Analyzing The Geographic Market In Hospital Mergers: Travel Patterns Take A Backseat To Payer Response

Analyzing The Geographic Market In Hospital Mergers: Travel Patterns Take A Backseat To Payer Response

By Andrea Levine & Andy Hasty – This article looks at recent hospital merger cases which highlight not only the importance of a properly defined geographic market, but also courts’ definitive shift away from relying on patient travel patterns in making this determination. A close look at the ensuing hospital merger challenges shows that patient flow […]

Unexplained Mysteries Of The Energy Market Investigation

Unexplained Mysteries Of The Energy Market Investigation

By Mark Friend – In its final report on the Energy Market Investigation, the UK Competition and Markets Authority (“CMA”) announced its intention to impose a temporary cap on the prices charged to energy customers on pre-payment meters. A central plank of the CMA’s argument is its claim that the Big 6 energy firms have been […]

An Instant Classic: Rochet & Tirole, Platform Competition in Two-Sided Markets

Richard Schmalensee, Jan 30, 2015 The press release announcing that Jean Tirole had been awarded the 2014 Nobel Prize in Economic Sciences noted that he had “made important theoretical research contributions in a number of areas.” One of his most important contributions was the discovery and pioneering analysis of multi-sided platforms (“MSPs”) in his 2003 […]

Finding the Right Lodestar for Defining Markets

This article is part of a Chronicle. See more from this Chronicle David Balto, Matthew Lane, Dec 16, 2014 Economics is the lodestar for antitrust law and sound competition policy. Economic reasoning plays a key role in identifying the problems being litigated and framing the legal rules that will be applied to these problems. McWane […]

The Consensus Among Economists on Multisided Platforms and the Implications for Excluding Evidence That Ignores It

David Evans, Jun 13, 2013 Multisided platforms create value by bringing two or more different types of economic agents together and facilitating interactions between them that make all agents better off. These platforms play critical roles in many economically important industries. There is considerable material on this subject; Richard Schmalensee and I have provided a […]

Both Sides Now: A Brief Reflection on the Two-Sided Market Debate

James Musgrove, Jun 13, 2013 At the 2013 American Bar Association Section of Antitrust Law Spring Meeting I had the honor to chair a session entitled Both Sides Now: What’s Special About Two Sided Markets? The program benefitted from the participation of some of the leading legal and economic thinkers on this issue, including Dr. […]

Should Multisided Markets Receive This Much Attention?

Owen Kendler, Jun 13, 2013 The antitrust community talks perennially about multisided or two-sided markets. At first glance, this attention may appear misplaced. The courts have not reached a final decision in a litigated case involving a multisided market since 2003, when the Court of Appeals for the Second Circuit affirmed the U.S. Government’s win […]

The Norwegian Government Proposes Amendments to the Competition Act: Welcome Changes Regarding the Control of Concentrations

Eirik Osterud, Harald Selte, Beret Sundet, Apr 29, 2013 On March 15, 2013, the Norwegian Government submitted its Proposition (Prop. 75 L (2012-2013)) for amendments to the Norwegian Competition Act (2004) to the Norwegian Parliament. Included were important amendments that concern the control of concentrations, intended to ease the administrative burden of and adjust the […]

Trade is Good for Competition, but Competition is Great for Trade

Seth Sacher, Mar 28, 2013 It may seem obvious that good trade policy can promote competition. That is, by opening up a domestic economy to increased trade, additional competitive pressures may be placed on domestic producers, thereby decreasing domestic market power and improving industry performance in the form of lower prices, production that is more […]

Market Definition and Merger Analysis for Multi-Sided Platforms

David Evans, Richard Schmalensee, Nov 13, 2012 This paper provides a brief progress report on market definition and the analysis of mergers for multi-sided platforms. It provides an update to an earlier article on multi-sided platform market definition. (For an overview of multi-sided platforms including the antitrust analysis of these platforms see Platform Economics.)

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