Commentary Elsewhere: from writers around the web. Please note the explanation of this section on the “About the Site” page.
From Antitrust & Competition Policy Blog: Umbrella Effects
“Roman Inderst (Johann Wolfgang Goethe-Universitat, Frankfurt/Main) and Frank Maier-Rigaud (IESEG School of Management (LEM-CNRS)) examine Umbrella Effects. ABSTRACT: We analyse the key determinants of umbrella effects, which arise when the price increase or quantity reduction of a cartel diverts demand…”