Coming to Terms with \u3ci\u3eDaubert\u3c/i\u3e in Sherman Act Complaints: A Suggested Economic Approach

The purpose of this article is to suggest a straightforward method of utilizing circumstantial output-pricing evidence, grounded in generally accepted economic analysis to (a) differentiate bid rigging and customer/market-allocation schemes, based on some form of explicit communications or explicit agreements among rival sellers, from noncooperative tacit collusion (sheer sophisticated business acumen as hypothesized in various game-theoretic models), and (b) to identify the collusion process with greater precision

Commercial bank offices and the mobilisation of private savings in selected sub-Saharan African countries

The mobilisation of domestic savings has remained a thriving issue in discussions of ways and means of harnessing resources for development in Africa. This work attempts to examine the role of a deliberate policy of extending offices of banks to the rural areas in savings mobilisation efforts. Using ordinary least squares methods, data from five African countries that have pursued this policy in recent times are examined, to see if there is any significant relationship between the savings rate and their population per bank office ratio. Our results are consistent with the hypothesis that the extension of branch offices of banks to rural areas could help attenuate the poor savings performance in most African economies.