Category: Publications

A Missed Opportunity: The European Union’s New Powers Over Digital Platforms

Economists John Davies, Valérie Meunier, Gianmarco Calanchi and Angelos Stenimachitis recently authored an article for the US Antitrust Bulletin discussing the Digital Markets Act (DMA) and the missed opportunity by the European Commission (EC) to introduce a market investigation tool. The authors explore the DMA’s approach using the error cost framework, the consequences of restricting … Continued

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

Expert Q&A on Competition Law and Sustainability

Economists Frederic Palomino, Soledad Pereiras and Nadine Watson participated in a Q&A with Financier Worldwide on competition law and sustainability. The authors discuss the key trends in sustainability initiatives in competition law, how authorities can strike a balance between promoting sustainability efforts and restricting anti-competitive practices, and how companies can assess potential harms and benefits … 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

Latin America’s Digital Markets: Competition or Regulation?

Manuel Abdala and Alejandro Lombardi recently co-authored a chapter in the second edition of Competition Law in Latin America: A Practical Guide. The book analyzes in depth the giant steps taken by the Latin American countries to reposition their competition authorities in the global antitrust realm, awarding them increased autonomy both domestically and internationally. Latin America’s … 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

Cross-sectional dispersion and bank performance

Xanthi Gkougkousi, a Vice President in our Washington, DC office, recently co-authored a paper entitled “Cross-sectional dispersion and bank performance” which appears in the Journal of Banking & Finance. The article studies the association between cross-sectional earnings dispersion and the banking sector’s performance. Abstract: We examine the relation between cross-sectional earnings dispersion and the banking … Continued