We investigate the relationship between public and private enforcers introducing a more differentiated approach. In contrast to the existing literature, we take into account that the costs and benefits of detection and prosecution and, thus, the usefulness of each enforcement mode may change...

The last couple of years have seen an increasing interest in critical loss analysis, both, in academia and in practice. This development is documented by various research papers, high-level exchanges between antitrust experts as well as an increasing number of case decisions which make use of...

Im Jahre 2005 fand im Rahmen eines OECD Policy Roundtables ein intensiver Meinungsaustausch der Mitgliedsstaaten zu dem Thema ‚Evaluation of the Actions and Resources of the Competition Authorities’ statt. Eine wesentliche Erkenntnis der Gespräche bestand in der Feststellung, dass...

The paper develops a four-step framework to detect anticompetitive horizontal mergers. In the first step, an estimate of the impact of the merger on the market price needs to be derived. Subsequent, the second step of the framework has to assess whether such a predicted price increase would be...

The paper aims at assessing the costs and benefits of antitrust enforcement. The analysis starts with an investigation of why competition is typically worth protecting followed by a collection of empirical evidence which shows that competition actually needs protection by antitrust policy in...

Bei Verstößen gegen geltendes Wettbewerbsrecht entstehen typischerweise Schäden durch überhöhte Preise und entgangenen Gewinn bei nachgelagerten Wirtschaftsstufen. Hierfür besteht ein gesetzlicher Schadensersatzanspruch. Auf europäischer Ebene wird derzeit ein Rechtsrahmen diskutiert, mit...

We use T-100 traffic data and DB1B fare data from the U.S. Department of Transportation to identify patterns and effects of entry by network carriers and low-cost carriers in non-stop U.S. airline markets. For the sample period from 1996 to 2009, we find that entry activity of low-cost carriers...

The paper studies the effects of the Pfizer and Pharmacia (2003) merger on competition in the Swiss pharmaceutical market and compares the assessment of the Swiss Competition Commission (COMCO) with the post-merger market developments. We find that the merger has had a miniscule impact on the...

In 2002, the Swiss Competition Commission (COMCO) introduced a Notice on the Competitive Treatment of Vertical Restraints in Automobile Trade (‘Car Notice’). The objective of the Car Notice has been to strengthen competition in the Swiss car market, in particular by avoiding price-fixing...

The paper investigates the construction of a low cost airline network by analyzing JetBlue Airways' entry decisions into nonstop domestic U.S. airport-pair markets between 2000 and 2009. Adopting duration models with time-varying covariates, we find that JetBlue consistently avoided concentrated...