This paper studies collusive behavior in a repeated oligopoly with localized competition. Private information about the rivals' past actions naturally arises from this market structure. The resulting communication problems imply that firms should adopt strategies with sufficiently lenient...

For a variety of reasons, it is likely that the market definition approach will remain an important tool in competition policy analysis for some time, despite the increased importance of other tools such as the simulation approach. Against the background of the new block exemption regulation for...

Public systems of higher education have recently attempted to cut costs by providing financial incentives to institutions who reduce the diversity of their programs. We study the profit and welfare effects of reducing product diversity in higher education, against the background of a funding...

This paper proposes a reduced form approach to identify the presence of "monopoly" market power in markets with vertical product differentiation. In a general model I derive an explicit solution for the reduced form pricing equations under the hypothesis that prices are set to maximize the joint...

type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main"><b>EU car prices</b>
IMPACT OF THE EURO</title> <p> This paper investigates the effects of the European monetary union on cross-country price differences in the European car market. The analysis utilizes disaggregate, bi-annual data on the prices of almost all car models sold...</p>

We quantify the competitive effects of liberalizing the selective and exclusive distribution system in the European car market, based on a model of oligopoly pricing with differentiated products. We consider two possible competitive effects from liberalization: (i) the creation of international...

Regulators have recently shown an increased sensitivity to the issue of price squeezes, especially telecom regulators in European countries. This Paper analyses the relevance and the scope of price squeeze tests as proposed by practitioners and economists, taking the existing regulatory...