Read what we write

Our economists publish research papers, write notes and make presentations on projects we have worked on. Have a look to our publications below:

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15 February 2000 - Research Papers , Abuse of Dominance, Competition Economics, Mergers

Scelte di policy e definizione del mercato rilevante: un modello strategico

Published by the Italian Competition Authority in its series Temi e problemi n. 10

14 February 2000 - Research Papers , Cartels, Competition Economics

The Effects of Leniency on Illegal Transactions: How (Not) to Fight Corruption

We study the consequences of ‘leniency’ – reduced legal sanctions for wrongdoers who spontaneously self-report to law enforcers – on corruption, drug dealing, and other forms of sequential, bilateral, illegal trade. We find that when not properly designed, leniency may be highly counterproductive. In reality leniency is typically “moderate,” in the sense of only reducing, […] Read more

15 November 1999 - Research Papers , Cartels, Competition Economics

On Interdependent Supergames: Multimarket Contact, Concavity, and Collusion

Following Bernheim and Whinston (1990), this paper addresses the effects of multimarket contact on firms’ ability to collude. Real world imperfections tend to make firms’ objective function strictly concave and market supergames “interdependent”: firms’ payoffs in each market depend on how they are doing in others. Then, multimarket contact always facilitates collusion. It may even […] Read more

14 September 1999 - Research Papers , Abuse of Dominance, Competition Economics, Cooperation and Vertical Agreements, Mergers, Regulation

Access to an Essential Facility: Efficient Component Pricing Rule or Unrestricted Private Property Rights

In this paper we compare the access to an essential facility in two different property rights regimes. In one of them, the owner of the facility has a full private property right. In the other, access is regulated according to the efficient component pricing rule. Proponents of the second regime claim that this rule is […] Read more