Corporate & Securities Law

August 2009 Issue of Antitrust Source is Out

Posted on August 14, 2009
Posted by D. Daniel Sokol See here.

Collusion in markets with imperfect price information on both sides

Posted on August 13, 2009
Posted by D. Daniel Sokol Christian Schultz (Department of Economics, University of Copenhagen) analyzes Collusion in markets with imperfect price information on both sides. ABSTRACT: The paper considers tacit collusion in markets which are not fully transparent on both sides...

Strategic Vertical Pricing in the U.S. Butter Market

Posted on August 13, 2009
Posted by D. Daniel Sokol Kyle Stiegert (Wisconsin - Applied Economics) and Ying Du (Wisconsin - Applied Economics) examine Strategic Vertical Pricing in the U.S. Butter Market. ABSTRACT: This article develops a methodology for empirically analyzing vertically strategic interactions in...

Banking Deregulations, Financing Constraints and Firm Entry Size

Posted on August 13, 2009
Posted by D. Daniel Sokol William R. Kerr (Harvard Business School, Entrepreneurial Management Unit) and Ramana Nanda (Harvard Business School, Entrepreneurial Management Unit) examine Banking Deregulations, Financing Constraints and Firm Entry Size. ABSTRACT: We examine the effect of US branch...

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Make vs Buy in a Monopoly with Demand or Cost Uncertainty

Posted on August 13, 2009
Posted by D. Daniel Sokol Luca Lambertini (Department of Economics, University of Bologna) decides between Make vs Buy in a Monopoly with Demand or Cost Uncertainty. ABSTRACT: The issue of technical progress under uncertainty is nested into the debate on...

Patent Disclosure and R&D Competition in Pharmaceuticals

Posted on August 12, 2009
Posted by D. Daniel Sokol Laura Magazzini (Department of Economics, University of Verona), Fabio Pammolli (University of Florence and IMT, Lucca), Massimo Riccaboni (DISA, University of Trento) and Maria Alessandra Rossi (CLEIS, University of Siena) explain Patent Disclosure and R&D...

An Analysis of Pricing in the U.S. Cotton Seed Market

Posted on August 12, 2009
Posted by D. Daniel Sokol Guanming Shi, Kyle Stiegert, and Jean Paul Chavas (all Wisconsin Applied Economics) provide An Analysis of Pricing in the U.S. Cotton Seed Market. ABSTRACT: The purpose of the research in this paper is to investigate...

Toward A Competition Policy Agenda for Agriculture Markets

Posted on August 12, 2009
Posted by D. Daniel Sokol Phil Weiser (DOJ) provides thoughts Toward A Competition Policy Agenda for Agriculture Markets in his latest speech.

When Should States Challenge Mergers: A Proposed Federal/State Balance

Posted on August 12, 2009
Posted by D. Daniel Sokol Bob Lande (Baltimore Law) analyzes When Should States Challenge Mergers: A Proposed Federal/State Balance. ABSTRACT: This article critically analyzes the current system of United States merger enforcement, under which both federal and State antitrust enforcers...

On Regulation and Competition: Pros and Cons of a Diversified Monopolist

Posted on August 11, 2009
Posted by D. Daniel Sokol Carlo Scarpa (University of Brescia - Econ) and Giacomo Calzolari (University of Bologna - Econ) think about On Regulation and Competition: Pros and Cons of a Diversified Monopolist. ABSTRACT: We study the regulation of a...

On Public Inefficiencies in a Mixed Duopoly

Posted on August 11, 2009
Posted by D. Daniel Sokol Giuseppe De Feo (Department of Economics, University of Strathclyde) and Carlo Capuano (Department of Economics, University of Naples Federico II, Complesso Universitario di Monte S.Angelo) provide thoughts On Public Inefficiencies in a Mixed Duopoly...

Suing the Suits ? Derivative Shareholder Actions to Bring Home the Message of Antitrust

Posted on August 11, 2009
Posted by D. Daniel Sokol Florian Wagner-von Papp (UCL Law) and Arad Reisberg (UCL Law) have an interesting new paper on Suing the Suits ? Derivative Shareholder Actions to Bring Home the Message of Antitrust. ABSTRACT: This article starts by...

Financial Regulation and the Current Crisis: A Guide for the Antitrust Community

Posted on August 11, 2009
Posted by D. Daniel Sokol Larry White of NYU's Department of Economics explains Financial Regulation and the Current Crisis: A Guide for the Antitrust Community. ABSTRACT: The U.S. financial crisis of 2007-2008 has been a searing experience. The popping of...

Modern Industrial Economics and Competition Policy: Open Problems and Possible Limits

Posted on August 10, 2009
Posted by D. Daniel Sokol Oliver Budzinski (Environmental and Business Economics - University of Southern Denmark) identifies Modern Industrial Economics and Competition Policy: Open Problems and Possible Limits. ABSTRACT: Naturally, competition policy is based on competition economics made applicable in...

The ACCC Merger Guidelines: A Review

Posted on August 10, 2009
Posted by D. Daniel Sokol Henry Ergas, Concept Economics, Eric Kodjo Ralph, EKonomics LLC, and Alex Robson, Concept Economics explain The ACCC Merger Guidelines: A Review. ABSTRACT: The Merger Guidelines released in March 2008 by the Australian Competition and Consumer...

