| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4612 |
| DP4612 Do Retail Incentives Work in Privatizations? | |
| Matti Keloharju; Sami Torstila; Samuli Knüpfer | |
| 发表日期 | 2004-09-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This essay describes an approach for designing antitrust rules for assessing whether firms have engaged in anticompetitive unilateral practices that is based in part on the error-cost framework pioneered by Judge Easterbrook. We focus particularly on the role of economic theory and evidence in forming presumptions about the likelihood that unilateral business practices reduce welfare and on the implications of this role for the kinds of research that economists need to conduct concerning unilateral business practices. We then apply this approach to tying. Our approach towards designing legal rules proceeds in two steps. First, economic theory and empirical evidence are used to formulate explicitly a set of presumptions regarding the cost and likelihood of errors resulting from condemning welfare-increasing business practices or condoning welfare-reducing ones. Second, based on those presumptions, a legal rule that minimizes the cost of errors is selected. We will refer to this as a neo-Chicago approach, since it accepts the fundamental tenet of Chicago thinking that legal rules and legal outcomes can and should be assessed based on their efficiency properties, while also incorporating the learning of the Chicago and post-Chicago literatures in designing these rules. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp4612 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533533 |
| 推荐引用方式 GB/T 7714 | Matti Keloharju,Sami Torstila,Samuli Knüpfer. DP4612 Do Retail Incentives Work in Privatizations?. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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