Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
20,285
result(s) for
"Antitrust policy"
Sort by:
Attractive target for tax avoidance: trade liberalization and entry mode
Growing foreign direct investments (FDIs) have been observed in parallel to the development of tax avoidance by multinational enterprises; however, empirical evidence indicates the asymmetric effects of trade costs on a firm’s entry decision. To give a new rationale and insights into the impacts of transfer pricing and trade liberalization on a firm’s global activities, this study incorporates transfer pricing and investigates a foreign firm’s entry decision: exports, greenfield FDI (GFDI), or cross-border mergers and acquisitions (CM&As). We show that CM&A is the equilibrium entry mode when transfer pricing regulation is loose, whereas the choice between exports and GFDI depends on the fixed costs of GFDI. Moreover, trade liberalization increases the likelihood of CM&A but decreases that of exports because a reduction in trade costs enhances tax-avoidance efficiency due to more intrafirm trade, implying that tax avoidance in the form of CM&A becomes crucial as globalization progresses. Our welfare analysis shows that regulating CM&A based on consumers’ benefits may result in welfare reduction because profit shifting is most effective under CM&A and a host country’s tax revenue from the foreign firm increases. The results imply the importance of considering the link between international tax and antitrust policies.
Journal Article
Antitrust in Innovative Industries
We study the effects of antitrust policy in industries with continual innovation. Antitrust policies that restrict incumbent behavior toward new entrants may have conflicting effects on innovation incentives, raising the profits of new entrants, but lowering those of continuing incumbents. We show that the direction of the net effect can be determined by analyzing shifts in innovation benefit and supply, holding the innovation rate fixed. We apply this framework to analyze several specific antitrust policies. We also show that, in some cases, the tension does not arise, and policies that protect entrants necessarily raise the rate of innovation.
Journal Article
U.S. Antitrust Policy in the Age of Amazon, Google, Microsoft, Apple, Netflix and Facebook
Sweeping changes have disrupted society courtesy of the Information Revolution, presenting great opportunities in radically transformed economic markets but also great challenges in adapting to new and different forms of organization. Antitrust laws and other elements of competition policy are being re-examined. Specifically, the House Judiciary Committee conducted hearings in 2020 in which it asked key questions about the pattern of development in U.S. markets and options for policy reform. This paper, answering such queries, finds strong evidence for the view that, relative to practical alternatives that include E.U.-style regulation, digital markets in the U.S. appear robust, generating considerable innovation that produces pro-consumer outcomes. The global Internet is dominated by U.S.-developed technologies and business models discovered and deployed in a process of competitive rivalry. Even given imperfect rules and regulations, U.S. markets have contributed strongly to economic advances embraced around the world.
Journal Article
Antitrust institutions and policies in the globalising economy
\"Eleonora Poli provides a coherent and comprehensive explanation of the diffusion of liberal and neo-liberal competition policies in the USA, Europe, Japan and the BRICS from an international political economy perspective. She investigates whether, how and why these countries have progressively changed their respective interpretations of market competition in light of major economic crises or political and economic issues, giving rise to the current neo-liberal era. More specifically, she analyses whether they responded to each downturn or pressure from the international arena through the enforcement of antitrust regimes and, if so, how and why specific institutional changes were implemented. In doing so, she focuses on whether policy diffusion mechanisms favoured the adoption of similar antitrust policies. \"-- Provided by publisher.
Book
The Intellectual Property-Antitrust Interface
There is a tension between the antitrust laws and the intellectual property (IP) laws. Both aim to promote social welfare, but their focus differs. By and large, antitrust law aims to promote competition and static welfare. In contrast, IP law permits static welfare losses in exchange for dynamic welfare gains. Thus, there is a tradeoff between static and dynamic welfare considerations. This tradeoff leads to a natural tension between IP law and antitrust policy. Implicitly, we believe that the benefits of long-term progress outweigh the short-run welfare losses that are due to the mis-allocation of resources. This can be seen in our Special Issue.
Journal Article
Multisided Platforms, Big Data, and a Little Antitrust Policy
Commentators on both the right and the left ends of the political spectrum have called for new and more forceful approaches to antitrust enforcement with respect to large multisided platforms: especially Amazon, Facebook, and Google. In part, these calls have been driven by the fact that these platforms have business models that make extensive use of data about their users. This article surveys what economics has to say about a wide range of antitrust issues—including the treatment of exclusionary conduct, merger, and privacy—that are raised by multisided platforms’ reliance on big data collected about their users.
Journal Article