Based on a sample of 64 cartels convicted by the European Commission from 1975 to 2009 and a methodology allowing to estimate restitution and dissuasive fines to be imposed on cartels from microeconomic variables on a case by case basis, this paper compares the level of fines actually inflicted...

In 1991, Bryant and Eckard estimated the annual probability that a cartel would be detected by the US Federal authorities, conditional on being detected, to be at most between 13% and 17%. In this paper, we develop a general stochastic detection model so as to describe the dynamic that governs...

While consumers worry about their standard of living, the recent publication of the Beigbeder report on the low cost model draws our attention. The report proposes to use this economic model as a means for reducing prices and thus to increase purchasing power. For any competition specialist,...

The aim of this thesis is to examine the competition patterns that exist between originators and generics by focusing on the articulations between regulation and incentives to innovate. Once the characteristics of regulation in pharmaceutical markets is reviewed in the first chapter and an...

This paper aims at evaluating the scope of the bargaining power theory which considers direct investment restrictions—particularly regarding capital ownership—as the result of a bargaining process between the MNE and the host country. Three points are specifically studied: the conflict...