Imperfect competition in a network industry: The case of the European rail freight market

Posted by Ideas Imperfect competition in a network industry: The case of the European rail freight market By Florent Laroche, Christa Sys, Thierry Vanelslander & EddyVan de Voorde This paper opts for a time varying approach to measure the competition on the European rail freight sector according to two questions: what is the current level of […]

Facebook’s China Argument Revealed in Zuckerberg’s Hearing Notes

Posted by Bloomberg Facebook’s China Argument Revealed in Zuckerberg’s Hearing Notes By Alistair Barr Facebook’s Mark Zuckerberg was prepared to cite competition with China if asked whether the social-media giant should be broken up, according to a photograph of internal notes the chief executive officer took to a congressional hearing on Tuesday. “Break Up FB? US […]

Machine Learning with Screens for Detecting Bid-Rigging Cartels

 Posted by Academia Machine Learning with Screens for Detecting Bid-Rigging Cartels By Martin Huber We combine machine learning techniques with statistical screens computed from the distribution of bidsin tenders within the Swiss construction sector to predict collusion through bid-rigging cartels. We assess the out of sample performance of this approach and find it to correctly […]

Oligopoly Pricing and Richard Posner

Posted by Social Science Research Network Oligopoly Pricing and Richard Posner By Keith N. Hylton (Boston University) Over a span of nearly 50 years Richard Posner’s voice has loomed large over the subject of oligopoly pricing and antitrust. The span begins in 1969 with Posner’s publication of “Oligopoly and the Antitrust Laws: A Suggested Approach,” […]

Remediating Social Media: Why Layers Still Matter for Internet Policy

 Posted by Social Science Research Network Remediating Social Media: Why Layers Still Matter for Internet Policy By Annemarie Bridy (University of Idaho) 2017 was a bad year for the Internet. Journalists trying to get to the bottom of the Russian election meddling story discovered pathologies of the Internet’s attention economy that legal and media scholars […]

Horizontal Mergers and Product Innovation

 Posted by Social Science Research Network Horizontal Mergers and Product Innovation By Giulio Federico, Gregor Langus (European Commission) & Tommaso M. Valletti (Imperial College Business School) We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation incentives and on consumer surplus. The model incorporates two […]

Cartel Snapshot: Overview of Current Cartel Investigations

Posted by The National Law Review Cartel Snapshot: Overview of Current Cartel Investigations Antitrust enforcement remained active in 2017, with the US Department of Justice (DOJ) pursuing both new and long-developed investigations. However, total fines obtained by the DOJ declined sharply from recent years as the automotive parts and foreign exchange investigations wound down. At the […]

Rediscovering Antitrust’s Lost Values

Posted by Social Science Research Network Rediscovering Antitrust’s Lost Values By Thomas Jeffrey Horton (University of South Dakota) This Article traces Congress’s consistent balancing and blending of social, political, moral, and economic values and objectives over the course of nearly 120 years of antitrust legislation. As a starting point, a plethora of outstanding and insightful […]