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Strategic delegation analysis has been limited to sales delegation cases, until Jansen et al. (International Journal of Industrial Organization 25:531–539, 2007) presented the case of market share delegation. In international trade theory, export rivalry and import protection have always...
The authors review the foundation for incorporating market concentration directly into consumer utility functions, and develop a general equilibrium model to derive welfare-maximizing principles for optimal enforcement of antitrust policies toward concentrated market structures, including merger...
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