski, Oliver; Noskova, Victoriia; Zhang, Xijie - 2018
The paper applies economic theories to give an overview of the emerging phenomenon of digital personal assistants (DPAs). A DPA is an intelligent automated system that interacts with the user through a dialogue in natural language, and meanwhile applying third-party services to obtain...
Persistent link: https://www.econbiz.de/10011951849
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The brave new world of digital personal assistants: benefits and challenges from an economic perspective
Budzinski, Oliver; Noskova, Victoriia; Zhang, Xijie - 2018
The paper applies economic theories to give an overview of the emerging phenomenon of digital personal assistants (DPAs). A DPA is an intelligent automated system that interacts with the user through a dialogue in natural language, and meanwhile applying third-party services to obtain...
Persistent link: https://www.econbiz.de/10011949060
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Political Influence on Brazilian Antitrust Enforcement
Guerra Filho, Arthur - 2020
antitrust enforcement? By analyzing the responses given to a questionnaire of mine by anonymous former Cade commissioners, as …
Persistent link: https://www.econbiz.de/10014093264
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Contractual signaling, relationship-specific investment and exclusive agreements
Vasconcelos, Luís - In: Games and Economic Behavior 87 (2014) C, pp. 19-33
I analyze a model of hold-up with asymmetric information at the contracting stage. The asymmetry of information concerns the value of trade with external parties. I show that contractual signaling and efficiency of investment can conflict if only quantity is contractible. This conflict generates...
Persistent link: https://www.econbiz.de/10011049874
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How To Avoid Awarding a Valuable Asset
Bucovetsky, Sam; Glazer, Amihai - Department of Economics, University of California-Irvine - 2006
several mechanisms which are efficient, or nearly so. We also show that rent seeking, and lobbying, rather than merely wasting …
Persistent link: https://www.econbiz.de/10004970927
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Capture, Politics and Antitrust Effectiveness
Ciciretti, Rocco; Meraglia, Simone; Piga, Gustavo - Centro di Studi Internazionali Sull'Economia e la … - 2011
evidence on the Industry's behavior. The Industry can capture both the Principal (lobbying) for a reduced budget, and the … Principal's desired level of information gathering. Finally, a complementarity between lobbying of the Principal and capture of …
Persistent link: https://www.econbiz.de/10009205069
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A Theory of Rent Seeking with Informational Foundations
Lagerlöf, Johan N.M. - Department of Economics, Royal Holloway University of London - 2006
I develop a model of rent seeking with informational foundations and an arbitrary number of rent seekers, and I compare the results with Tullock's (1980) classic model where the influence activities are "black-boxed." Given the microfoundations, the welfare consequences of rent seeking can be...
Persistent link: https://www.econbiz.de/10005677854