
Jesper Fredborg Huric LarsenKarlstads Universitet · Karlstads Business School
Jesper Fredborg Huric Larsen
Ph.D. in Economics
About
34
Publications
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23
Citations
Introduction
Additional affiliations
August 2016 - present
August 2016 - present
Education
April 2012 - June 2013
September 1999 - April 2004
September 1992 - January 1999
Publications
Publications (34)
European competition authorities consider environmental and competition policy to be complementary, as each has the objective of improving social welfare. Naturally, one would imagine that environmental considerations have already been accounted for in competition policy practice, but thus far, only in the case of voluntary environmental agreements...
The purpose of this paper is to develop a simple model of oligopoly that can be used to examine the effect on production, pricing and welfare of two groups of firms having different production costs. All firms are assumed to produce a homogeneous good, compete on quantities and firms within the same group have the same costs. The results show that...
It is well-known that failing to achieve key organizational goals may pressure managers to commit fraud, but can it be a facilitating factor in cartel formation as well? The purpose of this study is to understand if firms known to have been in a cartel were under financial stress in the period leading up to the cartel formation. A trend analysis is...
In an attempt to hide from the competition authorities colluding firms risk committing financial statement fraud and market abuse. When colluding managers set the conditions for their cartel the resulting increase in profitability and ability to pay outstanding debt enables the firms to attract more investors, get access to larger loans and at a lo...
Several theoretical propositions suggest that changes in economic activity can
explain the decision to form a cartel. The majority of the propositions claim that cartel formation is more likely in expansionary and less likely in contractionary phases of the business cycle. The propositions are re-examined theoretically and by using data on detecte...
Several theoretical articles have appeared over the past 20 years that propose links between the incentives to cooperate among firms, i.e. to form a cartel, and changes in demand understood as changes over the business cycle. Most articles propose that collusion prices are predominantly pro-cyclical, whereas the rest claim that collusion is counter...
Seemingly, separate public policies often interacts with each other. Sometimes policies designed to curb a bad behaviour may in addition promote another or reduce a third. It has been proposed that cartel policy may make firms more prone to merge. The question is how strong this interaction is and whether the interaction is one-way causal or there...
Mainstream macroeconomists have a tendency to see debt as a flow variable, whereas heterodox economists emphasizes that debt should be understood as a stock-flow component in the economy. In this way changes in debt has to do with adjustments in assets and liabilities as well as in the servicing of interests. To bridge the interests a stock-flow mo...
Absolute and comparative advantage is examined by creating a guiding principle for assessing to what extent trade is preferable and to what extent an economy has absolute or comparative advantages. The principle builds on the relative use of factors of production domestically, or the internal rate of exchange, in comparison to the external rate of...
How do people choose who should be responsible for handling risk in a common project or in a social context? Do persons allocate their own risk to others and how does it affect the person's risk perception? To what extent will personal characteristics define individuals in terms of perceived risk as well as determine who will be risk responsible an...
Debt is fundamental for capitalistic economies, and surges in debt levels have become a common feature of them. Debt may propel the economy as well as cause it to stall and wither away. To understand debt changes in the economy is vital for understanding how the economy functions. Realising that debt is not just a public sector problem but also a s...
The purpose of this note is to develop a general model of trade between countries in which benefits and costs of free trade and restrictions to trade can be analysed. The model assumes a linear relationship in all of its components and the existence of a general equilibrium in prices in the post-trade markets determined by the world market price. T...
A non-linear model utilising the sine function is proposed as an appropriate model of economic growth over time and is used to examine the link between volatility and economic growth. The most appropriate functional relationship is found by using non-linear generalised least square estimation on data from the EU, EEC and association countries for t...
The effect of consumer protection on firms’ strategy choices in a market with perfect competition is examined in a simple model. It is found that consumer protection may lead to reduced product quality and adverse effects on firm survival.
The collusion incentive constraint is an important economic measure of cartel stability. It weighs the profits of being in a cartel with those of cheating and punishment of the remaining cartel members. The constraint places no restrictions on firm cartel, cheating and punishment pricing, but is usually considered in a restricted competitive set up...
The purpose of this note is to introduce how to evaluate strategic choices of the firm using economic principles. The procedure is based on simple cost benefit considerations such as building on the economic principles of incentive compatibility constraints based in Game Theory.
European competition authorities see environmental policy and competition policy as compatible since both has the objective of improving social welfare. Naturally one would think that environmental considerations have already had a place in European competition policy, but so far this has not been the case. Based on the existing EU practice the rel...
Despite its many potential benefits, deregulation is not an easy thing to do. The deregulator has to navigate through a deregulation process characterised by information asymmetry and uncertainties. To ensure success policymaker often slows reforms, reregulating markets or by applying shelter policies designed to limit any unwanted effects. In esse...
The rural economy has its advantages and disadvantages to the people and businesses located there. The different advantages and disadvantages between economic settings may be difficult to quantify, but the financial crisis may present a good opportunity to do so. When the financial crisis hit the Danish Economy, it did so by infecting all financial...
In Morgan Stanley/Visa, the Commission compelled the later company to open its payment system to the former.
In economics, the case raised questions dealt with under the ‘double-sided market’ theory.
Apparently, that theory was not used by the Commission—which, as a result, failed to benefit from its insights regarding firms dealing with distinct...
Governments dislike poorly performing public firms and often see deregulation and privatisation as a way to improve performance and social welfare. From a theoretical point of view poor performance may be due to information asymmetries between the informed public firm and the relatively uninformed regulator. The point of view in the paper is that t...
Entry of new firms can be difficult or even impossible at capacity constrained facilities, despite the actual cost of entering is low. Using a game theoretic model of incumbent firms’ pricing behaviour under these conditions, it is found that under the assumption of Bertrand competition and firms having different costs, the optimal pricing behaviou...
Questions
Question (1)
Preferably data from the EU internal market or EU member states