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Deterrence, Recidivism and European Cartel Fines

Veljanovski, Cento G. - 2018

Based on an analysis of cartel prosecutions since 2007, this article assesses the way the European Commission has built up its fines in practice. The fines are compared with those imposed by the European Commission over the period from 1999 to 2006. The main findings are that, while fines have...

Persistent link: https://www.econbiz.de/10012940532

Positive Freedom in Networked Capitalism : An Empirical Analysis

Carbonai, Davide - 2015

The article proposes a social network analysis of the main European capitalisms and its correspondence with an index of economic freedom. The analysis relates to two kinds of economic liberties taken from the concept of freedom formulated by Isaiah Berlin. While the first kind of freedom...

Persistent link: https://www.econbiz.de/10013020504

Chapter 63 Econometric Tools for Analyzing Market Outcomes

Ackerberg, Daniel; Lanier Benkard, C.; Berry, Steven; … - In: Handbook of econometrics : volume 6A, (pp. 4171-4276). 2007

This paper outlines recently developed techniques for estimating the primitives needed to empirically analyze equilibrium interactions and their implications in oligopolistic markets. It is divided into an introduction and three sections; a section on estimating demand functions, a section on...

Persistent link: https://www.econbiz.de/10014024952

Trade and competition : mark-ups, concentration, and international orientation : discussion and empirical test for Brazilian manufacturing sectors

Oliveira, Glauco Avelino Sampaio - 2022

This paper discusses the relation between trade and competition, revising the literature and using indicators, build with Brazilian industrial survey (PIA/IBGE) and foreign trade (Comtrade) data. The premise is that the structure of domestic competition is explained by concentration indices,...

Persistent link: https://www.econbiz.de/10014429351

Mergers and Sequential Innovation : Evidence from Patent Citations

Stahl, Jessica C. - 2013

An extensive literature has investigated the effect of market structure on innovation. A persistent concern is that market structure may be endogenous to innovation. Firms may choose to merge so as to capture information spillovers or they may choose to merge so as to dampen competition in...

Persistent link: https://www.econbiz.de/10013093752

Metcash, Market Power and Counterfactuals

Veljanovski, Cento - 2018

The standard of proof required in merger cases has become the centre of considerable controversies and confusion following the Australian Federal Court's decision in Metcash. This paper reviews the use of counterfactuals and the inherent contradictions in adopting the real chance standard of...

Persistent link: https://www.econbiz.de/10012940200

Cartel Stability : An Empirical Analysis

Bolotova, Yuliya; Connor, John M.; Miller, Douglas J. - 2006

developed antitrust law are more stable than cartels operating in the countries without similar regulation. As antitrust law …

Persistent link: https://www.econbiz.de/10014055138

Competition between Networks : A Study of the Market for Yellow Pages

Rysman, Marc - 2004

This paper estimates the importance of network effects in the market for Yellow Pages. I estimate three simultaneous equations: consumer demand for usage of a directory, advertiser demand for advertising and a publisher's first-order condition (derived from profit-maximizing behavior)....

Persistent link: https://www.econbiz.de/10014120232

Estimating cartel damages with model averaging approaches

Tsay, Wen-jen - In: International review of law and economics 68 (2021), pp. 1-7

Persistent link: https://www.econbiz.de/10013282588

Estimating Market Power with a Generalized Supply Relation : Application to an Airline Antitrust Case

Oliveira, Alessandro V. M. - 2013

balances the marginal profit obtained from collusion with the marginal profit from best-response behavior in a repeated game …. It builds upon the concept of efficient collusion, and also allows for a set of possible penal codes for deviation …-product, price or quantity competition settings. As the proposal is particularly suitable for antitrust investigations, it is applied …

Persistent link: https://www.econbiz.de/10013091957