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An antitrust authority deters collusion using fines and a leniency program. Unlike in most of the earlier literature …, our firms have imperfect cumulative evidence of the collusion. That is, cartel conviction is not automatic if one firm …
Persistent link: https://www.econbiz.de/10010402216
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition … policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each … central features of antitrust policy. Our objective is to foster the improvement of legal regimes and also to identify topics …
Persistent link: https://www.econbiz.de/10014023495
An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an … investigation. Firms pick the degree of collusion: The more they collude, the higher are profits, but so is the probability of … inffective; it may even increase collusion. Increasing the probability of an investigation at low levels does not increase …
Persistent link: https://www.econbiz.de/10011919342
exemption for so-called ministerial cartels under Section 8 GWB was discarded without replacement. Similar to the still existing … from the general ban on cartels under Section 1 GWB for "predominant reasons relating to the economy as a whole and the … the much-discussed instrument of ministerial approval under Section 42 GWB by a regulation on the exemption of cartels …
Persistent link: https://www.econbiz.de/10012261718
Persistent link: https://www.econbiz.de/10010406293
antitrust law has been the principal source of inspiration for jurisdictions wishing to introduce regulation to control cartels … area of economic activity affected by antitrust law: cartels and anti-competitive agreements; dominance and monopolization …Antitrust and competition law have grown dramatically in importance and significance over the last fifty years. US …
Persistent link: https://www.econbiz.de/10012913418
acquainted with antitrust …
Persistent link: https://www.econbiz.de/10013216826
remedied.To this end, this article introduces the first taxonomy of collusion on blockchain. The discussion then moves on to … technology. Along the way, we propose methods of action for antitrust and competition agencies …
Persistent link: https://www.econbiz.de/10012850433
oligopolistic tacit collusion as such, but that reputes abusive a set of tactics adopted by tacitly colluding oligopolists exposed … to disruption. As much as deviation is an internal force likely to undermine tacit collusion, disruption is a powerful … tacit collusion (I). Second, it describes how disruption can undermine tacit collusion, and what oligopolists can do to …
Persistent link: https://www.econbiz.de/10012856167
the discount. The final Report of the Antitrust Modernization Commission (AMC) proposed a three part test for the …
Persistent link: https://www.econbiz.de/10012706711