Posted by D. Daniel Sokol Oren Bar-Gill, New York University (NYU) - School of Law explores Competition and Consumer Protection: A Behavioral Economics Account. ABSTRACT: Do the benefits of competition extend to a world with imperfectly rational consumers? I argue...
Posted by D. Daniel Sokol Wilko Bolt, De Nederlandsche Bank (Dutch Central Bank) Sujit Chakravorti, The Clearing House address Pricing in Retail Payment Systems: A Public Policy Perspective on Pricing of Payment Cards. ABSTRACT: The provision of retail payment services...
Posted by D. Daniel Sokol Rebecca Hellerstein, Federal Reserve Bank of New York asks What Do Drug Monopolies Cost Consumers in Developing Countries? ABSTRACT: This paper quantifies the effects of drug monopolies and low per-capita income on pharmaceutical prices in...
Alemania ha sido condenada por el Tribunal Europeo de Derechos Humanos. En la sentencia de 7 de febrero de 2012 se decidió un caso bastante paradigmático: un actor de televisión es detenido por posesión de cocaína y un periodista del Bild andaba cerca. El Bild publica la noticia al día siguiente y el actor pide una medida cautelar para que no publiquen suces […]
Los de LA VOCE lo achacan (el estrechamiento) a los decretos de liberalización dictados por el Gobierno Monti, como acciones que pueden incrementar la tasa de crecimiento de la economía italiana, lo que habría sido apreciado por los inversores. Si tienen razón, Rajoy debería emplearse a fondo en medidas que (i) reduzcan los costes de producir en España; (ii) […]
In late January, the Commission finally published the non-confidential version of its decision in Unilever/Sara Lee Body Care (adopted in November 2010). The decision, reached after a Phase II investigation, is notable because it marks the first time in many … Continue reading →
Economics has an increasingly important role in merger assessment. Hardly anyone can imagine trying to build a solid major merger case anymore without paying at least some attention to the indirect evidence gained from analyzing the set of indicative economic … Continue reading →
In his last blog, Thomas Graf pointed out, as brilliantly and persuasively as he customarily does, the key features and implications of the Jan. 11, 2012decision of the Italian Antitrust Authority (“IAA”) in the Pfizer case, coming to the conclusion … Continue reading →
The U.S. Department of Justice (“DOJ”) has blocked two mergers in the past several months, in each case after filing a lawsuit against the merging parties. The first case involved a relatively small transaction in the digital tax business involving … Continue reading →
On February 3, the White House announced President Barack Obama’s intention to nominate Bill Baer to serve as Assistant Attorney General in charge of the Department of Justice Antitrust Division. There was much speculation that Baer would be named to head … Continue reading →
Despite a U.S. Department of Justice decision to clear the deal, the European Commission (EC) today blocked the proposed merger of NYSE Euronext and Deutsche Börse. The EC determined that the combination would have resulted in a quasi-monopoly in the … Continue reading →
European Commission - Press release Brussels, 10 February 2012 - The European Commission has cleared under the EU Merger Regulation the proposed acquisitions by the German company Saria Bio-Industries AG & Co....
SPEECH/12/83 Joaquín Almunia Vice President of the European Commission responsible for Competition Policy Industrial policy and Competition policy: Quo vadis Europa? New Frontiers of Antitrust 2012 – Revue Concurrences Paris, 10 February 2012 Ladies and ...
European Commission - Press release Brussels, 08 February 2012 - The European Commission has opened an in-depth investigation to assess whether financial arrangements between public authorities and the airport of La Rochelle (France), as well as rebates ...
The Competition Bureau (the “Bureau”) and other Canadian regulatory authorities have markedly increased their enforcement of misleading advertising in the past several years. The following is a brief summary of some of the penalties imposed (or agreed to pursuant to settlement agreements) in Canadian advertising and marketing law cases. Misleading Advertisi […]
From the CCIL: “We are pleased to remind you of a mini-conference that CCIL will host the afternoon of Thursday March 8, 2012, from 13:00 to 17:30, in Montreal, the same location as the Jessup Tournament (the Fairmont Queen Elizabeth Hotel). You must be a CCIL member to attend (note regular or student registration at the 2011 conference included [...]
It seems that a lot of time recently has been spent debating whether the price of products should be fully disclosed in advertising (and that many cases and regulatory announcements have turned on this apparently, but perhaps not so, simple question). For example, last year in June, Bell Canada entered into a settlement (a consent [...]