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.
Entrants often need to make considerable sunk investments with highly uncertain returns. The option to exit if returns are low reduces investment risks and stimulates innovation. In this paper, Michele Bisceglia (University of Toulouse) and Jorge Padilla, Joe Perkins, and Salvatore Piccolo of Compass Lexecon examine the interaction between exit policy and up-front investment by … Continued
Urs Haegler joined speakers from DG COMP, EU Travel Tech and Reed Smith to discuss antitrust in the aviation sector in a webinar organized by Concurrences.
Jorge Padilla and Nicolas Petit highlight that recessions often have a pro-competitive “cleansing” effect. They can facilitate the exit of inefficient firms that crowd out growth opportunities for more efficient competitors, and delay the diffusion of technological innovation. A case might thus be made that the current recession is an opportunity for growth and regeneration of the EU economy.
Expert Economists Thilo Klein and Damien Neven will join the following panels at the inaugural International Mergers Conference, hosted by Concurrences and University College London on 19 February.
Could exclusive deals and vertical mergers in two-sided markets be good for consumers? Research shows that platforms with exclusive contracts with ‘Superstar’ content providers attract small providers, which can also benefit consumers who value their presence.