Open Access. Powered by Scholars. Published by Universities.®

Industrial Organization Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 30 of 30

Full-Text Articles in Industrial Organization

Conservatism And Switcher's Curse, Aaron Edlin Dec 2016

Conservatism And Switcher's Curse, Aaron Edlin

Aaron Edlin

This paper formally models the virtues of Edmund Burke's conservatism, characterizes the optimal level of conservatism, and applies the model to management, law, and policy.  I begin by introducing ``switcher's curse,'' a trap in which a decision maker systematically switches too often. Decision makers suffer from switcher's curse if they forget the reason that they maintained incumbent policies in the past and if they naively compare rival and incumbent policies with no bias for incumbent policies.   Conservatism emerges as a heuristic to avoid switcher's curse. The longer a process or policy has been in place, the more conservative one …


Cartel Detection And Collusion Screening: An Empirical Analysis Of The London Metal Exchange, Danilo Samà Jan 2014

Cartel Detection And Collusion Screening: An Empirical Analysis Of The London Metal Exchange, Danilo Samà

Dr. Danilo Samà

Cartel detection and collusion screening: an empirical analysis of the London Metal Exchange
Author:Dr Danilo Samà (LUISS “Guido Carli” University, Law & Economics LAB)
Abstract:In order to fight collusive behaviors, the best scenario for competition authorities would be the possibility to analyze detailed information on firms’ costs and prices, being the price-cost margin a robust indicator of market power. However, information on firms’ costs is rarely available. In this context, a fascinating technique to detect data manipulation and rigged prices is offered by an odd phenomenon called Benford’s law, otherwise known as First-digit law, which has been successfully …


Essays On Economic Analysis Of Competition Law: Theory And Practice (Ph.D. Dissertation Defence), Dr. Danilo Samà Jan 2014

Essays On Economic Analysis Of Competition Law: Theory And Practice (Ph.D. Dissertation Defence), Dr. Danilo Samà

Dr. Danilo Samà

Essays on economic analysis of competition law: theory and practice
Author:Dr Danilo Samà (LUISS “Guido Carli” University, Law & Economics LAB)
Abstract:The Ph.D. dissertation, submitted to LUISS “Guido Carli” University of Rome in fulfillment of the requirements for the Degree of Doctor of Philosophy in Economic Analysis of Competition Law (XXV cicle), is the result of a scientific research in the field of the economic analysis of competition law developed through academic experiences at the Erasmus Rotterdam University in the Netherlands, the Ghent University in Belgium, the University of Hamburg in Germany and the Toulouse School of Economics in …


Essays On Economic Analysis Of Competition Law: Theory And Practice, Danilo Samà Jan 2014

Essays On Economic Analysis Of Competition Law: Theory And Practice, Danilo Samà

Dr. Danilo Samà

Essays on economic analysis of competition law: theory and practice
Author:Dr Danilo Samà (LUISS “Guido Carli” University, Law & Economics LAB)
Abstract:The Ph.D. dissertation, submitted to LUISS “Guido Carli” University of Rome in fulfillment of the requirements for the Degree of Doctor of Philosophy in Economic Analysis of Competition Law (XXV cicle), is the result of a scientific research in the field of the economic analysis of competition law developed through academic experiences at the Erasmus Rotterdam University in the Netherlands, the Ghent University in Belgium, the University of Hamburg in Germany and the Toulouse School of Economics …


Reformando Las Telecomunicaciones, Víctor Pavón-Villamayor Apr 2013

Reformando Las Telecomunicaciones, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


The Effectiveness Of Competition Policy: An Econometric Assessment In Developed And Developing Countries, Danilo Samà Jan 2013

The Effectiveness Of Competition Policy: An Econometric Assessment In Developed And Developing Countries, Danilo Samà

Dr. Danilo Samà

The effectiveness of competition policy: an econometric assessment in developed and developing countries
Author:Dr Danilo Samà (LUISS “Guido Carli” University, Law & Economics LAB)
Abstract:The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would deserve. At the present state of art, the number of academic contributions that attempts to estimate its impact on relevant economic variables appears very limited, in particular for the less developed countries. However, …


