Czarny, Mariusz Poland Unknown Project Manager Building Consultancy @ Czerwińska Nojszewska, Patrycja Poland Warsaw. Monopoly – exercises 1 Exercise (E. Czarny, E. Nojszewska, Mikroekonomia – zbiór zada ń) The monopolist’s inverse demand function is given by: P (q). Exercise (E. Czarny, E. Nojszewska, Mikroekonomia – zbiór zada ń) The price elasticity of demand for the good produced by a monopoly is equal to –3.
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Competition law should be applied only in cases when the competition authority can prove the existence of an overt collusion but not in cases of tacit ones. A company or a consumer who suffered losses, due to monopolistic practices of a dominant undertaking or a cartel, may relay on private enforcement to alleviate them.
Since then 16 leniency notices have been filed with the Office.
Gronowski, Ustawa antymonopolowa — komentarz, Warszawap. The economic concept of market failures justifies the implementation of competition law in order to limit or eliminate negative external effects of business activities.
Second Edition, West Publishing This is essential for increasing market transparency which may be facilitated by the following factors: Conduct of competitors in an oligopoly is explained by the interdependence theory formulated by Augustin Cournot.
Hovenkamp, The Antitrust Enterprise. Another model for analysing the equilibrium in a nojszewskx was formulated by Joseph Bertrand who examined the price interdependence of market behaviour of companies.
Calaméo – Economic Approach to Counteracting Cartels
Principle and Execution, Harvard Economic Approach to Counteracting Cartels. Polish experiences show also that the competition authority should treat leniency notices with extreme prudence because it is possible that the applicant is more intent on harming its competitors than on benefiting from a penalty reduction.
It was analysed by the UOKiK in its explanatory proceedings concerning fuel prices at local gas stations28 discontinued in the end, when the uniformization retail prices was found to be the result of parallel actions of gas station owners or price following.
The liberal economists of the Chicago and post-Chicago School believe that, except for the monitoring of large concentrations and cartels, administrative intervention in anti-competitive business behaviour is nokszewska. It is likely that the weak discipline of Polish cartels results from a general lack of social capital the inability to co-operate among Poles in various areas including, most probably, also cartel agreements.
Polish entrepreneurs are quite frequently unaware 1 Journal of Laws No 50, itemwith subsequent amendments. Why are these agreements subject to the highest fines and, in some countries USA, Canada, Mexico, UKsubject to both fines as well as imprisonment? Theory and Practice, Cambridgep. Principle and Execution, Harvard Economic Notes and Other Materials. Motta, Competition Policy, p.
Economic Approach to Counteracting Cartels
The absolute prohibition of cartels results from the fact that they lead to the monopolisation of the economy that restricts or even eliminates competition with all the negative consequences thereof. The main characteristics of oligopoly include: Nojszewska, Mikroekonomia, Warszawap. Analysis and Antitrust Implications, New York Theory and Practice, Cambridge The evaluation of actual prices requires an analysis of prices czarby a particular period.
Cazrny interdependence theories of oligopolistic markets were developed further by the game theory.
Williamson, Markets and Hierarchies. Hovenkamp, The Antitrust Enterprise…, p.
Clearly, this is oligopolistic competition consisting of interdependent price adjustments among competitors. Turn it on to take full advantage of this site, nojszewskw refresh the page. Competition authorities are thus required 10 Ibidem, p.
These effects are associated with the exercise of monopolistic practices. Theory and Practice, Cambridge Interdependence generating market followers is reached through market research and strategic planning, or even by playing a sophisticated business game in order to mislead other market players.