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Severe limitations on antitrust enforcement officials’ knowledge and the potential impact of ill-advised investigations and prosecutions on markets suggest that officials should exercise extraordinary caution in enforcement of restraints on single-firm conduct. Although it is common to depict...
Persistent link: https://www.econbiz.de/10010941795
We review the different market monitoring and market-power mitigation policies that arise in world electricity markets. Regulators for electricity markets apparently respond to differences in underlying market structure and design features when choosing between ex-ante (that is, rule-based)...
Persistent link: https://www.econbiz.de/10005489998
We discuss strategic ways that sellers can use tying and bundling with requirement conditions to extract consumer surplus. We analyze different types of tying and bundling creating (i) intra-product price discrimination; (ii) intra-consumer price discrimination; and (iii) inter-product price...
Persistent link: https://www.econbiz.de/10010938600
show that the Chicago School Theory of a single monopoly surplus that justifies tying, bundling, and loyalty …
Persistent link: https://www.econbiz.de/10008774549
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...
Persistent link: https://www.econbiz.de/10008474669
Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early … nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but …. Empirical evidence shows that the positive effect on cartel deterrence seems to dominate, but cannot provide definite evidence …
Persistent link: https://www.econbiz.de/10008869224
cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit … is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market …
Persistent link: https://www.econbiz.de/10009021689
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
Es común en algunas jurisdicciones que las partes que se vean afectadas por la acción de un cartel demanden … compensaciones por los daños económicos causados. Sin embargo, esto no supone que las partes afectadas indirectamente por un cartel … (esto es, los compradores de los afectados directos del cartel) hayan visto sus demandas aceptadas por el juez. Este …
Persistent link: https://www.econbiz.de/10010828243
Hidden Markov Model that answers the question, taking into account that often we do not know whether a cartel exists in an …
Persistent link: https://www.econbiz.de/10008468608