This paper analyzes price competition in a duopoly a la H. Hotelling in which perfectly and different types of imperfectly informed consumers coexist. If some consumers don't observe prices, the equilibrium price tends to rise above the full information level; moreover, price dispersion can...

New technologies are deeply transforming the broadcasting industry. What we have seen so far is only the beginning of a long story. Inevitably, industry regulations must adapt, which means that a wide-ranging rethink of current practices is required. In order to assess the likely evolution of...

This report argues in favour of an economics-based approach to Article 82, in a way similar to the reform of Article 81 and merger control. In particular, we support an effects-based rather than a form-based approach to competition policy. Such an approach focuses on the presence of...

We study the interaction between a ?rm that invests in research and, if successful, undertakes a practice to exploit the innovation, and an enforcer that sets legal standards, ?nes and accuracy. In innovative industries deterrence on actions interacts with deterrence on research. A per-se...

A dominant firm undertakes a given business practice that is regulated by an antitrust enforcer by the choice of a legal standard, fines and accuracy. In traditional industries the incumbent and technology are already established, while in innovative industries the successful innovator becomes...

In questo lavoro vengono affrontati in una prospettiva di "Law and Economics" alcuni temi relativi al disegno ottimale delle politiche di tutela della concorrenza. L'intervento antitrust, come la regolamentazione, trae motivo ispiratore dal manifestarsi del potere di mercato, ma, a differenza di...

When firms' research can lead to potentially harmful innovations, public intervention may thwart their incentives to undertake research by reducing its expected profitability (average deterrence) and may guide the use of innovation (marginal deterrence). We compare four policy regimes: laissez...