Search results for " competition policy"
showing 3 items of 3 documents
Competition
2016
The essay provides a rational reconstruction and a critical assessment the different notions of competition elaborated in the course of the history of economic thought. In particular, it focuses on i) Competition as Rivarly in a Race; ii) Competition as a Specific Market Structure; iii) Competition as a Discovery Procedure and, finally, iv) Competition as Class Struggle. Moreover, it briefly discusses some issues concerning competition policy.
Anatomy of Cartel Contracts
2013
We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels. One third of the clauses relate to raising profits; the others deal with instability through incentive compatibility, cartel organization, or external threats. Cartels use three main approaches to raise profits: Price, market allocation, and specialization. These appear to be substitutes. Choosing one has implications on how cartels deal with instability. Simplifying, we find that large cartels agree on prices, cartels in homogenous goods industries allocate markets, and small cartels avoid competition through specialization.
Big Data and Antitrust Enforcement
2017
The interaction between information, innovation and market outcomes is shaping the modern digital industries of the 21st century: the business models of search engines, social networks, e-commerce websites and marketplaces are highly reliant on the ability to gather and process large amount of data. At the same time, it is increasingly recognized that the use of Big Data by online platforms and intermediaries has far-reaching consequences not only on economic activity, but also on social and political mechanisms: technological developments affecting information flows affect the organization of markets as well as the nature of individual interactions and the functioning of the political proc…