Executive Vice President Clifford Ang published a book entitled, Applied Valuation: A Pragmatic Approach which explores the how and why of valuations. The book offers pragmatic solutions that are in line with valuation principles and explains the implications of certain approaches and rules of thumb that are commonly used in practice. Through in-depth case studies … Continued
Executive Vice President Dr. Aren Megerdichian authored a report commissioned by CTIA that explores the impact of licensed spectrum and wireless communications on the American economy. Dr. Megerdichian shows that over the past decade, the wireless industry has generated $5.4 trillion in GDP to the American economy and has contributed an annual average of more … Continued
By Duarte Brito, Einer Elhauge, Ricardo Ribeiro, Helder Vasconcelos Expert Economist Helder Vasconcelos co-authored a paper with Duarte Brito, Einer Elhauge and Ricardo Ribeiro for the International Journal of Industrial Organization. The paper examines the objective function of managers in the presence of overlapping shareholding from both a theoretical and empirical perspective, with the findings … Continued
Written by Rashid Muhamedrahimov and Enrico Alemani [1] Introduction Software that provides powerful functionality can appear simple on the surface, but can hide plenty of fascinating technology. In this Data Science article, Rashid Muhamedrahimov and Enrico Alemani take a deep dive into the Compass Lexecon Decision Search Tool, an interactive web-app that allows users to … Continued
Economists Mark Israel, Jonathan Orszag, and Jeremy Sandford authored an article for the November edition of the CPI Antitrust Chronicle discussing recent statements made by heads of the Federal Trade Commission and Department of Justice that suggest new merger guidelines may replace the tried-and-tested consumer welfare standard with alternate goals. Our experts express concern that … Continued
Economists John Davies, Valérie Meunier, Rameet Sangha and David Sevy recently authored a chapter in the first edition of Global Competition Review’s The Guide to Life Sciences. Introduction This chapter addresses the following competition issues, from an economics perspective, as they relate to the pharmaceutical industry: exploitative abuse of a dominant position through excessive pricing; … Continued
Senior Managing Director, Jorge Padilla, recently authored an article for EU Law Live’s Competition Corner on the judicial review in competition cases and whether the appeal process reduces the cost of error. The job of an administrative agency when assessing a competition complaint is to produce a decision {infringement, no infringement} by assessing the complainant’s … Continued
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
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
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