Essays in antitrust economics

V.C.H.M. Verouden

Research output: ThesisDoctoral ThesisScientific

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Abstract

Competition law - or antitrust law, as it is called in the United States - is a field of law to which economic concepts, such as "restriction of competition" and "anti-competitive effect", are of central importance. This thesis analyses a number of such concepts, both from an economic and a legal perspective. The first part reviews the economic literature on the competitive effects of vertical agreements (agreements concluded between firms operating at different levels of the production or distribution chain) and studies the role of economic analysis in the application of the EU competition rules towards such agreements. The second part of the thesis provides three applications of the game-theoretic analysis of restrictive practices. In two chapters, the rationale behind a particular type of restrictive practice, namely resale price maintenance, is tested in specific market circumstances. The final chapter is about cartel formation in industries where firms are uncertain about each other's pricing incentives. In a specific model, the general conception is tested that the likelihood of firms forming a cartel is greater in concentrated industries than in industries with many firms.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • van Damme, Eric, Promotor
Award date25 Jun 2001
Place of PublicationTilburg
Publisher
Print ISBNs9056680862
Publication statusPublished - 2001

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Economics
Industry
Cartel
Competitive effect
Rationale
Resale price maintenance
Competition law
Incentives
Antitrust law
Conception
Economic analysis
Pricing

Cite this

Verouden, V. C. H. M. (2001). Essays in antitrust economics. Tilburg: CentER, Center for Economic Research.
Verouden, V.C.H.M.. / Essays in antitrust economics. Tilburg : CentER, Center for Economic Research, 2001. 225 p.
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author = "V.C.H.M. Verouden",
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Verouden, VCHM 2001, 'Essays in antitrust economics', Doctor of Philosophy, Tilburg University, Tilburg.

Essays in antitrust economics. / Verouden, V.C.H.M.

Tilburg : CentER, Center for Economic Research, 2001. 225 p.

Research output: ThesisDoctoral ThesisScientific

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T1 - Essays in antitrust economics

AU - Verouden, V.C.H.M.

PY - 2001

Y1 - 2001

N2 - Competition law - or antitrust law, as it is called in the United States - is a field of law to which economic concepts, such as "restriction of competition" and "anti-competitive effect", are of central importance. This thesis analyses a number of such concepts, both from an economic and a legal perspective. The first part reviews the economic literature on the competitive effects of vertical agreements (agreements concluded between firms operating at different levels of the production or distribution chain) and studies the role of economic analysis in the application of the EU competition rules towards such agreements. The second part of the thesis provides three applications of the game-theoretic analysis of restrictive practices. In two chapters, the rationale behind a particular type of restrictive practice, namely resale price maintenance, is tested in specific market circumstances. The final chapter is about cartel formation in industries where firms are uncertain about each other's pricing incentives. In a specific model, the general conception is tested that the likelihood of firms forming a cartel is greater in concentrated industries than in industries with many firms.

AB - Competition law - or antitrust law, as it is called in the United States - is a field of law to which economic concepts, such as "restriction of competition" and "anti-competitive effect", are of central importance. This thesis analyses a number of such concepts, both from an economic and a legal perspective. The first part reviews the economic literature on the competitive effects of vertical agreements (agreements concluded between firms operating at different levels of the production or distribution chain) and studies the role of economic analysis in the application of the EU competition rules towards such agreements. The second part of the thesis provides three applications of the game-theoretic analysis of restrictive practices. In two chapters, the rationale behind a particular type of restrictive practice, namely resale price maintenance, is tested in specific market circumstances. The final chapter is about cartel formation in industries where firms are uncertain about each other's pricing incentives. In a specific model, the general conception is tested that the likelihood of firms forming a cartel is greater in concentrated industries than in industries with many firms.

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ER -

Verouden VCHM. Essays in antitrust economics. Tilburg: CentER, Center for Economic Research, 2001. 225 p. (CentER Dissertation Series).