This paper provides evidence that incumbent and entrant firms' access to business group deep pockets affects entry patterns in product markets. Relying on a unique French data set on business groups, this paper shows that entry in manufacturing industries is negatively related to the cash...

We provide evidence that incumbent and entrant firms' access to business group deep pockets affects the entry patterns in product markets. Relying on a unique French data set on business groups, our paper shows that entry into manufacturing industries is negatively related to the cash hoarded by...

There is little doubt that the fight against cartels is one of the most important objectives of Antitrust Authorities, and the European Commission (EC herewith) represents no exception in this regard. While the Leniency Policy has been successful in triggering evidence by cartel participants and...