Regulatory Challenges For Mvnos In Latin America, Víctor Pavón-Villamayor May 2012

Regulatory Challenges For Mvnos In Latin America, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


La Valutazione Antitrust Degli Sconti Fedeltà Nel Diritto Della Concorrenza Europeo: Alla Ricerca Di Un Approccio Economico E Di Una Teoria Del Danno Per Il Consumatore, Danilo Samà Jan 2012

La Valutazione Antitrust Degli Sconti Fedeltà Nel Diritto Della Concorrenza Europeo: Alla Ricerca Di Un Approccio Economico E Di Una Teoria Del Danno Per Il Consumatore, Danilo Samà

Dr. Danilo Samà

La valutazione antitrust degli sconti fedeltà nel diritto della concorrenza europeo: alla ricerca di un approccio economico e di una teoria del danno per il consumatore
Author:Dr Danilo Samà (LUISS “Guido Carli” University, Law & Economics LAB)
Abstract:L’articolo si propone di comprendere in base a quali condizioni sconti fedeltà adottati da un’impresa dominante comportino effetti anticoncorrenziali. Gli schemi fidelizzanti, infatti, sebbene estremamente frequenti nelle transazioni di mercato, qualora applicati da un’impresa dominante, rischiano di essere giudicati illeciti per sé, come comprovato dalla casistica giurisprudenziale finora emersa a livello europeo e dal severo scrutinio riservato delle autorità nazionali della …


The Antitrust Treatment Of Loyalty Discounts And Rebates In The Eu Competition Law: In Search Of An Economic Approach And A Theory Of Consumer Harm, Danilo Samà Jan 2012

The Antitrust Treatment Of Loyalty Discounts And Rebates In The Eu Competition Law: In Search Of An Economic Approach And A Theory Of Consumer Harm, Danilo Samà

Dr. Danilo Samà

The antitrust treatment of loyalty discounts and rebates in the EU competition law: in search of an economic approach and a theory of consumer harm
Author:Dr Danilo Samà (LUISS “Guido Carli” University, Law & Economics LAB)
Abstract:In the paper, the fundamental question is under what conditions loyalty discounts and rebates adopted by a dominant firm cause anti-competitive effects. Fidelity schemes, although extremely frequent in the market, if applied by a dominant firm, are likely to be judged as illegal per se, as demonstrated by the EU case-law delivered so far and the severe scrutiny reserved by the national …


Merger Control Reform In Brazil, Víctor Pavón-Villamayor Nov 2011

Merger Control Reform In Brazil, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Challenges Of Implementing Incentive Auctions In Other Economies: A Mexican Perspective, Víctor Pavón-Villamayor Oct 2011

Challenges Of Implementing Incentive Auctions In Other Economies: A Mexican Perspective, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Margin Squeeze In Mexican Mobile Telecommunications, Víctor Pavón-Villamayor Aug 2011

Margin Squeeze In Mexican Mobile Telecommunications, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Collective Choice, Justin Schwartz Jan 2011

Collective Choice, Justin Schwartz

Justin Schwartz

This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …


La Reforma De Poder Sustancial De Mercado Conjunto En México, Víctor Pavón-Villamayor Oct 2010

La Reforma De Poder Sustancial De Mercado Conjunto En México, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Mexicana De Aviación ¿Rescate O Transferencia?, Víctor Pavón-Villamayor Aug 2010

Mexicana De Aviación ¿Rescate O Transferencia?, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Competition Law Reform In Mexico: A Note On Joint Dominance, Víctor Pavón-Villamayor Jul 2010

Competition Law Reform In Mexico: A Note On Joint Dominance, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Los Enredos Por La Fibra Oscura, Víctor Pavón-Villamayor May 2010

Los Enredos Por La Fibra Oscura, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Complicaciones De La Ley De Competencia, Víctor Pavón-Villamayor Apr 2010

