ABSTRACT Despite the deterrence effect generated by antitrust laws, fact is that many collusive agreements end up forming in economy. An essential task to understand how distinct market characteristics affect cartel profits and damages. This paper develops a theoretical model assess which of price-fixing are related greater damage consumers. Results indicate following as responsible for damage:...

Coronary artery bypass grafting surgery (CABG) has been persuasively shown to prolong life expectancy in a broad spectrum of patients with severe ischemic heart disease.1 Improvements in the procedure during the past 2 decades have allowed operative mortality rates to fall while disease severity, comorbidity rate, and procedural complexity have increased. In one area, however, evidence of impro...

This paper analyses the development of mobile telephony in France and Germany in 1998–2002. We conduct this analysis in relation to the antitrust investigation initiated by the French competition authority in 2002 due to exchange of strategic information and a share-fixing agreement between network operators. The results suggest a significant difference between price elasticities of demand in t...

Price-fixing is characterized when firms are concerned about creating suspicions about collusion and bringing forth antitrust penalties. Antitrust laws have a complex effect on pricing as they influence the conditions determining the internal stability of the cartel. Dynamics are driven by two forces the sensitivity of detection to price movements causes a cartel to gradually raise price while ...