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The Great Reversal is a pleasure to read because of its original arguments and thorough reasoning by a very able economist. Thomas Phillippon analyses the state of competition in the US and Europe, respectively, very convincingly. His main finding is that the intensity of competition has...
Persistent link: https://www.econbiz.de/10014262883
One of the most interesting and challenging phenomena of our information age is the rapid and significant change that takes place in high-technology industries. This change is shaking some of our assumptions regarding the role of technology (e.g., endogenous or exogenous), productions methods...
Persistent link: https://www.econbiz.de/10014167656
Consumer Antitrust Studies at Loyola University Chicago. All are short, none are deeply analytical. A couple of the books … discussed were published in 2008, but I did not get around to reviewing them until at least 2009. Review of notable antitrust … addresses different needs of the academic and practicing bar, and even includes a book or two of general interest to antitrust …
Persistent link: https://www.econbiz.de/10014188878
In December 2020, new regulation of digital markets was proposed by European Commission. It specifically addresses main concerns raised by business behavior of operators of core services in their gatekeeping positions. However, voice assistants (or digital personal assistants, DPAs, e.g. Apple's...
Persistent link: https://www.econbiz.de/10012795284
implicitly and explicitly), if at all, in such games. In our treatments without communication, players fail to cooperate and … essentially play the static Nash equilibrium (consistent with previous results). With communication, inefficient firms gain at the …
Persistent link: https://www.econbiz.de/10011929112
firms. Communication is often abused for explicit agreements and this strongly reduces competition. …
Persistent link: https://www.econbiz.de/10010426996
We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports fims in coordinating on collusive pricing schemes, and it is also used for conflict mediation. …
Persistent link: https://www.econbiz.de/10010310323
implicitly and explicitly), if at all, in such games. In our treatments without communication, players fail to cooperate and … essentially play the static Nash equilibrium (consistent with previous results). With communication, inefficient firms gain at the …
Persistent link: https://www.econbiz.de/10011929323
implicitly and explicitly), if at all, in such games. We find that, without communication, players fail to cooperate and … essentially play the static Nash equilibrium, confirming previous results. With communication, inefficient firms gain at the …
Persistent link: https://www.econbiz.de/10011802796
We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports fims in coordinating on collusive pricing schemes, and it is also used for conflict mediation. …
Persistent link: https://www.econbiz.de/10010956703