Organization, Control and the Single Entity Defense in Antitrust

Posted on August 10, 2009
Posted by D. Daniel Sokol Dean Williamson (DOJ) analyzes Organization, Control and the Single Entity Defense in Antitrust. ABSTRACT: Since at least the 1930's economists have puzzled over how to delineate the boundaries of the firm. With the advent of...

"Are Commissioner Suspensions Really Any Different from Illegal Group Boycotts? Analyzing Whether the NFL Personal Conduct Policy Illegally Restrains Trade

Posted on August 10, 2009
Posted by D. Daniel Sokol Marc Edelman, Rutgers School of Law-Camden has posted Are Commissioner Suspensions Really Any Different from Illegal Group Boycotts? Analyzing Whether the NFL Personal Conduct Policy Illegally Restrains Trade. ABSTRACT: This Article explains why some courts...

European Commission Slammed for Intel Case Lapse

Posted on August 09, 2009
Posted by D. Daniel Sokol This is not good news regarding the rule of law. According to the Wall Street Journal, "The European Union's ombudsman issued a rare rebuke of the bloc's antitrust regulator, saying it failed to record 'potentially...

The Pharmaceutical Industry Antitrust Handbook

Posted on August 08, 2009
Posted by D. Daniel Sokol The Pharmaceutical Industry Antitrust Handbook BOOK ABSTRACT: With pharmaceuticals representing such an important part of the nation's economy and the health care sector, competition in the pharmaceutical industry is crucial to provide the best quality...

Regulatory Specialization, Judicial Discretion, and the Evolution of Legal Constraints on Anticompetitive Practices: An Empirical Analysis

Posted on August 07, 2009
Posted by D. Daniel Sokol Reza Rajabiun, York University provides thoughts on Regulatory Specialization, Judicial Discretion, and the Evolution of Legal Constraints on Anticompetitive Practices: An Empirical Analysis. ABSTRACT: The role of private enforcers in the implementation of laws against...

Chinese Merger Control: Patterns and Implications

Posted on August 07, 2009
Posted by D. Daniel Sokol Xinzhu Zhang, Chinese Academy of Social Sciences - Research Center for Regulation and Competition, and Vanessa Yanhua Zhang, LECG analyze Chinese Merger Control: Patterns and Implications. ABSTRACT: China?s Anti-Monopoly Law has been effective since August...

A Tale of the Google Book Settlement and the Public Interest: Conclusions On The Competitive Elements

Posted on August 07, 2009
Posted by D. Daniel Sokol ?A Tale of the Google Book Settlement and the Public Interest: Conclusions On The Competitive Elements? Tuesday, August 11, 2009 12:00 ? 2:00 pm The National Press Club, Washington, D.C. A debate is brewing over...

Modern Industrial Economics and Competition Policy: Open Problems and Possible Limits

Posted on August 07, 2009
Posted by D. Daniel Sokol Oliver Budzinski (Environmental and Business Economics - University of Southern Denmark) explores Modern Industrial Economics and Competition Policy: Open Problems and Possible Limits. ABSTRACT: Naturally, competition policy is based on competition economics made applicable in...

Are European Commission Fines Excessive?

Posted on August 07, 2009
Posted by D. Daniel Sokol Yes they are, according to a new paper by the International Chamber of Commerce.

Justice Department and USDA to Hold Public Workshops to Explore Competition Issues in the Agriculture Industry

Posted on August 06, 2009
Posted by D. Daniel Sokol According to the DOJ press release there will be a series of conferences. I hope that DOJ takes my previous advice and begins each panel by asking each panelist who has paid for their testimony....

Exclusive Dealing and Large Distributors

Posted on August 06, 2009
Posted by D. Daniel Sokol Ryoko Oki (Graduate School of Economics, University of Tokyo) and Noriyuki Yanagawa (Faculty of Economics, University of Tokyo) analyze Exclusive Dealing and Large Distributors. ABSTRACT: A seminal work by Fumagalli and Motta (2006) explored that...

First mover advantage in a dynamic duopoly with spillover

Posted on August 06, 2009
Posted by D. Daniel Sokol Gianluca Femminis (DISCE, Università Cattolica) and Gianmaria Martini (Università di Bergamo) explore First mover advantage in a dynamic duopoly with spillover. ABSTRACT: We present a dynamic duopoly model of technical innovation where R&D costs decrease...

Remove "Interim" From the Title - Aitken Gets 5 Year Appointment

Posted on August 06, 2009
Posted by D. Daniel Sokol In a well deserved promotion, Melanie Aitken has been appointed for a five year term to head Canada's Competition Bureau.

Complementing Substitutes: Bundling, Compatibility, and Entry

Posted on August 06, 2009
Posted by D. Daniel Sokol Emanuela Carbonara, University of Bologna - Department of Economics, Giuseppe Dari-Mattiacci, University of Amsterdam - Amsterdam Center for Law and Economics (ACLE), Francesco Parisi, University of Minnesota - Law School, and Matteo Alvisi, University of...

Access v. Efficiency: Reflections on the Consequences of Twombly and Iqbal

Posted on August 06, 2009
Posted by D. Daniel Sokol Arthur R. Miller (NYU Law) explores Access v. Efficiency: Reflections on the Consequences of Twombly and Iqbal. ABSTRACT: In Bell Atlantic Corp. v. Twombly and Ashcroft v. Iqbal, the Supreme Court discarded a half century?s....

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