Innovation strategies of German firms: The effect of competition and intellectual property protection

Posted by D. Daniel Sokol Olga Slivko (ZEW) has written on Innovation strategies of German firms: The effect of competition and intellectual property protection ABSTRACT: This article analyzes how the perceived effectiveness of intellectual property protection and competitive pressure affect firms’ innovation strategy choices, concretely, whether to abstain from innovation, to introduce products that are […]

Antitrust’s Democracy Deficit

Posted by D. Daniel Sokol Harry First, New York University (NYU) – School of Law and Spencer Weber Waller, Loyola University Chicago School of Law have a very interesting paper on Antitrust’s Democracy Deficit ABSTRACT: Over the past fifty years, many scholars have tried to explain what has caused the dramatic decrease in antitrust’s political […]

These are the Good Old Days: Foreign Entry and the Mexican Banking System

Posted by D. Daniel Sokol Stephen Haber, Stanford University – Hoover Institution and Political Science and Aldo Musacchio, Harvard Business School – Business discuss These are the Good Old Days: Foreign Entry and the Mexican Banking System ABSTRACT: In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico’s largest commercial […]

Compliance as an Effective Tool of Competition Enforcement: The French Example

Posted by D. Daniel Sokol Bruno Lasserre, Conseil de la Concurrence discusses Compliance as an Effective Tool of Competition Enforcement: The French Example ABSTRACT: The establishment of robust corporate compliance programmes is beneficial to firms individually as well as to the economy as a whole by helping prevent anti-competitive behaviour. Competition authorities worldwide have sought […]

Testing for competition in the South African banking sector

Posted by D. Daniel Sokol Witness Simbanegvi (National Treasury, Republic of South Africa), Josh Greenberg (Competition Commission South Africa) and Tendai Gwatidzo (Witts University) are Testing for competition in the South African banking sector ABSTRACT: This paper employs the Panzar and Rosse (1987) and the Bresnahan models to determine the level of competition in the […]

Salience and Consumer Choice

Posted by D. Daniel Sokol Pedro Bordalo (Royal Holloway), Nicola Gennaioli (CREI and Universitat Pompeu Fabra), and Andrei Shleifer (Harvard) discuss Salience and Consumer Choice ABSTRACT: We present a theory of context-dependent choice in which a consumer’s attention is drawn to salient attributes of goods, such as quality or price. An attribute is salient for […]

The economics of network neutrality

Posted by D. Daniel Sokol Nicholas Economides (NYU) and Benjamin E. Hermalin (Berkeley) describe The economics of network neutrality ABSTRACT: Under the current regime for Internet access, “network neutrality,” parties are billed only by the Internet service provider (ISP) through which they connect to the Internet; pricing is not contingent on the content being transmitted. […]

Should Competition Policy Promote Happiness?

Posted by D. Daniel Sokol Maurice Stucke (Tennessee) asks Should Competition Policy Promote Happiness? BSTRACT: What, if anything, are the implications of the happiness economic literature on competition policy? This Paper first examines whether competition policy should promote (or at least not impede) citizens’ opportunities to increase well-being. The Paper next surveys the happiness literature […]

Mergers in Bidding Markets

Posted by D. Daniel Sokol Maarten Janssen, University of Vienna and Vladimir A. Karamychev, Erasmus University Rotterdam (EUR) – Erasmus School of Economics (ESE) investigate Mergers in Bidding Markets ABSTRACT: We analyze the effects of mergers in first-price sealed-bid auctions on bidders’ equilibrium bidding functions and on revenue. We also study the incentives of bidders […]

Cartel Enforcement in India: Standard and Burden of Proof

Posted by D. Daniel Sokol Cyril Shroff & Nisha Kaur Uberoi (Amarchand & Mangaldas & Suresh A. Shroff & Co.) describe Cartel Enforcement in India: Standard and Burden of Proof ABSTRACT: The CCI has initiated various competition advocacy programs with a special focus on cartelization. The leniency program is being actively publicized in order to […]