Published in Journal of Medical Systems
In light of recent health policy efforts to promote price transparency, this perspective reviews the challenges and benefits of price transparency. These price transparency efforts include the recent executive order and associated rulemaking directing providers to disclose negotiated and out-of-pocket costs for “shoppable” healthcare services. Firs...
We evaluate whether an econometric technique that is used in the spatial econometrics and network effects literature can be adopted as a test for collusive bidding in public procurement auctions. The proposed method is applied to the Swedish asphalt cartel that was discovered in 2001. Our dataset covers the period 1995–2009, which makes it possible...
The United States and the European Union operate in the world’s two most powerful systems of competition law and policy, whose enforcement and judicial institutions employ similar concepts and legal language. Nevertheless, the two systems have reached different results across a number of significant antitrust issues. One such issue is the approach ...
Published in British Journal of American Legal Studies
The purpose of regulating any profession is to assure competent practitioners, particularly where its absence can cause irreparable harm. Regulatory “licensing” ideally achieves such assurance, while at the same time avoiding unnecessary supply constriction. The latter can mean much higher prices and an inadequate number of practitioners. Regrettab...
The Directorate General for Competition at the European Commission enforces competition law in the areas of antitrust, merger control, and state aids. This year’s article provides first a general presentation of the role of the Chief Competition Economist’s team and surveys some of the main achievements of the Directorate General for Competition ov...
Abstract Success in law enforcement of cartel cases hinges on solid investigation procedures and effective punishment. However, the existing legal framework provides guidance on computing fines based on sales revenue, even though it mentions such fines must be no lower than cartel gains. Using data from a real case in Brazil, this paper has two aim...
This paper presents the late convergence process from US economists that led them to support a strong antitrust enforcement in the late thirties despite their long standing distrust toward this legislation. The 1945 Alcoa decision crafted by Judge Hand embodied the results of this convergence. The purpose of antitrust law enforcement does not consi...
International audience
GAFAM is a set of companies that does business first. GAFAM members have the ability to generate huge profits, out of proportion to their size. The business model is based on some wonderful bargain effects (effet d’aubaine”). The new digital economy is immediately global and not only national.It develops an economic activity with increasing returns...
