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 area, we select the most relevant portions of...

In this article we introduce the reader to the most important cases in competition law between the beginnings of 2012, until May 2013. Our focus is on either the novelties in the cases or on issues which might be interesting for an international readership due to the recent developments and...

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...

Purpose: Collusion is a common behavior of oligarch enterprises aiming to get an advantage in market competition. The purpose of the research is to explore positive or negative effects from the electricity generation manufacturers' collusion through statistical analysis approach. To be exact,...

We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy considerations, and minimum fines. Bankruptcy...

Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...