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antitrust effectiveness and the need for comparative institutional analyses of antitrust that extend beyond matters of … precluding private antitrust enforcement as one salient choice in antitrust design depends on whether antitrust enforcement is … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of …
Persistent link: https://www.econbiz.de/10011384564
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/10012938866
preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing …
Persistent link: https://www.econbiz.de/10011346282
Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate …
Persistent link: https://www.econbiz.de/10013362394
antitrust lawsuit that charged Bell with having foreclosed the market for telecommunications equipment. The decree forced Bell …
Persistent link: https://www.econbiz.de/10011610914
. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its …
Persistent link: https://www.econbiz.de/10012438354
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/10012138666
many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market … use a novel database that identifies over 20,000 product/geographic antitrust markets affected by over 2,000 mergers …
Persistent link: https://www.econbiz.de/10012421242
cross-industry differences in this dimension. Theory suggests several potential factors that might explain this dispersion … lower variability of the number of firms; and (2) these relationships are non-linear as suggested by theory with initial … appear to be mixed. We explore the implications of our findings for antitrust analysis. …
Persistent link: https://www.econbiz.de/10011508062
that matches cartel investigations with trade data at the product level. We then estimate the world import price and … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The …
Persistent link: https://www.econbiz.de/10012373130