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The impact of cartelization on pricing dynamics : evidence from the German cement industry

Hüschelrath, Kai; Veith, Tobias - 2011

Although the pricing dynamics of hardcore cartels have been studied intensively from a theoretical perspective … increase profits. Our results have important implications for both the design of screening tools to detect cartels as part of … ; cartels ; umbrella pricing ; net prices ; cement ; screening ; damages …

Persistent link: https://www.econbiz.de/10009424160

Impact evaluation of merger decisions

Budzinski, Oliver - 2011

This paper provides a comparative analysis of methods for the empirical ex post evaluation of merger control decisions. It develops a competition-policy oriented framework of assessment criteria for the leading evaluation methods and applies them to structural modeling and simulation,...

Persistent link: https://www.econbiz.de/10009388226

Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets

Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013

Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...

Persistent link: https://www.econbiz.de/10009777055

Maverick : making sense of a conjecture of antitrust policy in the lab

Engel, Christoph; Ockenfels, Axel - 2013

. Yet we also observe that the suppliers' willingness to pay to buy the maverick out of the market is much smaller than the … the remaining competitor in terms of profits, which does not seem acceptable to most suppliers. …

Persistent link: https://www.econbiz.de/10009779217

Passive partial ownership, sneaky takeover, and merger control

Jovanovic, Dragan; Wey, Christian - 2013

We analyze horizontal mergers when the acquirer holds a passive partial ownership stake (PPO) in the target firm prior to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers. It follows that an antitrust authority ignoring existing...

Persistent link: https://www.econbiz.de/10009788178

Does state antitrust enforcement drive establishment exit?

Feinberg, Robert Mark; Husted, Thomas A.; Szuecs, Florian - 2013

Previous work has shown that state-level antitrust enforcement activity may have impacts on entry and relocation behavior by U.S. firms. Significant state-level antitrust activity may be an indicator of a perceived adverse business environment and it is found to deter establishment entry,...

Persistent link: https://www.econbiz.de/10010189931

Innovation markets, future Markets, or potential competition : how should competition authorities account for innovation competition in merger reviews?

Kern, Benjamin - 2014

The relevant competitors in regard to innovation might, but not necessarily do, correspond to the identified competitors on actual product markets. Hence, the conventional analysis of product markets, in order to assess the potential anticompetitive effects of mergers, is insufficient to capture...

Persistent link: https://www.econbiz.de/10010229899

Empirical analysis of the assessment of innovation effects in U.S. merger cases

Kern, Benjamin R.; Dewenter, Ralf; Kerber, Wolfgang - 2014

In this empirical study all mergers that have been challenged by the U.S. antitrust agencies FTC and DOJ between 1995 and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of mergers. Theoretical background is the still open question...

Persistent link: https://www.econbiz.de/10010404134

Are restrictions of competition by sports associations horizontal or vertical in nature?

Budzinski, Oliver; Szymanski, Stefan - 2014

In this paper, we discuss from an economic perspective two alternative views of restrictions of competition by sports associations. The horizontal approach views such restrictions as an agreement among the participants of a sports league with the sports association merely representing an...

Persistent link: https://www.econbiz.de/10010257231

An experimental contribution to the revision of the guidelines on research and development agreements

Engel, Christoph - 2010

The European Commission is working on a revision of its Guidelines on Research and Development Agreements. On this occasion, this note surveys the existing experimental evidence. Experiments add a number of additional arguments to the normative assessment. R&D agreements have a much smaller...

Persistent link: https://www.econbiz.de/10008779115