The relevant market plays a dominant role in competition law. This paper acknowledges the importance of delineating the relevant market but puts more emphasis on other factors. Verifying misconduct or assessing mergers can benefit from giving a larger role to entry barriers, vertical and lateral links, information on business strategies, and dynamic considerations. While all these factors do pl...

While effective competition can force service providers to seek economically efficient methods to reduce costs, the deregulated electricity supply industry still allows some generators to exercise market power at particular locations, thereby preventing the deregulated power market to be perfectly competitive. In this paper, we investigate the interdependence of pricing mechanisms and strategy ...

In this research we study how existing market coverage affects the outcome of the Internet channel entry game between an existing retailer and a new entrant. A market is not covered when some consumers with low reservation prices are priced out by existing retailers and do not purchase. In a model with multiple existing retailers and a potential new entrant, we demonstrate that when costs are e...

This paper develops a methodological framework to help evaluate the performance of generic pharmaceutical policies post-patent expiry or after loss of exclusivity in non-tendering settings, comprising five indicators (generic availability, time delay to and speed of generic entry, number of generic competitors, price developments, and generic volume share evolution) and proposes a series of met...

This article analyzes for the pharmaceutical market in the United States, the United Kingdom, Germany, and Japan: (a) the determinants of generic entry; (b) the determinants of the entry lag when there is generic entry; and (c) the impact on original brand sales of generic entry. The results suggest that the larger the market, the greater is the probability of both generic entry and the subsequ...

This study investigates how shocks in economic conditions at entry into the labour market affect wages of low and medium-skilled workers over a large part of their careers. We use detailed German employment data in which we follow a large sample of workers from entry up to 19 years in the labour market. Long-term effects of initial economic conditions on wages are identified using variation in ...