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markets and face antitrust enforcement in different jurisdictions. We are concerned with the effectiveness of leniency … uncoordinated, multi-market contact allows firms to reduce the amount of self-reporting in equilibrium and sustain cartels more …
Persistent link: https://www.econbiz.de/10013144908
instance of communication. Technically, there are two main opportunities for this. In switched telephony, for technical reasons …
Persistent link: https://www.econbiz.de/10014060568
total of at least 65 corporations have received full leniency from 16 antitrust authorities that made 110 amnesty decisions … the United States and Canada, which keep the identities of amnesty recipients secret before and after a case is closed. A …. These companies, several of them recipients of multiple amnesties, participated in 84 international cartels that ended from …
Persistent link: https://www.econbiz.de/10012720249
Persistent link: https://www.econbiz.de/10009699683
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it also increases competitive pressure on former telecommunications monopolists. This paper points to the largely overlooked downside. In a pure world of Internet telephony, there...
Persistent link: https://www.econbiz.de/10010264805
We analyze the dynamic effect of prices and price volatility on current oil production, both on the level of country groups and the major individual producer countries. A comprehensive dataset at monthly frequency allows us to include a rich lag structure while controlling for key global and...
Persistent link: https://www.econbiz.de/10010285735
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it also increases competitive pressure on former telecommunications monopolists. This paper points to the largely overlooked downside. In a pure world of Internet telephony, there...
Persistent link: https://www.econbiz.de/10014053336
This paper examines the forms, goals, and results of price discrimination. It reviews various economic analyses and critiques of the three Pigovian types of price discrimination. It observes that economists' traditional concern with aggregate welfare has not, until recently, been accompanied by...
Persistent link: https://www.econbiz.de/10014216147
We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...
Persistent link: https://www.econbiz.de/10014159864
Trading volumes in credit default swaps (CDS) have fallen by more than 75% since the 2008 financial crisis to less than $9 trillion notional amount outstanding as of June 2015. This dramatic decline in volumes comes, in part, because of new laws and regulations focused on reducing the risk of...
Persistent link: https://www.econbiz.de/10013002698