Disruptive technologies and business models profoundly affect existing markets. The most visible recent examples are Internet-based "sharing services" that are disrupting conventional taxi and hotel markets, but there are many others in diverse areas such as finance, retail electricity and...

This working paper forms part of South Africa's contributions to the BRICS Joint Working Group on Food and Agro-processing's overarching report on ‘The Global Food Value Chain and Competition Law and Policy in BRICS countries'. Constituted by the competition authorities of the BRICS countries,...

A fallacy lies at the core of modern antitrust. The ascendance of the consumer welfare standard is a story often told. Yet existing narratives overlook the pivotal role that output has played--and continues to play--in shaping the contemporary antitrust enterprise. That role has gone unnoticed...

I propose an economic framework for analyzing innovation effects of nascent competitor acquisitions. The framework identifies nine factors as key determinants of innovation effects. These factors are: replacement, nascent market size, synergies, appropriability, nascent market competition,...

It’s been a long-standing assumption that Irish manufacturing firms are price takers in their output markets. This assumption has been validated by several aggregate level studies. While a much smaller number of studies have examined this issue at a more disaggregated level, they tend to...

When Apple entered the ebook market, prices rose. A recent court decision found Apple guilty of colluding with publishers, blaming the price hike, in part, on agency agreements and prohibiting their use. Building a model to compare these with traditional wholesale agreements, we identify a...

This paper analyses how governments can introduce more competition in the pharmaceutical sector. Considering it involves harmonizing issues such as incentives to innovate and perform research and development (R&D), Intellectual Property (IP) rights, healthcare policy and public budget concerns,...

“Free” products have exploded in popularity along with widespread Internet adoption—but many of them are not truly free. Customers often trade their attention or personal information to access zero-price products. This exchange dynamic brings zero-price markets within the scope of...

This paper develops a model of competition among multiproduct retailers that is consistent with observed pricing regularities, e.g., virtually all products have large mass points in their price distributions and most deviations fall below the mass point. The basis of the model is that, because...

We analyze the optimal antitrust enforcement against collusion under asymmetric information with a continuum of types. We focus on prudential deterrence, by imposing that expected fines cannot induce losses even off the equilibrium path. Due to incentive compatibility, efficient cartels enjoy...