Author: rwallace

The Economic Risks Posed By “Zombie” Firms

Expert Economist Jorge Padilla discussed the risks that zombie firms pose to the economy and what could be done about them on a panel with speakers from the European Commission, the European University Institute, the French Competition Authority, Cleary Gottlieb, and ELIG Gürkaynak at the New Frontiers of Antitrust Conference organized by Concurrences.

Revisiting the Bizarre SEP Level of Licensing Antitrust Controversy

In a brief paper, authors Jorge Padilla and Pekka Sääskilahti of Compass Lexecon explain why this licensing practice is optimal from a social welfare perspective. They show that there is no basis as a matter of economics to conclude that the practice of licensing SEPs at the end-product level only could distort the competitive process to the ultimate detriment of consumers.

Remedies: Design, Implementation & Revision

Kirsten Edwards-Warren joined speakers from the European Commission, the UK Competition & Markets Authority, the French Competition Authority, and the South African Competition Commission on a panel at the 2021 International Mergers Conference, organized by University College London and Concurrences. Kirsten noted that the percentage of cases resulting in remedies is consistent over time. It … Continued

Compass Lexecon Experts Recognized in the GCR 2021 Team Awards

Compass Lexecon economists have been recognized by Global Competition Review for their work in the winning matters in the GCR Team Awards 2021. Compass Lexecon teams globally advised in Google/Fitbit (merger control matter of the year – Europe), Fiat Chrysler Automobiles/PSA Group mergers (matter of the year), ZF Friedrichshafen/WABCO (merger control matter of the year – APAC, Middle-East, and Africa), European Commission’s Aspen commitments (behavioral matter of the year – Europe), the Blue Cross Blue Shield antitrust litigation (litigation of the year – cartel prosecution), and FTC v Qualcomm (behavioral matter of the year – Americas).

The proposed DMA – Back to the “form-based” future?

In a report written by Compass Lexecon professionals1, the authors explain that, as it stands, the DMA is no doubt intimately intertwined with competition policy. However, as proposed, it lowers enforcement standards by reverting to the form-based approach prevailing before the 2004 Antitrust Modernisation.

Geopolitics of Platform Regulation

Elizabeth Wang joined speakers from the U.S. Federal Trade Commission, the Japan Fair Trade Commission, the UK Competition and Markets Authority, Facebook and King’s College London on a panel during the 2021 Innovation Economics conference to discuss the differences and similarities in antitrust enforcement towards online platforms across the U.S., Europe and Asia.

Competition Policy and Industrial Policy

Urs Haegler joined speakers from the European Commission, King’s College London and Freshfields on a panel during the 2021 Innovation Economics conference to discuss industrial policy and competition policy in the EU and the UK.

The Substantive Test in Merger Control

Our panel discussion concerned the substantive test in UK merger control, in particular the revised merger assessment guidelines (MAGs) of the UK’s Competition and Markets Authority (CMA) and the CAT’s judgment in JD Sports v CMA.

The DMA: A Radical Change in the EU

Miguel de la Mano joined a panel to discuss the major changes presented by the European Commission’s proposed Digital Markets Act (“DMA”) at the Innovation Economics conference.