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Price Stickiness in Customer Markets with Reference Prices

Posted by D. Daniel Sokol Nicolas Vincent (HEC Montreal) describes Price Stickiness in Customer Markets with Reference Prices. ABSTRACT: Price rigidity is often modeled by assuming that firms face a fixed cost of price change. However, in surveys, firms report that the main reason they wish to keep prices stable is for fear of antagonizing… Continue reading Price Stickiness in Customer Markets with Reference Prices

Search with Learning

Posted by D. Daniel Sokol Babur De los Santos (Department of Business Economics and Public Policy, Indiana University Kelley School of Business), Ali Hortacsu (University of Chicago and NBER) and Matthijs R. Wildenbeest (Department of Business Economics and Public Policy, Indiana University Kelley School of Business) discuss Search with Learning. ABSTRACT: This paper provides a… Continue reading Search with Learning

Japan: FTC Chairman Steps Down

Japan Fair Trade Commission Chairman Kazuhiko Takeshima announced he would step down from the position last September after completing his term. Acting chairman Michiyo Hamada will replace Takeshima until a successor is chosen. Full Content: Jones Day Related Content: Outreach Activities of the JFTC Want more news? Subscribe to CPI’s free daily newsletter for more headlines… Continue reading Japan: FTC Chairman Steps Down

New Zealand: Commission aims to combat threats of broken competition law

The acquisition of Carrefour SA by Chilean retailer Cencosud SA was recently confirmed by the two companies under a €2 billion agreement. Cencosud SA, Latin America’s third-largest retailer, acquired the Colombian operations of the French company in part of a larger trend of companies responding to the European debt crisis by taking advantage of weakened… Continue reading New Zealand: Commission aims to combat threats of broken competition law

UK: Competition law reformation bill progresses through Parliament

The Enterprise and Regulatory Reform Bill advanced to a new phase after being approved by the British House of Commons 290 to 228, and will now move to the House of Lords for review. The bill, which reforms existing competition law, includes new amendments involving defenses to criminal cartel charges. Full Content: Law360 Related Content: An… Continue reading UK: Competition law reformation bill progresses through Parliament

Colombia: Cencosud acquires Colombian operations of France’s Carrefour

The acquisition of Carrefour SA by Chilean retailer Cencosud SA was recently confirmed by the two companies under a €2 billion agreement. Cencosud SA, Latin America’s third-largest retailer, acquired the Colombian operations of the French company in part of a larger trend of companies responding to the European debt crisis by taking advantage of weakened… Continue reading Colombia: Cencosud acquires Colombian operations of France’s Carrefour

U.S.: Google considers settlement with FTC over Motorola patent investigation

In response to the FTC’s recent investigation into whether Google has been improperly using Motorola’s patents against its competitors, Google is reportedly considering a settlement with the FTC, though it is unclear exactly what that settlement may be. According to two sources obtained by the Wall Street Journal, the Commission is investigating claims that Google… Continue reading U.S.: Google considers settlement with FTC over Motorola patent investigation

France: Antitrust concerns sabotage Veolia and Suez merger

Veolia Environment and Suez Environment are both denying the possibility of a merger after meetings held in September about a potential deal lead to irreconcilable issues. The two waste, water and environmental service companies abandoned plans after it was determined the merger would lead to a market share too large, requiring regulatory clearance. The companies… Continue reading France: Antitrust concerns sabotage Veolia and Suez merger

Egypt: CPA to investigate whether mobile cell phone cos. secretly raise prices

In response to customer complaints, the Consumer Protection Agency formally filed a complaint against the Egyptian Competition Authority (ECA) calling for an investigation into whether the nation’s top three mobile providers – Vodafone, Etisalat Egypt and Mobinil – have conspired to raise prepaid mobile credit card prices. The complaints accuse the companies of costing consumers… Continue reading Egypt: CPA to investigate whether mobile cell phone cos. secretly raise prices

Botswana: Competition within aviation industry to be reviewed

A Memorandum of Understanding between the Civil Aviation Authority of Botswana (CAAB) and the Competition Authority (CA) was signed to bring attention to the obstruction to competition within the nation’s commercial air transport sector due. CAAB assured at the signing that issues of abuse of dominance and monopolization will be investigated thanks to the partnership… Continue reading Botswana: Competition within aviation industry to be reviewed