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This paper studies the competition policy for the year 2000. Two contentions are made in this paper. First, all market … economies have a competition policy (CP) even if they do not have competition legislation because of the influence that other … themselves from outside competitive forces and from importing the effects of other countries' competition policies. …
Persistent link: https://www.econbiz.de/10005459389
This paper studies the competition policy for the year 2000. Two contentions are made in this paper. First, all market … economies have a competition policy (CP) even if they do not have competition legislation because of the influence that other … themselves from outside competitive forces and from importing the effects of other countries' competition policies. …
Persistent link: https://www.econbiz.de/10005783385
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency …
Persistent link: https://www.econbiz.de/10011807705
Under Cournot and Bertrand cases, cartel stability is investigated in a context of adverse selection, where consumers are imperfectly informed about the products quality. Producers' collusion may be necessary to signal quality via a third-party certification or a price. In particular, cases with...
Persistent link: https://www.econbiz.de/10005618896
We investigate how the effects of market structure changes and mergers in restructured electricity markets depend on the level of forward contracting. Following Bushnell, Mansur, and Saravia (2008), we develop a Cournot model of Alberta's wholesale electricity market that incorporates firms'...
Persistent link: https://www.econbiz.de/10012986898
of the well-known trade-off between competition and production efficiency. Most conventional beliefs actually require … social welfare, destructive competition and natural monopoly. Our analytical approach combines simplicity with generality …
Persistent link: https://www.econbiz.de/10012729859
This paper uses new data to reexamine trends in concentration in U.S. markets from 1994 to 2019. The paper's main contribution is to construct concentration measures that reflect narrowly defined consumption-based product markets, as would be defined in an antitrust setting, while accounting for...
Persistent link: https://www.econbiz.de/10013349834
price levels cannot easily applied in case of two-sided platform competition, as price structure of those markets are non …
Persistent link: https://www.econbiz.de/10011624148
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency …
Persistent link: https://www.econbiz.de/10010529467
This paper investigates how the formation of larger buyers affects a supplier's profits and, by doing so, his incentives to undertake non-contractible activities. We first identify two channels of buyer power, which allows larger buyers to obtain discounts. We subsequently examine the effects of...
Persistent link: https://www.econbiz.de/10014074351