2025 Thought Leadership

Throughout 2025, Compass Lexecon experts authored a vast array of insights across a range of topics, including competition and antitrust, litigation, international arbitration, energy, and intellectual property.

We invite you to browse our latest publications and explore the analysis shaping today’s key economic discussions. The views expressed are those of the authors only and do not necessarily represent the views of Compass Lexecon, its management, its subsidiaries, its affiliates, its employees, or clients.

General Economics and Industrial Organization

The Challenges of Cartelization with Many Products and Ongoing Technological Advancements, Dennis Carlton, Mark Israel, Ian MacSwain and Allan Shampine, Cartels Diagnosed: New Insights on Collusion, 18/02/25 – (here)

The market share/dominance fallacy: How narrower markets widen the disconnect between market shares and market power, Lau Nilausen and Ying Li, The Analysis, 09/10/25 – (here)

The Business Revolution and Antitrust Market Definition: The Role of Time, Daniel Spulber, Competition Policy International, 17/09/25 – (here)

Gaming the ecosystem: Fragmented users and their unexpected buyer power, Lau Nilausen and Ying Li, The Analysis, 25/02/25 – (here)

Merger Control

Unpacking the Remedy: The Hidden Costs of Merger Remedies and the Economist's Role in Getting Them Right, Mary T. Coleman, David A. Weiskopf and Sam Carless, Competition Policy International, 26/10/25 – (here)

Developing an innovation defence in European merger control, Elena Zoido and Roman Fischer, The Analysis, 09/10/25 – (here)

Unblocking the growth pipeline: an efficient market for exit mergers, Kristofer Hammarbäck, Lau Nilausen and Adrian Sjahid, The Analysis, 12/06/25 – (here)

Procuring Medical Devices: The Price Effect of Mergers Among Orthopedic Prostheses Producers, Vincenzo Atella, Nicola Ceschin, Francesco Decarolis, Journal of Industrial Economics, 20/01/25 – (here)

The Dilemmas of the 2023 Merger Guidelines, Aurelien Portuese, Journal of Regulatory Compliance, 09/01/25 – (here)

Damages Litigation

A simple framework for assessing the plausibility of overcharge estimates in litigation, Jorge Padilla, Ben Dubowitz and Roberto Venturini, The Analysis, 09/10/25 – (here)

Umbrella effects in cartel damages litigation: What are they, and when could parties claim for them, Tara Ghobadian, Patricia Lorenzo and Bernardo Sarmento, The Analysis, 09/10/25 – (here)

Quantifying harm in the presence of heterogeneous effects of an infringement, Daniel Ball, Esteban Cattaneo, Jasper Haller and Soledad Pereiras, The Analysis, 12/06/25 – (here)

The Role of AI in Litigation and Competition Expert Analysis: A Conversation with Anindya Ghose, Niall MacMenamin, Vendela Fehrm and Zhaoning Wang, 25/04/25 – (here)

Competition in Digital Markets

The Political Economy of Widespread Algorithmic Retail Price Discrimination, Sencer Ecer, The Capitol Forum, 05/12/25 – (here)

GCR Digital Markets Guide: What Constitutes Self-Preferencing and its Proliferation in Digital Markets?, Kadambari Prasad and Thomas Bowman, GCR Digital Markets Guide – Fifth Edition, 22/09/25 – (here)

Online choice architecture and compliance with the DMA: insights from behavioural economics, Zita Vasas and Abul Fazal, The Analysis, 26/11/25 - (here)

Between Efficiency and Illegality: The Competitive Implications of Surveillance and Algorithmic Pricing, Sencer Ecer and Mehmet Ekmekci, Competition Policy International, 06/08/25 – (here)

Quantification of Antitrust Damages in Digital Markets, Francesco Decarolis, Nicola Tosini and Oliver März, Research Handbook on Competition and Technology, 18/06/25 - (here)

The Complex Geopolitics of Digital Regulation: The Three Body Problem, Jorge Padilla and Vanessa Zhang, SSRN, 28/05/25 – (here)

