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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
unifying theory that would provide a single test offering a way to distinguish between practices compatible and incompatible …
Persistent link: https://www.econbiz.de/10014063508
standards. Although the case involved only a claim for breach of contract, Judge Robart’s opinion regulated monopoly pricing, a … monopoly power that the standard conferred and, second, inefficiently stacking royalties with other essential patents. In …, courts compare actual prices with those in counterfactual, but-for world free from improper exploitation of monopoly power …
Persistent link: https://www.econbiz.de/10014152942
The Department of Justice ("DOJ") monopoly report is enormously disappointing for a number of reasons. The Federal …
Persistent link: https://www.econbiz.de/10014213172
Antitrust Law can be described as the set of legal rules that regulate the current or potential power of the companies on a certain market, on behalf of public interest. In practice, the Antitrust Law prohibits the execution of restrictive competition practices, the acquisition of a dominant...
Persistent link: https://www.econbiz.de/10012707635
show that the Chicago School Theory of a single monopoly surplus that justifies tying, bundling, and loyalty …
Persistent link: https://www.econbiz.de/10014187801
The present paper analyzes the interaction between the economic review of the probition of abuses of a dominant position (Article 82 EC) on the one hand and the efforts to enhance private enforcement of competition law through private damage claims on the other hand. The paper argues that...
Persistent link: https://www.econbiz.de/10013134375
Persistent link: https://www.econbiz.de/10012856715
Firm strategies cannot be analyzed without taking into consideration the legal framework which governs the relationships between economic agents, especially competition law. As a consequence, firms have to maneuver through a complex universe, taking account of both the rules of the economic game...
Persistent link: https://www.econbiz.de/10013100306
This article examines the economic consequences of collusion in both the output market and one of the input markets. We examine the results of sequential collusion, which leads to complications and inconsistencies in measuring antitrust damages. We also examine simultaneous collusion in both the...
Persistent link: https://www.econbiz.de/10013215863