Premerger Control of Private Equity Funds: The Brazilian Perspective

Premerger Control of Private Equity Funds: The Brazilian Perspective

By Júlia Batistella-Machado & Bruno Renzetti –  This paper provides the reader with an objective view of the premerger control in Brazil of transactions involving private equity funds. The paper suggests that CADE has been historically more concerned with establishing tests and procedures on when and how to submit pre merger fillings, than to perform […]

Advertising and Related Restraints

Advertising and Related Restraints

By John Asker & Heski Bar-Isaac –  The ecommerce sector is observing substantial use of vertical restraints on advertising and other restraints that seem likely to interfere with the ease with which consumers can find prices. Authorities and commentators have begun to consider such practices and have treated them as equivalent to resale price maintenance. […]

Horizontal Shareholding: A Summary of the Argument

Horizontal Shareholding: A Summary of the Argument

By Fiona M. Scott Morton –  “Horizontal shareholding” occurs when one or more equity funds own shares of competitors operating in a concentrated product market. A growing body of empirical literature concludes that under these conditions market output in the product market is lower and prices higher than they would otherwise be. Successful private litigation under the […]

Are Price Parity Clauses Necessarily Anticompetitive?

Are Price Parity Clauses Necessarily Anticompetitive?

By Thibaud Vergé –  Price parity clauses have recently triggered several antitrust investigations. Although decisions in similar markets have sometimes been conflicting, the agencies tend to rely on the same theory of harm. In this paper, I revisit the recent economic (theoretical and empirical) literature which allows me to identify some of the crucial factors that may […]

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