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In this paper, we firstly revise the main technological solutions for ultra‐fast broadband connections and summarize the main economic literature (both theoretical and empirical) on the role of regulation to support infrastructure investment in broadband networks. We then move to the core of...
Persistent link: https://www.econbiz.de/10012998853
We study the enforcement of competition policy against collusion under Leniency Programs, which give reduced fines to firms revealing information to the Antitrust Authority. Such programs give firms an incentive to break collusion, but may also have a pro-collusive effect, since they decrease...
Persistent link: https://www.econbiz.de/10014192588
We analyze the relation between the intensity of electoral competition and the dissipation of political rents. In a model with perfectly informed and heterogeneous voters, two candidates commit to electoral platforms under a majority voting and winner-takes-all rule. If the proposed tax revenues...
Persistent link: https://www.econbiz.de/10014206040
There exists a continuum of prices between Bertrand and joint-profit maximization prices which can be interpreted as the outcome of a two-stage game where firms first invest to increase product differentiation and then compete in prices. The lower the costs of differentiating their products from...
Persistent link: https://www.econbiz.de/10014212481
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...
Persistent link: https://www.econbiz.de/10014060320
We propose a general formal structure for symmetric information delegation games that encompasses many existing economic applications in the fields of oligopoly theory, the theory of the firm, strategic trade policy and international political economy. We prove that all individually rational...
Persistent link: https://www.econbiz.de/10014061811