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
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
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 evidence reported in two empirical papers co-authored by the late Professor Galetovic, showing that all observable implications of the patent holdup theory are inconsistent with the data from the world mobile wireless industry, should have put an end to the debate about the relevance of patent holdup in the SEP context. Yet, the debate … Continued
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 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.