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Chapter 15 Antitrust
Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
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Looking Towards Europe : Regulation of Dominance in Nigerian Telecommunications
Opata, Chukwudiebube - 2014
Nigeria is yet to enact generally applicable competition laws. However in the telecommunications sector, sector … markets to enforce these rules. These developments are important in Nigeria as they could provide good domestic references for … future application of both general competition law in Nigeria and sector specific application of competition rules in other …
Persistent link: https://www.econbiz.de/10014165723
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Governance of Telecommunications Markets – The Case of International Mobile Roaming
Sutherland, Ewan - 2018
The problem of international mobile roaming (IMR) was defined in 1999 ‒ prices that were far in excess of costs and were seemingly immune from the competitive forces that might be expected to drive them down. The case is complicated by retail and wholesale markets being in different countries...
Persistent link: https://www.econbiz.de/10014035058
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Reform of Cartel Damages Law
Kersting, Christian - 2022
Agenda until 2025. Among other things, it aims to strengthen cartel prosecution by providing better protection for leniency … witnesses and reforming the Cartel Damages Directive. This article analyses this aspect of the agenda and makes suggestions …
Persistent link: https://www.econbiz.de/10013289044
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Ex Post Regulation Facilitates Collusion
Beschorner, Patrick - 2008
Under ex ante access regulation entrants often claim that access fees are excessive. I show that this is only the case if further entry is admitted. If the entrant is protected from further entry it would agree with the incumbent upon a strictly positive access fee which may exceed the efficient...
Persistent link: https://www.econbiz.de/10014212184
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Legal principles in antitrust enforcement
Houba, Harold - 2013 - Revised version: August 2013
considerations, and minimum fines. Bankruptcy considerations limit maximum fines, ensure abnormal cartel profits and impose a … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set … to the legal mi nimum. Raising minimum fines will enable the cartel to raise its price and is better avoided. Our …
Persistent link: https://www.econbiz.de/10010224778
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Rent sharing to control non-cartel supply in the German cement market
Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2016
A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …
Persistent link: https://www.econbiz.de/10011443774
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The discontent cartel member and cartel collapse : the case of the German cement cartel
Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2014
We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …
Persistent link: https://www.econbiz.de/10010424815
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The effects of leniency on cartel pricing
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2014
We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are … we focus on the worst possible outcome. We investigate the maximal cartel price, the largest price for which the … conditions for sustainability hold. We analyze how the maximal cartel price supported by different cartel strategies adjusts in …
Persistent link: https://www.econbiz.de/10010433900
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011724001