• Publications
  • Influence
Collusive Price Rigidity under Price- Matching Punishments
By analysing an infinitely repeated game where unit costs alternate stochastically between low and high states and where firms follow a price-matching punishment strategy, we demonstrate that theExpand
  • 14
  • 2
  • PDF
Default effects, transaction costs, and imperfect information
We develop a decision framework with imperfect information to analyze the effects of transaction costs on the tendency for individuals to remain with a default option. We demonstrate how transactionExpand
  • 10
  • 1
When are Excessive Prices Unfair
A dominant firm can abuse its position by charging unfair prices under EU competition law. According to the Court of Justice of the European Union in United Brands, a price is abusive if (1) theExpand
  • 20
  • 1
  • PDF
Assessing the effectiveness of potential remedies in final consumer markets
A report prepared for the OFT by Luke Garrod, Morten Hviid, Graham Loomes and Catherine Waddams Price of the ESRC Centre for Competition Policy. This publication (excluding the OFT logo) may beExpand
  • 10
  • 1
  • PDF
Competition Remedies in Consumer Markets
  • 15
Investigating Motives Behind Punishment and Sacrifice: A Within-Subject Analysis
We analyse an experiment that observes each subject’s behaviour for both roles in the ultimatum and dictator game, and two modified ultimatum games where in the event of a decline the proposer andExpand
  • 2
The (Un)intended Consequences of Refund Policies in Add-On Markets
Some recent policy interventions have enhanced consumer rights by providing mandatory refunds in the markets for add-on goods. This paper provides a theoretical analysis of their e ects onExpand
GRIPS Discussion Paper 12-16 Default Effects , Transaction Costs , and Imperfect Information
We develop a decision framework with imperfect information to analyze the effects of transaction costs on the tendency for individuals to remain with a default option. We demonstrate how transactionExpand
Early Settlements and Errors in Merger Control
We develop a model of remedy offers made to an expert agency which has powers to act before any harm is experienced and is required to decide on the basis of tangible evidence. The model provides aExpand
  • 7
  • PDF
1 When Are Excessive Prices Unfair ?
A dominant firm can abuse its position by charging unfair prices under EU competition law. According to the ECJ in United Brands, a price is abusive if (i) the price-cost margin is excessive and (ii)Expand
...
1
2
3
4
...