Inferring the Effects of Vertical Integration from Entry Games : An Analysis of the Generic Pharmaceutical Industry

This paper introduces a novel method for examining the effects of vertical integration. The basic idea is to estimate the parameters of a vertical entry game. By carefully specifying firms' payoff equations and constructing appropriate tests, it is possible to use estimates on rival profit effects to make inferences about the existence of vertical foreclosure. I estimate the vertical entry model using data from the US generic pharmaceutical industry. The estimates indicate that vertical integration is unlikely to generate anticompetitive foreclosure effects. On the other hand, significant efficiency effects are found to arise from vertical integration. I use the parameter estimates to simulate a policy that bans vertically integrated entry. The simulation results suggest that such a ban is counterproductive; it is likely to reduce entry into smaller markets.

Impact evaluations of Federal Trade Commission vertical restraints cases /

Item 535

Competition policy costs to firms

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics

Competition policy costs to firms

The existence of competition policy forces companies to adjust their behaviour. This is also costly. Using a database from a company on contracts, I will try to estimate if a specific competition policy disposition, supply contracts cannot be longer than 60 months, has costs for the coffee suppliers operating in the Portuguese “on-trade” coffee market. The estimation method used in this paper will be OLS. The results suggest that limiting the duration of exclusivity contracts to 60 months can be harmful to the coffee suppliers and it can even seriously affect the market functioning. Key

Restrições verticais no setor automotivo: barreiras à entrada de novos concessionários

Os objetivos deste trabalho são (i) revisar a literatura econômica sobre restrições verticais, destacando efeitos pró-eficiência e anticompetitivos de sua adoção; (ii) apresentar aspectos institucionais da adoção de restrições verticais na distribuição de automóveis novos nos Estados Unidos e no Brasil, analisando a evolução recente da relação entre montadoras e concessionárias de automóveis no país; e (iii) investigar, a partir de dados sobre a localização de concessionárias no Brasil e sobre os condicionantes da demanda e da oferta de automóveis no país, os efeitos da entrada de concessionárias em mercados previamente monopolizados. Com relação a este último objetivo, um modelo de escolha binária foi adaptado de Bresnahan e Reiss (1990), a partir do qual concluiu-se que os custos fixos de entrada de uma segunda concessionária parecem ser, em média, menores do que os custos fixos da entrada da primeira concessionária, e que os lucros de duopólio parecem ser significativamente menores do que os de monopólio, indicando, ao contrário do observado em Bresnahan e Reiss (1990) com relação ao mercado norte-americano, concorrência entre concessionárias. Finalmente, possíveis implicações destas conclusões são discutidas.

Restrições verticais e defesa da concorrência: a experiência brasileira

This article reviews the Brazilian competition policy with regard to vertical restraints. Although relatively short, the Brazilian experience is surprisingly rich and consistent, particularly in comparison with the quite volatile U.S. enforcement towards vertical restraints, which ranged from severe interventions to an absolutely lenient approach. A significant number of the most important antitrust cases in Brazil are related to vertical restraints, and one of them resulted in the highest fine ever applied to a company by Brazilian authorities. Moreover, the necessary conditions to characterize an antitrust offence are relatively well set, comprising three main steps of investigation: a) the existence of dominant position, b) the feasibility and economic rationality of market foreclosure and raising the costs of rivals, and c) the efficiencies related to vertical control. The article comprises a summary of the economic controversy regarding vertical restraints, and a summary of the main cases decided by the Brazilian Commission (Cade).

Monopoly in the UK:what determines whether the MMC finds against the investigated firms?

This paper draws on data from 73 UK Monopolies and Mergers Commission reports on monopoly between 1973 and 1995. It shows that there is a roughly two in three chance that the Commission will come to an adverse conclusion against the investigated firms in a given case. 75–80% of decisions can be explained purely in terms of the market share of the leading firm and knowledge of the broad nature of the alleged anti-competitive practice. An adverse finding is most likely in cases involving exclusive dealing, and least likely where other vertical restraints are involved.

The Inadequacy Of The Y-axis Of Growth (sngn) For The Vertical Pattern Assessment In Patients With Sagittal Discrepancies.

The aim of this cephalometric study was to evaluate the influence of the sagittal skeletal pattern on the 'Y-axis of growth' measurement in patients with different malocclusions. Lateral head films from 59 patients (mean age 16y 7m, ranging from 11 to 25 years) were selected after a subjective analysis of 1630 cases. Sample was grouped as follows: Group 1 - class I facial pattern; group 2 - class II facial pattern; and Group 3 - class III facial pattern. Two angular measurements, SNGoGn and SNGn, were taken in order to determine skeletal vertical facial pattern. A logistic regression with errors distributed according to a binomial distribution was used to test the influence of the sagittal relationship (Class I, II, III facial patterns) on vertical diagnostic measurement congruence (SNGoGn and SNGn). RESULTS show that the probability of congruence between the patterns SNGn and SNGoGn was relatively high (70%) for group 1, but for groups II (46%) and III (37%) this congruence was relatively low. The use of SNGn appears to be inappropriate to determine the vertical facial skeletal pattern of patients, due to Gn point shifting throughout sagittal discrepancies. Clinical Significance: Facial pattern determined by SNGn must be considered carefully, especially when severe sagittal discrepancies are present.

Vertical Bone Measurements From Cone Beam Computed Tomography Images Using Different Software Packages.

This article aimed at comparing the accuracy of linear measurement tools of different commercial software packages. Eight fully edentulous dry mandibles were selected for this study. Incisor, canine, premolar, first molar and second molar regions were selected. Cone beam computed tomography (CBCT) images were obtained with i-CAT Next Generation. Linear bone measurements were performed by one observer on the cross-sectional images using three different software packages: XoranCat®, OnDemand3D® and KDIS3D®, all able to assess DICOM images. In addition, 25% of the sample was reevaluated for the purpose of reproducibility. The mandibles were sectioned to obtain the gold standard for each region. Intraclass coefficients (ICC) were calculated to examine the agreement between the two periods of evaluation; the one-way analysis of variance performed with the post-hoc Dunnett test was used to compare each of the software-derived measurements with the gold standard. The ICC values were excellent for all software packages. The least difference between the software-derived measurements and the gold standard was obtained with the OnDemand3D and KDIS3D (-0.11 and -0.14 mm, respectively), and the greatest, with the XoranCAT (+0.25 mm). However, there was no statistical significant difference between the measurements obtained with the different software packages and the gold standard (p> 0.05). In conclusion, linear bone measurements were not influenced by the software package used to reconstruct the image from CBCT DICOM data.

Sistema de análise de movimento para avaliação da postura vertical durante a corrida no teste de esforço máximo incremental

Universidade Estadual de Campinas . Faculdade de Educação Física

Performance da resistencia muscular de membros inferiores em praticantes da modalidade esportiva voleibol, atraves do salto vertical

Universidade Estadual de Campinas. Faculdade de Educação Física

Estudo do salto vertical : uma analise da relação de forças aplicadas

Universidade Estadual de Campinas. Faculdade de Educação Física