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Market Concentration in Europe : Evidence from Antitrust Markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10013249649

The Sociology of Cartels

Haucap, Justus; Heldman, Christina - 2022

for years or even decades. While the literature has presented several determinants of cartel stability, the vast majority …, the communication and internal structures within the cartels as well as their breakup. Our results indicate that cartel … individuals involved in these 15 cartels were female, suggesting that gender also plays a role for cartel formation. We further …

Persistent link: https://www.econbiz.de/10014077191

Virtual capacity and competition

Schultz, Christian - 2005

In several European merger cases competition authorities have demanded that the merging firm auctions off virtual capacity. The buyer of virtual capacity receives an option on an amount of output at a pre-specified price, typically equal to marginal cost. This output is sold in the market in...

Persistent link: https://www.econbiz.de/10010261290

Concentration and Competition : Evidence from Europe and Implications for Policy

Koltay, Gábor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022

The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...

Persistent link: https://www.econbiz.de/10013293852

Won't Get Fooled Again : A Supervised Machine Learning Approach for Screening Gasoline Cartels

Silveira, Douglas; Vasconcelos, Silvinha; Resende, Marcelo - 2021

In this article, we combine machine learning techniques with statistical moments of the gasoline price distribution. By doing so, we aim to detect and predict cartels in the Brazilian retail market. In addition to the traditional variance screen, we evaluate how the standard deviation,...

Persistent link: https://www.econbiz.de/10013250047

Gender and Collusion

Haucap, Justus; Heldman, Christina; Rau, Holger Andreas - 2022

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals’ incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

Persistent link: https://www.econbiz.de/10013296722

The law and economics of enhancing cartel enforcement: Using information from non-cartel investigations to prosecute cartels

Ghosal, Vivek - 2011

I present the following proposal: information revealed during non-cartel investigations by competition law enforcement … typically cannot be directly used for a cartel case due to the underlying statutes and the legal and administrative procedures … proposed rule change could increase the efficiency and effectiveness of cartel enforcement, and open an additional front in the …

Persistent link: https://www.econbiz.de/10010277361

Merger Policy in Digital Markets : An Ex-Post Assessment

Argentesi, Elena - 2020

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...

Persistent link: https://www.econbiz.de/10012845689

Platform Competition and Information Sharing

Petropoulos, Georgios; Martens, Bertin; Parker, Geoffrey; … - 2023

Digital platforms, empowered by artificial intelligence algorithms, facilitate efficient interactions between consumers and merchants that allow the collection of profiling information which drives innovation and welfare. Private incentives, however, lead to information asymmetries resulting in...

Persistent link: https://www.econbiz.de/10014469335

25 Years of European Merger Control

Affeldt, Pauline Luise - 2020

We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the 1990-2014 period, we evaluate how consistently...

Persistent link: https://www.econbiz.de/10012836941