Showing 1 - 10 of 959
In current horizontal merger policy in the US and the EU an explicit efficiency defense is allowed. On both sides of …’ potential to harm consumers in the relevant market. Current merger policy is implicitly based on the assumption that rational … managers will only propose privately profitable mergers. In this thesis I will show that the empirical evidence on merger …
Persistent link: https://www.econbiz.de/10008578264
We develop a model wherein collusive firms' decisions to keep or to destroy the hard evidence is endogenous. Unlike previous literature, we assume that the administration of the cartel crucially depends on the existence of the hard evidence. Within this framework, we explore the impact of a...
Persistent link: https://www.econbiz.de/10011107404
We analyze a situation where an antitrust authority delegates to an audit inspector the mission of gathering the sufficient information to condemn a cartel. The authority has two instruments at her disposal: rewarding the inspector with a proportion of the collected fine or providing him with...
Persistent link: https://www.econbiz.de/10011107712
We develop a model wherein collusive firms' decisions to keep or to destroy the hard evidence is endogenous. Unlike previous literature, we assume that the administration of the cartel crucially depends on the existence of the hard evidence. Within this framework, we explore the impact of a...
Persistent link: https://www.econbiz.de/10011110619
We analyze a model where an antitrust authority delegates to an audit inspector the mission of gathering the sufficient information to condemn a cartel. The authority has two instruments at her disposal: rewarding the inspector with a proportion of the collected fine or providing him with...
Persistent link: https://www.econbiz.de/10011111727
This paper reports the results of an experiment designed to assess the ability of an incumbent seller to profitably foreclose a market with exclusive contracts. We use the strategic environment described by Rasmusen, Ramseyer, and Wiley (1991) and Segal and Whinston (2000) where entry is...
Persistent link: https://www.econbiz.de/10005835746
Book Review of Ignacio De Leon's "An Institutional Assessment of Antitrust Policy The Latin American Experience" (Wolters Kluwer 2009) Reviewed by A.E. Rodriguez
Persistent link: https://www.econbiz.de/10008587500
The article tackles the key-points of the European Commission decision clearing a complex merger in which a situation … of ex-post near-monopoly was created. The article mainly deals with the counter-factual analysis where the merger would … briefly mentions the 2002/2003 debate preceding the adoption of the new EC merger regulation 139/04: the scope of the EC …
Persistent link: https://www.econbiz.de/10005622071
This third overview of EU competition and sector-specific regulatory jurisprudential and case law developments with a … butadiene rubber cartel case (e.g. in Trade-Stomil v Commission). Finally, the Commission dealt with a merger case with a truly …
Persistent link: https://www.econbiz.de/10011260409
This paper explores the sensitivity of plug-in based subset tests to instrument exclusion in linear IV regression. Recently, identification-robust statistics based on plug-in principle have been developed for testing hypotheses specified on subsets of the structural parameters. However, their...
Persistent link: https://www.econbiz.de/10011107656