Abstract
| Original language | English |
|---|---|
| Place of Publication | Tilburg |
| Publisher | TILEC |
| Volume | 2011-022 |
| Publication status | Published - 2011 |
Publication series
| Name | TILEC Discussion Paper |
|---|---|
| Volume | 2011-022 |
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Keywords
- Price-cost margin
- Competition law
- Antitrust immunity
- Antitrust enforcement
- Dynamic panel data model
- the Netherlands
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Competition Law, Antitrust Immunity and Profits : A Dynamic Panel Analysis. / Brouwer, E.; Ozbugday, F.C.
Tilburg : TILEC, 2011. (TILEC Discussion Paper; Vol. 2011-022).Research output: Working paper › Discussion paper › Other research output
TY - UNPB
T1 - Competition Law, Antitrust Immunity and Profits
T2 - A Dynamic Panel Analysis
AU - Brouwer, E.
AU - Ozbugday, F.C.
PY - 2011
Y1 - 2011
N2 - This paper tests whether the transition from the old Economic Competition Act, which was based on the so-called "abuse system", to the new Competition Act, which was based on "prohibition system", in the Netherlands had an impact on the price-cost margins in manufacturing industries during the period 1993-2007. The paper further investigates if the price-cost margins were higher in industries where temporary antitrust immunity was granted for subset of firms that engaged in concerted practices. The results indicate that the change in the competition law in the Netherlands had a very small and negative, yet statistically insignificant deterrent effect on the price-cost margins. Elsewhere, markups were higher in industries in which temporary antitrust immunity was granted for some class of coordinated actions.
AB - This paper tests whether the transition from the old Economic Competition Act, which was based on the so-called "abuse system", to the new Competition Act, which was based on "prohibition system", in the Netherlands had an impact on the price-cost margins in manufacturing industries during the period 1993-2007. The paper further investigates if the price-cost margins were higher in industries where temporary antitrust immunity was granted for subset of firms that engaged in concerted practices. The results indicate that the change in the competition law in the Netherlands had a very small and negative, yet statistically insignificant deterrent effect on the price-cost margins. Elsewhere, markups were higher in industries in which temporary antitrust immunity was granted for some class of coordinated actions.
KW - Price-cost margin
KW - Competition law
KW - Antitrust immunity
KW - Antitrust enforcement
KW - Dynamic panel data model
KW - the Netherlands
M3 - Discussion paper
VL - 2011-022
T3 - TILEC Discussion Paper
BT - Competition Law, Antitrust Immunity and Profits
PB - TILEC
CY - Tilburg
ER -