Two-Sided Red Herrings

Two-Sided Red Herrings

By David S. Evans & Richard Schmalensee –   A surprising amount of debate leading up to the Supreme Court’s decision in American Express, and the commentary following this landmark ruling, attempt to trivialize and marginalize the modern economic learning on multisided platforms. Despite these efforts the 2nd Circuit Court of Appeals and the Supreme Court […]

Patent Reform, Innovation, and the Scope of Competition Policy

Patent Reform, Innovation, and the Scope of Competition Policy

By Mark Schankerman & Florian Schuett –   This paper argues that many competition policy issues related to innovation stem from the “patent quality” problem – the prevalence of patents of dubious validity – and that fixing this problem at its source can reduce the scope for competition policy intervention. We summarize recent research in which […]

What is the Scope for Choice and Competition in Education?

What is the Scope for Choice and Competition in Education?

By Allan Fels & Dr. Darryl Biggar –  Is there scope for greater reliance on competitive market forces in the provision of education services? We argue that whilst there appears to be much scope for choice and competition in education, and certainly greater scope than exists at present in many countries, there are also some […]

Public and Private Antitrust Enforcement for Cartels: Should there be a Common Approach to Sanctioning Based on the Overcharge Rate?

Public and Private Antitrust Enforcement for Cartels: Should there be a Common Approach to Sanctioning Based on the Overcharge Rate?

By Yannis Katsoulacos, Evgenia Motchenkova & David Ulph –   In this article we discuss recent theoretical literature pointing to the ineffectiveness, in terms of welfare impact, of currently applied sanctioning regimes for cartels by Competition Authorities (CAs). We then, for the first time, provide a comparison of different regimes taking also into account criteria other […]

A Competition Law Analysis of Common Shareholdings

A Competition Law Analysis of Common Shareholdings

By Neil Campbell –   An emerging economics literature has raised concerns that “common shareholdings” by institutional investors in multiple public companies may give rise to soft competition and the exercise of market power in concentrated oligopolies. However, it would be a mistake to try to address such concerns using merger control regimes. While competition laws […]

Five not so Easy Pieces to Make Antitrust Work for Innovation

Five not so Easy Pieces to Make Antitrust Work for Innovation

By Richard Gilbert –   Innovation is an important concern for merger policy in high technology industries. While the antitrust laws are sufficiently flexible to address issues in the R&D-intensive sectors of the economy, there are several practical obstacles to effective antitrust enforcement for innovation. These include: (i) limited economic theory and empirical evidence relating mergers […]

Antitrust Chronicle – CRESSE Insights

Antitrust Chronicle – CRESSE Insights

Dear Readers, The October 2018 CPI Antitrust Chronicle includes articles based on presentations from Special Policy Sessions (“SPS”) and invited lectures of the 13th Annual CRESSE Conference organized from June 29–July 1, 2018 in Crete, Greece. CRESSE (www.cresse.info), is an international network of academics and other professionals, with an interest in Competition Policy and Sectoral […]

Antitrust Chronicle – Platform Competition

Antitrust Chronicle – Platform Competition

Dear Readers, It has been fifteen years since Rochet & Tirole published their influential article Platform Competition in Two-Sided Markets. The September 2018 CPI Antitrust Chronicle features articles on today’s debates related to Platform Competition. We are delighted to open the September Chronicle with an interview with Thomas Kramler, Head of the Digital Single Market […]

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