Complicaciones De La Ley De Competencia, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Los Temas Pendientes En Competencia, Víctor Pavón-Villamayor Mar 2010

Los Temas Pendientes En Competencia, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Reforming At A Time Of Crisis: The Mexican Experience 1994-1995 & 2008-2009, Víctor Pavón-Villamayor Jan 2010

Reforming At A Time Of Crisis: The Mexican Experience 1994-1995 & 2008-2009, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


An Economic Assessment Of Patent Settlements In The Pharmaceutical Industry, Bret Dickey, Jonathan Orszag, Laura Tyson Jan 2010

An Economic Assessment Of Patent Settlements In The Pharmaceutical Industry, Bret Dickey, Jonathan Orszag, Laura Tyson

Bret Dickey

In recent years, patent settlements between branded and generic manufacturers involving “reverse payments” from branded manufacturers to generic manufacturers have received close antitrust scrutiny, driven by concerns that such settlements harm consumers by delaying the entry of lower-priced generic drugs. It appears that such settlements will be a focus of the Obama Administration’s antitrust enforcement policy. Yet there is a growing consensus among the courts that such settlements are anticompetitive only under narrow sets of circumstances. In this paper, we present an analytical framework for evaluating the competitive effects of patent settlements, including those involving reverse payments, and demonstrate that …


Sanciones Económicas Y Compensación De Daños En El Régimen De Competencia Mexicano, Víctor Pavón-Villamayor Dec 2009

Sanciones Económicas Y Compensación De Daños En El Régimen De Competencia Mexicano, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


On Refusals To Deal In The European Competition Regime, Víctor Pavón-Villamayor Dec 2009

On Refusals To Deal In The European Competition Regime, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Crisis Económica Y Política De Competencia En México, Víctor Pavón-Villamayor Jul 2009

Crisis Económica Y Política De Competencia En México, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Crisis Económica Y Política Antimonopolios, Víctor Pavón-Villamayor May 2009

Crisis Económica Y Política Antimonopolios, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


Collusion In Convergent Markets, Víctor Pavón-Villamayor Jan 2009

Collusion In Convergent Markets, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


La Convergencia Y El Principio De La Neutralidad Tecnológica, Víctor Pavón-Villamayor Jan 2007

La Convergencia Y El Principio De La Neutralidad Tecnológica, Víctor Pavón-Villamayor

Víctor Pavón-Villamayor

No abstract provided.


¿Es La Pobreza La Causa Del Terrorismo?, Víctor Pavón-Villamayor, Jorge Velázquez-Roa Jan 2006

¿Es La Pobreza La Causa Del Terrorismo?, Víctor Pavón-Villamayor, Jorge Velázquez-Roa

Víctor Pavón-Villamayor

No abstract provided.


Guilds, Laws, And Markets For Manufactured Merchandise In Late-Medieval England, Gary Richardson Dec 2003

Guilds, Laws, And Markets For Manufactured Merchandise In Late-Medieval England, Gary Richardson

Gary Richardson

The prevailing paradigm of medieval manufacturing presumes guilds monopolized markets for durable goods in late-medieval England. The sources of the monopolies are said to have been the charters of towns, charters of guilds, parliamentary statutes, and judicial precedents. This essay examines those sources, demonstrates they did not give guilds legal monopolies in the modern sense of the word, and replaces that erroneous assumption with an accurate description of the legal institutions underlying markets for manufactures in medieval England.


From Libertarianism To Egalitarianism, Justin Schwartz Jan 1992

From Libertarianism To Egalitarianism, Justin Schwartz

Justin Schwartz

A standard natural rights argument for libertarianism is based on the labor theory of property: the idea that I own my self and my labor, and so if I "mix" my own labor with something previously unowned or to which I have a have a right, I come to own the thing with which I have mixed by labor. This initially intuitively attractive idea is at the basis of the theories of property and the role of government of John Locke and Robert Nozick. Locke saw and Nozick agreed that fairness to others requires a proviso: that I leave "enough …