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National vs. international welfare effects of horizontal mergers

Hott, Christian - 2001

Empirical evidence suggests that many mergers do not increase profits of the participating firms and decrease welfare. Due to the globalization of markets we should take an international view on mergers and their welfare effects. This paper develops a Bertrand-model of an international...

Persistent link: https://www.econbiz.de/10010507750

Customer recognition and competition

Shy, Oz; Stenbacka, Rune - 2011

We introduce three types of consumer recognition: identity recognition, asymmetric preference recognition, and symmetric preference recognition. We characterize price equilibria and compare profits, consumer surplus, and total welfare. Asymmetric preference recognition enhances profits compared...

Persistent link: https://www.econbiz.de/10009232398

The economics of books

Canoy, Marcel F. M.; van Ours, Jan C.; van der Ploeg, … - 2005

The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...

Persistent link: https://www.econbiz.de/10010261147

Crisis Cartels : For Better or for Worse?

Vitzilaiou, Lia - 2011

strictly antitrust considerations and non-economic government objectives, such as social welfare and survival of entire market …

Persistent link: https://www.econbiz.de/10013127799

Interlocking Directorships and Cross-Shareholdings Among the Italian Blue Chips

Drago, Carlo - 2011

enlarged collusion, that is, collusion established through board interlocks among companies that do not necessarily operate in … entire network of interlocking directorates among the same Blue Chips. We find that in 1998 enlarged collusion only takes … hypothesis that in Italy this form of collusion is functional to shareholder expropriation. In addition, we find that in 2008 new …

Persistent link: https://www.econbiz.de/10013127863

Why Copperweld Was Actually Kind of Dumb : Sound, Fury, and the Once and Still Missing Antitrust Theory of the Firm?

Sagers, Chris - 2011

Since even before Copperweld Corp. v. Independence Tube Corp., 467 U.S. 752 (1984), it has been thought that antitrust …. Not only is that sense mistaken, it is emblematic of the deep misdirection of contemporary antitrust. It shows just how … far antitrust has forgotten that it is a law, a practical tool to implement policy choices made through our system of …

Persistent link: https://www.econbiz.de/10013129286

Third Party Access and Refusal to Deal : How Sector Regulation and Competition Law Meet Each Other

Diathesopoulos, Michael D. - 2010

In this paper, we will analyse further the issue of concurrence between competition and sector rules and the relation between parallel concepts within the two different legal frameworks. We will firstly examine Third Party Access in relation to essential facilities doctrine and refusal of access...

Persistent link: https://www.econbiz.de/10013134857

European Cartel Fines Under the 2006 Penalty Guidelines - A Statistical Analysis

Veljanovski, Cento - 2010

This paper undertakes a statistical analysis of the fines imposed on 168 firms in 22 cartels prosecuted by European Commission under the 2006 Penalty Guidelines, leniency notice, settlement process, and the courts on appeals over the period 2007 to 2010. It looks closely at how the Commission...

Persistent link: https://www.econbiz.de/10013135195

The Price Effects of Using Firewalls as an Antitrust Remedy

Thomas, Charles J. - 2010

Antitrust authorities have imposed firewalls between the previously separate divisions of newly vertically integrated … competition. This paper evaluates a specific antitrust concern by modeling the price effect of one seller learning its rival …

Persistent link: https://www.econbiz.de/10013139815

Credit Card Reform and Bankruptcy Reform

Simkovic, Michael - 2012

Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may...

Persistent link: https://www.econbiz.de/10013116346