Showing 1 - 10 of 52
This technical note analyzes the competition in the banking sector in Denmark. It reveals that Denmark has a fairly competitive and efficient banking sector. Measured by various indicators, efficiency of banking intermediation has been improving in recent years. The banking sector has become...
Persistent link: https://www.econbiz.de/10011244565
The criminalisation of anti-competitive behaviour such as price fixing has long been a feature of US antitrust law. Some European countries have introduced criminal penalties for price fixing while in others the matter is under debate. Australia introduced such laws in 2009. Of critical...
Persistent link: https://www.econbiz.de/10009222205
cartels and preventing the creation of new ones, is at the core of open and fair pan-European markets, higher productivity and … of companies involved in cartels, focusing on the effectiveness of preventive policy of the Commission in antitrust … enforcement, reflected in particular by the evolution of the fines imposed in cartel cases. The analysis outlines how antitrust …
Persistent link: https://www.econbiz.de/10011106092
three cartel cases: i) international elevators and escalators cartel in various European countries during the years 1995 …-2004, ii) Finnish raw wood cartel during the years 1997-2004, and iii) Finnish construction cartel 1994-2002. The findings …
Persistent link: https://www.econbiz.de/10010987374
This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with...
Persistent link: https://www.econbiz.de/10005264153
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10011242253
This paper is centered upon the analysis of Leniency’s effectiveness in cartel agreements. The influences of this … policy on cartel evolution and on the fine mechanism are the main topics to be studied. The first part of the research … evolution of cartels before and after the entering into force of this policy is analyzed at a macro-level. Afterwards, a more …
Persistent link: https://www.econbiz.de/10011019892
The purpose of this paper is to demonstrate that a cartel is not necessarily synonymous with a brake on innovation but … international cartel (International Cable Development Corporation) from the beginning of the twentieth century until the 1970s. The … cartels studied, which were primarily based on territorial and price protection, fostered various forms of information and …
Persistent link: https://www.econbiz.de/10009223728
In 1993, the WTO negotiations to create a working group of experts from the Max Planck Institute (Germany), proposed the establishment of an International Antitrust Code. This code was intended to pursue the creation of a competition laws based on a "minimum standard", the substantive...
Persistent link: https://www.econbiz.de/10010940554
. The book also examines issues such as the industries in which collusion is more likely to occur; the effect of cartels and … cartel laws on market structure and profitability; the links between competition, advertising, and innovation; and the … constraints on the exercise of merger and antitrust policies. …
Persistent link: https://www.econbiz.de/10004973164