The chapter tackles the key remedies in merger operation at European and Italian level. On the basis of the 2008 Notice on remedies, the writers analyses the pros and cons of each remedy on the basis of the recurrent praxis of the European Commission and of the Italian competition authority,...

This volume contains the proceedings of a discussion forum relating issues of competitiveness in a globalised world to European competition policies. It includes a view from Joseph E. Stiglitz on competition in the New Economy, an EU view on new developments of Community policies, and a national...

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...

Advertising and its effects have been debated for well over a century. In the last few decades a generally sceptical view of the benefits of advertising has been overturned by a series of academic advances in economics that detail a variety of ways in which advertising may affect the economy and...

As Africa’s major oil exporter and factor driven stage country, Nigeria has made some progress in socioeconomic terms in recent years. However, large pockets of Nigeria’s population still live in poverty without adequate access to basic services. Currently, Nigeria is capturing just as small...

This study explores the critical role of market definition in antitrust and competition law, where defining the relevant market is fundamental for assessing competition between firms, products, and markets. Traditional methods for market definition, such as the SSNIP test, Critical Loss...

We present a model in which a principal delegates the choice of project to an agent with different preferences. The principal determines the set of projects from which the agent may choose. The principal can verify the characteristics of the project chosen by the agent, but does not know which...

We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even when there exist few truly altruistic firms, an equilibrium may emerge where all firms...

The purpose of this paper is to contribute to the literature on director interlocks by illustrating and analysing the interlocking directorships among the Italian, French, German, UK and US listed Blue Chips. The comparison of the five countries considered shows that two national models stand...

We explore patterns of price competition in an oligopoly where consumers vary in the set of firms they consider for their purchase and buy from the lowest-priced firm they consider. We study a pattern of consideration, termed "symmetric interactions", that generalises models used in existing...