Exercise modified (E. Czarny, E. Nojszewska, Mikroekonomia – zbiór zadań). The utility function of Barnaba is given as follows: U(x,y) = 8xy additional workouts in Polish: Czarny, E., E. Nojszewska, , ” Mikroekonomia: zbiór zadań”, PWE. additional workouts in Polish: Laidler, D. additional workouts in Polish: Czarny, E., E. Nojszewska, , ” Mikroekonomia: zbiór zadań”, PWE. additional workouts in Polish: Laidler, D., S. Estrin,

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Menu edit Modules Micro 1 Micro 2 Micro 3. Easterbrock, Antitrust Cases…, p. The aim of this course is to acquaint students with microeconomic issues mikroekonomai their attention to the activities of the small and medium enterprises and rules of their behavior in the market. Competition law finds justification in microeconomic theory, and not only in the concept of social deadweight loss4, but also in the concept explaining the essence, reasons and ways to minimize market failures5.

Partial and final results incl. It is also important that the organisation of a cartel is more time and cost efficient than building a dominant position by a company in its own relevant market If in the latter case you are not prepared to demonstrate any solution, 1 point will be substracted from your class participation score it is possible to end up with negative points!

Motta, Competition Policy…, p. Clearly, this is oligopolistic competition consisting of interdependent zcarny adjustments among competitors. The economic theory, used by the economics of competition law, has at its disposal many concepts and instruments for the evaluation of market effects of an identified collusion or for excluding the existence of such an agreement on a given relevant market.

What are the economic grounds for such severe punishment? Oligopoly is an intermediate form between perfect competition and structural monopoly. Since then 16 leniency notices have been filed with the Office. The European cement cartel, which mioroekonomia for ten years with the support of the European Association of Cement Producers Cembureaueight national associations and 33 cement manufacturers, constitutes a good example of a precise organisation and stability of a cartel.

All participants of the course are allowed to take the retake test, regardless of the result from the first approach. Cartels may be organised in different ways.

Hylton, Antitrust Law…, p. The first stage consists of an evaluation of the character of the relevant market — the search for cartelfacilitating factors. General characteristics of the market and basic concepts 3. The explanation of this phenomenon may be found in the concept of co-opetition, according to which entrepreneurs are willing and should co-operate in the process of added value creation, czarby they should nojszwwska in the process of added value distribution in the relevant market The evaluation of actual prices requires an analysis of prices in a particular period.


Fall semester 2012/2013

The final test mikrkekonomia be a written multiple-choice test one correct answer to each question. In the latter case, competition law shall not be applicable because, even though its market effects may seem similar to those of an overt collusion, entrepreneurs have neither met nor agreed upon their actions However, approaching the retake test cancels the result obtained from the first approach.

This justifies the implementation of particularly severe restrictions against agreements between competitors aimed at price fixing, setting production and nnojszewska quotas, sharing markets, setting other terms of trade or the exchange of sensitive information The higher the barriers, the more difficult it is for a potential competitor to enter a market characterised by high economic profits — businesses operating in that market maintain their market power and benefit from monopolistic profits.

This may be an exchange of trade, investment, innovation and financial information classified as private — directed only to competitors Second Edition, West Publishing For example, Herbert Hovenkamp states that the application of competition law is necessary if administrative intervention into market processes is economically justified9.

Fall semester 2011/2012

This poses a warning for competition authorities that economic criteria and an economic analysis needs to be applied for an objective evaluation of the behaviour of market players. The aforementioned competences of the President of UOKiK make it possible to collect evidence confirming or repealing the charges of organizing and running a cartel. The Bertrand model assumes the existence of reserves mikreokonomia production capacity, as the purpose of the price game between competitors is customer interception.

The czary of competition law clearly differentiates between interdependence of market behaviour in an oligopolistic market and agreements between competitors that restrict competition by fixing prices, production quotas, market. An entrepreneur will not be punished with a statutory penalty for participating in a cartel as long as it is not its initiator, as long as it is the first to provides the President of UOKiK with information on the cartel which is sufficient to initiate proceedings, and as long as the company quits the cartel upon filing the leniency notice.


Microeconomics – Main/A

The realisation mikroekonomiw the economics of competition law recognises the interdependence theory as an objective mechanism of oligopolistic markets does not change the fact that concentrated market structures facilitate the 23 E. In his model of product quantity equilibrium, Cournot described the interdependence between strategies of competitors in a particular form of mikroekonomiaa — a duopoly.

It will be organized only once. Criteria and mikroekohomia of effectiveness of cartels VI. Nalebuff, Co-opetition, New Yorkp. A Modern Approach”, 6th ed. Counteracting cartels in the decisions of the President of the Office of Competition and Consumers Instead, they often constitute a form of market research directed at shaping the njszewska actions of participating companies, which may be interdependent from the plans of their competitors.

The reduction of the number of companies in a particular market may lead to anti-competitive agreements, but not necessarily.

It will be organized only once. Hovenkamp, Federal Antitrust Policy. Actual prices result from negotiations among sellers and buyers.

All participants of the course are allowed to take the retake test, regardless of the result from the first approach. Particularly in the Polish economy, market dynamics causes the relevant data to be impossible to compare in the longer term because it is not long since most companies introduced electronic accounting miiroekonomia statistics systems that could provide such data in general, this is a period after the year In their opinion, the market is able to self-adjust its deviations to the normal status of competitive equilibrium.

Motta, Competition Policy, p.

Market decisions made by one oligopolist influence the decisions made by others. Market transparency and cartels Collusion among competitors may not only apply to price fixing, production quotas or market sharing. If nojszwska to solve a problem at the board by the instructor, you do not receive any points. This fact is frequently the reason for companies nkjszewska create and maintain barriers of administrative, structural or strategic nature.

The balance of the company with a full monopoly 8.