Our economists publish research papers, write notes and make presentations on projects we have worked on. Have a look to our publications below:
This report deals with the provision of content and other applications to Internet users. The first part is focused on information/entertainment content applications. The second one addresses the issue of e-commerce.
Leniency programs reduce sanctions for law violators that self-report. We focus on their ability to deter cartels and organized crime by increasing incentives to “cheat” on partners. Optimally designed “courageous” leniency programs reward the first party that reports with the fines paid by all other parties, and achieve the first best: complete and costless deterrence. […] Read more
This paper analyzes the consequences of the size of an auction, in terms of the volume of product and the time lenght covered by the auctioned contract, on the incentive bidders have to collude. The paper shows that the recommendation to increase as much as possible the auction size in order to prevent bidders from […] Read more
I describe a price game in which consumers face search costs and base their quantity decision on the expected price. Because of search costs, the choice of the firm they will buy from is described by a random process. I show that the expected equilibrium price is above the monopoly price. This result does not […] Read more
This paper analyses the main antitrust decisions in the agribusiness sector in Europe. First, legislation and economic principles are recalled. Then for input suppliers, farmers, manufacturers, and retailers, we give a brief presentation of the market structure and discuss the main competition concerns according to the most recent antitrust decisions. Farmers are the weakest link […] Read more
Economic evidence and proof of a collusive agreement. I investigate whether some economic observations may contribute to prove the existence of an illegal collusive agreement. The facts analyzed are: simultaneous increase in prices, price parallelism, market shares stability, price similarity among firms when firms have different costs, price similarity among firms and products when products […] Read more
Antitrust authorities often consider parallelism of firms’ strategies and market share stability as clues of illegal collusion in the form of concerted practices. In this paper I show that this inference may be contrary to some theoretical results. I develop a model of price competition with differentiated products in which demand and costs vary over […] Read more