Platform Competition and Interoperability: The Net Fee Model, Mehmet Ekmekci, Alexander White and Lingxuan Wu, Management Science, 02/06/25 – (here)

Implementation of EU digital regulations: What is the role for economics?, Neil Dryden, Guillaume Duquesne and Ben Dubowitz, The Analysis, 25/02/25 – (here)

Intellectual Property

Optis v Apple: Can a FRAND price be inferred from "comparable" SEP licences that are not FRAND? Pekka Sääskilahti, Andrew Tuffin and Timo Autio, The Analysis, 31/10/25 – (here)

China’s Evolution in International Standardization: From Follower to Global Leader, John Jiong Gong and Vanessa Yanhua Zhang, World Bank, 09/09/25 – (here)

FRAND access to app stores, Jorge Padilla, Kadambari Prasad, and Andrew Tuffin, The Analysis, 12/06/25 – (here)

Generative AI Models at the Gate: Licensing frameworks for the effective and efficient protection of copyright protected content in an AI world, Kadu Prasad and Jorge Padilla, International Federation of the Phonographic Industry, 08/04/25 – (here)

Demystifying licensing debates: Should GenAI developers pay to train their models on copyright protected content? Jorge Padilla and Kadambari Prasad, The Analysis, 25/02/25 – (here)

International Arbitration

Investment disputes in the crossfire of War - Part III: the new wave of nationalisations, Julian M. Delamer and Vladimir Tsimaylo, The Analysis, 26/11/25 – (here)

Mitigating Arbitration Risk in India’s Renewable Energy Expansion: Lessons from Spain, Ria Abichandani, Indian Women in International Arbitration, 02/09/25 – (here)

Investment disputes in the crossfire of War – Part II: the impact of Russian “Countersanctions” on value, Julian Delamer and Vladimir Tsimaylo, The Analysis, 12/06/25 – (here)

Towards a Consensus in the Country Equity Risk Premium Debate in International Arbitration?, Sencer Ecer, Kluwer Arbitration Blog, 14/05/25 – (here)

Tariffs versus Contracts, Carla Chavich and Pablo D. Lopez Zadicoff, 12/05/25 – (here)

Investment disputes in the crossfire of War - Part I: Insights from Crimean Arbitrations, Julian Delamer and Vladimir Tsimaylo, The Analysis, 25/02/25 – (here)

Economic Policy

The UK's Market Investigation Regime: Lessons for Europe's New Competition Tool?, 13/03/25 – (here)

American Capitalism Must Reorient Toward the Long Term, David Teec and Aurelien Portuese, ProMarket, 19/02/25 - (here)

Implications of behavioural economics for the pro-competitive regulation of digital platforms, Zita Vasas, Oxford Review of Economic Policy, 25/03/25 – (here)

Competition Landscape in India: Insights and Future Trends, Justin Coombs, Jincy Francis, Neha Georgie, Avinash Mehrotra and Kadambari Prasad, 10/02/25 – (here)

Other Topics

Analysis of events leading to the peninsular blackout of April 28^th, Antón García, Albert Riera and Alberto Martín, 28/07/25 – (here)

Methodologies

Textual Factors: A Scalable, Interpretable, and Data-Driven Approach to Analyzing Unstructured Information, Lin William Cong , Tengyuan Liang, Xiao Zhang and Wu Zhu, Management Science, 14/10/25 – (here)

The Impact of Visual Generative AI on Advertising Effectiveness, Hyesoo Lee, Vilma Todri, Panagiotis Adamopoulos and Anindya Ghose, SSRN, 21/10/25 – (here)

4 Steps to Designing Effective Survey Samples for Trial, Vendela Fehrm, Zsófia Sipos, Zhaoning (Nancy) Wang, and Niall MacMenamin, Law 360, 01/10/25 – (here)

How AI is already improving traditional competition analysis, Enrico Alemani, Ivy Kocanova, Adelle Arbo and Toby Howard, The Analysis, 25/02/25 – (here)