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U.K.: OFT begins first examination of NHS merger

The OFT has begun examining a potential merger between Royal Bournemouth and Christchurch Hospitals Foundation Trust and Poole Hospital Foundation Trust. This is the first time the OFT will review a merger of two public hospitals, though the OFT said in a statement they expect the review to be the “first of a number” of… Continue reading U.K.: OFT begins first examination of NHS merger

U.S./E.U.: Antitrust representatives gather to discuss overlap of intellectual property, antitrust laws

Representatives from the Department of Justice Antitrust Division, the FTC and the European Commission recently met for a series of speeches focusing on how to navigate the growing overlap between antitrust law and patent law. Analysts viewed the efforts as an encouraging sign of the evolving efforts of global regulators in recognizing often complex situations… Continue reading U.S./E.U.: Antitrust representatives gather to discuss overlap of intellectual property, antitrust laws

Canada: Competition Bureau reaches deal with airlines over price-sharing

Canada’s Competition Bureau has formally reached an agreement between Air Canada and United Continental over concerns of price-sharing that date back to October 2010. Under the agreement, the two airlines are prohibited from sharing commercially sensitive information, including price rates, on 14 major transborder routes. The Bureau first raised concerns in June 2011. Full Content:… Continue reading Canada: Competition Bureau reaches deal with airlines over price-sharing

U.S.: DOJ investigating Samsung over essential patent misuse, says Apple

Samsung Electronics Co. Ltd. is now under investigation by the U.S. Department of Justice over whether the mobile-device company has been misusing its declared-essential patents in violation of antitrust law, according to Apple Inc. The DOJ has yet to confirm the investigation is underway, but sources say it’s been ongoing for months. Full Content: Law360… Continue reading U.S.: DOJ investigating Samsung over essential patent misuse, says Apple

An experimental study of mixed strategy equilibria in simultaneous price-quantity games

Posted by D. Daniel Sokol Daniel Cracau (Otto-von-Guericke University Magdeburg) and Benjamin Franz (University of Oxford) describe An experimental study of mixed strategy equilibria in simultaneous price-quantity games ABSTRACT: We study oligopoly games with firms competing in prices and quantities at the same time. We systematically compare our experimental results to the theoretical predictions using… Continue reading An experimental study of mixed strategy equilibria in simultaneous price-quantity games

Price Competition versus Externalities

Posted by D. Daniel Sokol Liqiu Zhao (KU Leuven) discusses Price Competition versus Externalities ABSTRACT: Agglomeration can affect markups through two potential channels: agglom- erated regions toughen competition (price competition effect) and firms are more productive on average in agglomerated regions (agglomeration exter- nalities and firm selection effect). However, the literature is inconclusive on which… Continue reading Price Competition versus Externalities

Consolidation and merger activity in the United States banking industry from 2000 through 2010

Posted by D. Daniel Sokol Robert M. Adams (Federal Reserve System) investigates Consolidation and merger sctivity in the United States banking industry from 2000 through 2010. ABSTRACT: This study investigates trends in consolidation and merger activity in the United States banking industry from 2000 through 2010. Over this period, the U.S. banking industry has consistently… Continue reading Consolidation and merger activity in the United States banking industry from 2000 through 2010

South Africa: Oil companies’ antitrust violations case referred for adjudication

The Competition Commission has referred a case for adjudication to the Competition Tribunal regarding price fixing and market division among several oil companies, including Chevron, Engen, Shell, Total, Sasol, BP and South African Petroleum Industry Association. The Commission has also asked the Tribunal to levy a fine equal to 10 percent of each company’s revenue… Continue reading South Africa: Oil companies’ antitrust violations case referred for adjudication

Mexico: SCJN ruling grants price-regulation power to telecom regulators

Mexico’s Supreme Court (Suprema Corte de Justicia de la Nación) ruled yesterday that telecomunications regulators have the power to determine price rates. The Federal Telecommunications Commission (Cofetel) now has the power to determine rates based on an internationally-recognized model; the rates may be altered based on factors that may promote competition, investments or infrastructure. The… Continue reading Mexico: SCJN ruling grants price-regulation power to telecom regulators

October 2012 Blog o’ Blogs

October 2012, Volume 2, Number 10 We’re devoting considerable space to the two hot topics of the month: Google, with a conversation inspired by the Bork/Sidak paper, and patents, spurred on by the New York Times. But we also have a Milton Friedman video, an interview with Einer Elhuage, a discussion of Karate Competition, and a… Continue reading October 2012 Blog o’ Blogs