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through price leadership, a form of inter-firm coordination that has been explicitly granted an exemption from antitrust … downstream firms through a variety of legal mechanisms that have also been exempted from antitrust enforcement. Attempts to …
Persistent link: https://www.econbiz.de/10013227118
In December 2020, the Digital Markets Act (“DMA”) was proposed. It was prepared by the European Commission (“EC”) following several years of work. The DMA attempts to improve “fairness” and contestability” in the digital sector. The DMA acknowledges that some companies designated...
Persistent link: https://www.econbiz.de/10013228370
Persistent link: https://www.econbiz.de/10013111581
The paper discusses the role of the concept of special and differential treatment in the framework of regional trade agreements for the development of a competition regime. After a discussion of the main characteristics and possible shortfalls of those concepts, three case countries are assessed...
Persistent link: https://www.econbiz.de/10005426805
being detected, then a higher general punishment level can increase the crime level. In the context of antitrust enforcement …, the model shows that competition authorities who attempt to fight cartels by means of tougher sanctions for all offenders … may actually lead cartels to increase their overcharge when leniency programs are in place. …
Persistent link: https://www.econbiz.de/10010818661
The purpose of this paper is the following: firstly, to chart how much economic reform of CEE electricity industries has taken place to date; secondly, to discuss why progress has been so limited; and, thirdly, to consider the prospects over the next few years. In charting the economic progress to...
Persistent link: https://www.econbiz.de/10005518436
I discuss the design and implementation of a SSNIP test in order to identify the relevant market in a media market. I argue that in such a two-sided market the traditional SSNIP test cannot be applied as it is usually conceived but rather should be modified in order to take into account indirect...
Persistent link: https://www.econbiz.de/10005622724
The study analyzes the impact of European antitrust enforcement on industry performance measured as competition … productivity. However, the impact di ffers with the anticompetitive economic conduct. Cartels behave as theoretically predicted …, with positive and negative effi ciency eff ects of antitrust enforcement depending on the exclusivity of the vertical …
Persistent link: https://www.econbiz.de/10010985993
The objective of this Paper is to investigate the determinants of EU merger control decisions. We consider a sample of 164 EU merger control decisions and evaluate the anti-competitive consequences of these mergers from the reaction of the stock market price of competitors to the merging firms....
Persistent link: https://www.econbiz.de/10005656448
Although economists usually support the unrestricted entry of firms into an industry, entry may lower welfare if there are setup costs or if entrants have a cost disadvantage. We consider the welfare effects of entry within a standard Cornot model where some of an incumbent firm's costs are sunk.
Persistent link: https://www.econbiz.de/10005661150