Author: Alba Revuelta

Measuring of Competition Using Natural Language Processing

Written by Rashid Muhamedrahimov and Ethan Soo Summary As the competition landscape is constantly evolving, the question still remains: Is there a need to revamp the way we measure closeness of competition? There are many standardised ways to measure how close competitors are. We can supplement these measures with evidence that has traditionally been difficult … Continued

The Value of Transparency in Dynamic Contracting with Entry

Vice President, Salvatore Piccolo, alongside professors Gülen Karakoç and Marco Pagnozzi, wrote an article for the International Journal of Industrial Organization. The article investigates incentives and anticompetitive practices of incumbents in vertically related markets, as well as the effects of information sharing on consumer surplus and total welfare. Abstract A manufacturer designs a long-term contract … Continued

Survey evidence on user multi-homing in online retail businesses

In this paper, John Davies, Sergey Khodjamirian, Felix Giallombardo, Pietro Aletti consider empirical evidence on multi-homing in online retailing in the context of the ‘gatekeeper’ concept. The team reviews independent survey evidence on multi-homing in online marketplaces and analyses results from two surveys of five countries in Europe, commissioned by Amazon and conducted by market … Continued

The Innovation Economics Conference for Antitrust Lawyers

On 21 April, economists Soledad Pereiras and Justin Coombs spoke at the Concurrences Innovation Economics conference for antitrust lawyers at King’s College London. Soledad focused on market definition in digital markets, while Justin discussed potential exclusionary behaviour by companies and their effects on the market and consumers. Panel 1 – Market definition in innovation markets: … Continued

Expert Q&A on horizontal and vertical merger enforcement

Expert Economists Joe Perkins, Salvatore Piccolo and Guillaume Duquesne participated in a Q&A with Financier Worldwide for their July issue on how mergers can affect businesses, workers and consumers, and how regulatory authorities could improve horizontal and vertical merger enforcement.

Providing New Evidence: Using AI in Merger Proceedings

Written by Enrico Alemani and Jaime Coronado Natural language processing (“NLP”) is a branch of Artificial Intelligence (“AI”) focused on how computers can understand language (e.g. written text) in much the same way human beings do. In this article, the data science team explores how NLP can be a new helpful tool in merger proceedings, … Continued

EU Merger Control and Digital Markets Conference Key Takeaways

On 31 May 2022, Skadden, Compass Lexecon and Concurrences convened for a fireside chat to discuss developments in merger control and digital markets, followed by a panel discussion on a range of issues, including the increasingly blurred lines of EU jurisdiction, the standard of proof, the role of economic analysis, the changing approach to merger … Continued

Self-Preferencing in Markets with Vertically Integrated Gatekeeper Platforms

Expert Economists Jorge Padilla, Joe Perkins and Salvatore Piccolo wrote an article for the Journal of Industrial Economics. The article discusses the competitive strategies of ‘gatekeeper’ platforms and analyzes a model in which a gatekeeper device-seller facing potentially saturated demand for its device has the incentive and the ability to exclude from the market third-party … Continued

Defining relevant markets in the pharmaceutical industry

Expert Economist George Siotis authored an article for Concurrences in which he argues that, in abuse proceedings involving both foreclosure and exploitative abuse, defining relevant markets conditional on the nature of the infringement offers a cogent framework. The insights also transpose to mergers. Abstract Art 102 proceedings require concomitance: the incriminated undertaking must be deemed dominant at the time … Continued