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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...
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We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the …
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There have been a number of studies attempting to quantify the impact of cartels and mergers on prices. The state of …. Connor summarizes the existing empirical research that estimate the magnitude of the impact of cartels on prices. He … estimates that cartels increase prices by over 20% on average, and concludes that fines and damage awards do not sufficiently …
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cartel overcharges and their antitrust policy implications. In this comment, we explain why we believe Langenfeld errs in his … large sample of historical cartel overcharges; the advisability of trimming outliers or large estimates from the sample …% presumption; and the implications of the average cartel overcharges results for optimal deterrence and antitrust policy …
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