Tag: competition policy

New Merger Guidelines Should Keep the Consumer Welfare Standard

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

Agency Fallibility and the Effect of Judicial Review in Competition Cases

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

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

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

Compass Lexecon Recognized as a Leading Economics Consulting Firm in the GCR 100 2022

Compass Lexecon has been recognized as one of the Elite ranking competition economics consulting firms by the Global Competition Review (“GCR”) for the 16th year in its annual Economics 23 – Elite survey. Compass Lexecon topped the list again with the most competition economists. Described as a “competition economics heavyweight with a reputation to match,” Compass … Continued

Q&A: Competition and antitrust issues in digital markets

Expert economists Salvatore Piccolo, Patricia Lorenzo, Guillaume Duquesne, Kadambari Prasad, and Paul Reynolds discuss competition and antitrust issues in digital markets with Financier Worldwide. Could you provide an overview of how the digital marketplace has developed in recent years? Piccolo: Recent years have witnessed the emergence of an increasing number of online marketplaces with new … Continued

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.

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.

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.