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cartels cause failures in the observed process patterns. The CFD cartel-audit attempts to draw conclusions from these process … analysis and investigates whether they operate efficiently (See www.wiwi.uni-muenster.de/cfd). The CFD cartel-audit should … enable the detection of cartels via characteristic market process patterns. This is based on the assumption that existing …
Persistent link: https://www.econbiz.de/10005076883
presence of a cartel consisting of a large (in market share) local miller and commission agents purchasing for large distant … collusion takes. Simulations indicate that (i) the cartel gains considerably by colluding, over the competitive outcome; (ii …
Persistent link: https://www.econbiz.de/10008642260
This paper develops a super game model of collusion between price-setting oligopolists located in different markets separated by trade costs. The firms produce a homogenous good and sustain collusion based on territorial allocation of markets. We first show, in a more general framework than some...
Persistent link: https://www.econbiz.de/10010945296
This paper analyses the problem of natural resource scarcity and its implications for economic development and international cooperation. We examine the meaning and measurement of resource “scarcity” and its implications for economic growth and development. The paper describes the conditions...
Persistent link: https://www.econbiz.de/10005118916
The Task Force recommends that price regulation should be on the basis of ‘Essentiality’ of the drug and it should be applied only to formulations and not to upstream products, such as bulk drugs. No effort should be made to impose a uniform price, and only a ceiling price should be...
Persistent link: https://www.econbiz.de/10005528148
The terms of reference for this inquiry ask the Commission to assess whether price regulation of airport services is required at privatised airports and, if so, in what form this should take. The Commission's inquiry focusses on the core-regulated airports, including Sydney Airport. The...
Persistent link: https://www.econbiz.de/10005561836
In 2002 the government had formulated a new Drug Policy, but the same could not be implemented due to litigation involving it. As a consequence, the policy of 1994 continues to be in force.The present Policy known as the National Pharmaceuticals Policy, 2005 has been necessitated due to several...
Persistent link: https://www.econbiz.de/10005487771
The case of a French merger can be used to better understand the nature of conflicts of interest and cognitive …
Persistent link: https://www.econbiz.de/10005125849
When the home country introduces a patent law after the winner of the patent race is known the country's welfare may rise only if the domestic firm wins. If the home country decides before the patent race ends, the welfare may be increased when the probability that the domestic firm wins is...
Persistent link: https://www.econbiz.de/10005556017
This paper analyzes the role of communication between firms in an infinitely repeated Bertrand game in which firms receive an imperfect private signal of a common value i.i.d. demand shock. It is shown that firms can use stochastic, inter-temporal market sharing as a perfect substitute for...
Persistent link: https://www.econbiz.de/10005561404