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appropriate levels to deter illegal price fixing cartels optimally. The authors analyze two data sets to determine how high on … average cartels raise prices. The first consists of every published scholarly economic study of the effects of cartels on … overcharges of 25% and 22%. They also report separate results for domestic cartels, international cartels, more recent cartels …
Persistent link: https://www.econbiz.de/10012728627
This paper reviews the legal and economic structure of the class action litigation model in the United States, as set forth by rule 23 of US civil procedure, exploring the requirements for obtaining class certification and maintaining a class action. I analyze a number of critical issues and...
Persistent link: https://www.econbiz.de/10012733001
GLOBAL PRICE FIXING (2nd Edition) was released by Springer at the end of 2006. This note reproduces a 2002 review of the first edition of the book by Prof. Douglas Greer. It is reproduced with the permission of the publisher of the Review of Industrial Organization
Persistent link: https://www.econbiz.de/10012775648
Differences in prices paid by putative class members (quot;price dispersionquot;) often become a focal point for class certification in antitrust matters. This paper discusses how an economic analysis of the existence, extent, and nature of price dispersion faced by plaintiffs seeking class...
Persistent link: https://www.econbiz.de/10012775649
It is common knowledge that the old debate between competition policy and intellectual property rights has not yet found a definitive solution able to relax the present tension and, at the same time, provide courts with useful guidelines to set cases dealing with IPRs - with regard to this...
Persistent link: https://www.econbiz.de/10012780341
In 2013, a federal district court found that Apple had orchestrated a cartel agreement involving it and five major book publishers three years earlier, when Apple opened the iBookstore in conjunction with the introduction of its iPad tablet computer. According to the court, Apple organized...
Persistent link: https://www.econbiz.de/10012951059
Based on a price setting duopoly model, this paper argues that collusion on managerial incentive compensation may have the equivalent effect to collusion on prices. This paper also provides an analysis of the effect of different antitrust fines regimes in the context of a game between two...
Persistent link: https://www.econbiz.de/10012952909
Has the antitrust arsenal run out of novel theories or weapons? Think again. Recent scholarship has come to challenge conventional wisdom with the latest target of antitrust imagination being institutional investors, including diversified index funds. New economic research suggests that common...
Persistent link: https://www.econbiz.de/10012952957
Rising drug prices are in the news. By increasing price, drug companies have placed vital, even life-saving, medicines out of the reach of consumers. In a recent development, brand firms have prevented generics even from entering the market. The ruse for this strategy involves risk-management...
Persistent link: https://www.econbiz.de/10012955066
toward favored third-party suppliers. A search engine, for example, might (under certain conditions identified by this …
Persistent link: https://www.econbiz.de/10012958316