Dismissive Reviews, Citation Cartels, and the Replication Crisis
The study delves into the replication crisis in research, citing factors influencing research credibility such as sample size, effect size, and financial interests. It highlights issues like gaming the system, P-hacking, and data sharing reluctance. The growth of Metascience as a response to these c
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Understanding Antitrust: Role, Objectives, and Challenges in Modern Economics
Antitrust laws aim to promote fair competition, protect consumer welfare, and uphold economic efficiency. The Antitrust authority plays a crucial role in preventing abuses, cartels, and monopolies, ultimately benefitting consumers through lower prices, innovation, and choice. The evolving landscape
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Insights into Legal Cartels for Competition Policy
Legal cartels offer valuable insights for competition policy, shedding light on elusive cartels, the upside of legal cartels, and what cartels look like. Through studying legal cartels, researchers aim to understand their impact, characteristics, and implications for antitrust measures. By analyzing
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Understanding Market Sharing Cartel in Oligopolistic Markets
Market sharing cartels in oligopolistic markets involve firms entering agreements to share the market while retaining some autonomy in their operations. Two main methods are non-price competition and quota systems. Non-price competition involves firms agreeing on a common price to maintain profits w
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Understanding Market Sharing Cartels in Oligopolistic Markets
Perfect collusion in oligopolistic markets often involves market-sharing cartels, where member firms agree to share the market while allowing some degree of freedom in their decisions. This can be done through non-price competition or quota agreements. Non-price competition cartels involve setting a
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Understanding Oligopoly Market Structure
This content delves into oligopoly, a market structure characterized by high concentration ratios and strategic interactions among a few sellers. It explores market concentration ratios in various U.S. industries, strategic behavior in oligopoly, and the challenges of collusion. Through examples lik
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Risks and Considerations in Joint Purchasing Agreements
Evaluating the potential risks associated with joint purchasing agreements, this review explores factors such as competition effects, buyer-seller relationships, and downstream impacts. It highlights the importance of distinguishing between buyer cartels and acceptable joint purchase agreements to e
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Global Impact of Auto Parts Investigation and Cartel Enforcement
The Auto Parts Investigation led by Scott D. Hammond sheds light on the largest criminal antitrust probe, with fines imposed on companies, individuals pleading guilty, and coordination with global enforcers. The investigation uncovered collusion in the auto industry, including price-fixing, bid-rigg
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Mexican Drug Cartels: Power and Influence Through Decades
Explore the rise and influence of Mexican drug cartels such as Tijuana, Juarez, Gulf, and Sinaloa from the 1970s to the 2010s. Delve into their history, cultural impact, and current trends, shedding light on the complex dynamics shaping the world of drug trafficking in Mexico.
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Antitrust Overview and Application to Big Tech Companies
Antitrust laws are enforced by agencies like the DoJ, FTC, and European Commission to prevent anti-competitive practices. Violations include conspiracies to fix prices or reduce output and unilateral actions by a single firm. Cartels and conspiracies are illegal, and companies can face severe penalt
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Overview of Competition Law in Botswana
The presentation outlines key aspects of the Competition Law of Botswana, including the rationale behind it, expectations, and the elements of the Competition Act. It highlights the need for competition policy to safeguard local businesses and promote economic diversification. The law aims to regula
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