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This paper undertakes a critical review of the prospect that self-learning pricing algorithms will lead to widespread collusion independently of the intervention and participation of humans. There is no concrete evidence, no example yet, and no antitrust case that self-learning pricing...
Persistent link: https://www.econbiz.de/10013212718
General equilibrium models of oligopolistic competition give rise to relative prices only without determining the price …
Persistent link: https://www.econbiz.de/10014184277
allowing for competition of both, buyers and sellers. Naivety of both is related to the idea that higher prices exclude worse … qualities. While competition of naive buyers increases prices, competition of naive sellers promotes effciency enhancing trade …
Persistent link: https://www.econbiz.de/10010263850
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
Persistent link: https://www.econbiz.de/10005677854
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
Persistent link: https://www.econbiz.de/10005788985
and competition with generics. The nature of demand for drugs, the identity of drugs brought to market, and the nature of … competition in the drug market over time are all shaped by regulation. Throughout much of the world, administrative regulation …, rather than competition policy, dominates efforts to afford consumers and governments adequate access to affordable drugs …
Persistent link: https://www.econbiz.de/10012980141
boutique fuels and power, and allowing energy firms to restrict output and raise prices without fear of competition …. And it offers recommendations for how competition and energy regulators can work together to ensure that energy standards … do not undercut the aims of competition policies …
Persistent link: https://www.econbiz.de/10012851952
order the breaking up of large firms if this is deemed necessary to remedy adverse effects on competition even if they were … the Commission's jurisdiction under the European Merger Regulation and contravene the European competition law order as …
Persistent link: https://www.econbiz.de/10013018589
Throughout the years, much intellectual energy has been invested into drawing the line between being anti-competitive by object or by effect, ignoring that an infringement must also be appreciable. Most likely based on a presumption that this is no longer a separate requirement, but part of...
Persistent link: https://www.econbiz.de/10013242216
In this paper, we analyse the potential application to the cloud computing services sector of EU competition rules …
Persistent link: https://www.econbiz.de/10014236745