Antitrust & Competition Economics
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Antitrust & Competition Economics Publications
IP Literature Watch: April 2013
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world.Click the link below to download the ...Commissioner Joshua Wright on Foreclosure Analysis As Applied to Exclusive Dealing, Slotting Contracts, and Other Vertical Restraints
Serge X. Moresi
Serge Moresi reviews three articles written by Joshua Wright that discuss foreclosure analysis and explain his position on a number of antitrust policy issues related to exclusive dealing, slotting contracts ...IP Literature Watch: March 2013
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world.Click the link below to download the ...Developing an Administrable MFN Enforcement Policy
Steven C. Salop, Fiona Scott Morton
In this article the authors discuss how most-favored-nations contractual provisions (MFNs) can lead to procompetitive benefits or anticompetitive harms and how an analysis of harms and benefits can be factored ...An economic perspective on six mergers recently approved with conditions in China
Elizabeth Wang, Sharon Pang
In the March issue of CRA Insights: China Highlights, a newsletter from the Competition Practice focusing on competition topics in China, CRA economists Elizabeth Wang and Sharon Pang examine the ...Review of “Horizontal Merger Investigation Data, Fiscal Years 1996-2011” and “A Survey of Evidence Leading to Second Requests at the FTC.”
John R. Woodbury
In the February 2013 issue of The Antitrust Source, John Woodbury reviews two papers. In “A Survey of Evidence leading to Second Requests at the FTC,” author Darren S. Tucker ...IP Literature Watch: February 2013
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world.Click the link below to download the ...“Why the FTC Was Right Not to Sue Google”
Michael Salinger
A Forbes article in which Dr. Salinger comments on the Federal Trade Commission’s antitrust investigation of Google. In his article, “Why the FTC Was Right Not to Sue Google,” he says ...A Dynamic Equilibrium Model of the U.S. Wage Structure, 1968–1996
Matthew Johnson
Journal of Labor Economics, vol. 31, no. 1, January 2013Associate Principal Matthew Johnson co-authored “A Dynamic Equilibrium Model of the U.S. Wage Structure, 1968–1996.” Using Panel Study of Income Dynamics ...IP Literature Watch: January 2013
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world.
Click the link below to download the ...Hong Kong Competition Ordinance – An Overview
Sharon Pang
CRA economist, Sharon Pang, discusses Hong Kong’s first comprehensive Competition Bill, which was passed on June 14, 2012. Hong Kong had been one of the few remaining developed economies in ...China’s merger review statistics in 2012
Elizabeth Wang
In the January issue of CRA Insights: China Highlights, a newsletter from the Competition Practice focusing on competition topics in China, CRA consultants look at the 2012 statistics from China’s ...An Economic Analysis of the AT&T-T-Mobile USA Wireless Merger
Stanley Besen, Stephen Kletter, Serge X. Moresi, Steven C. Salop, John R. Woodbury
In this article, the authors describe the analyses they undertook on behalf of Sprint Nextel in its challenge to the AT&T/T-Mobile merger. The authors concluded that the merger likely would ...Merger Settlement and Enforcement Policy for Optimal Deterrence and Maximum Welfare
Steven C. Salop
This article explains that a disciplined long-run optimal merger settlement policy would clear all welfare-enhancing mergers as-proposed; forgo negative welfare settlements despite the risk of losing in court, but instead ...Review of Implementing Antitrust’s Welfare Goals
John R. Woodbury
In the December 2012 issue of The Antitrust Source, John Woodbury reviews a paper by Herbert Hovenkamp entitled “Implementing Antitrust’s Welfare Goals.” The paper addresses the debate between the advocates ...IP Literature Watch: December 2012
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world. Click the link below to download the ...Price fixing among secondhand car dealerships in Anyang: a cartel investigation in China
Elizabeth Wang, Sandra Chan
Recently, one of China’s antitrust agencies, the Anti-Monopoly and Anti-Unfair Competition Enforcement Bureau of the State Administration for Industry & Commerce (SAIC), completed its investigation of alleged price fixing among ...Merger Policy Twenty-Five Years Later - Unilateral Effects Move to the Forefront
Andrew R. Dick
While the deterrence of collusion has long been a central goal of merger enforcement, starting in the mid-to-late
1980s, antitrust practitioners and economists began to devote greater attention to other ways ...Overview of IP literature on the high-tech industry in China: November 2012
Elizabeth Wang
CRA Principal Dr. Elizabeth Xiao-Ru Wang compiles eight key articles concerning economic and legal intellectual property issues related to the high-tech industry in the last three years.Click the link below ...IP Literature Watch: November 2012
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world. Click the link below to download the ...Antitrust Health Care Chronicle - November 2012: Election Issue
Four panelists, including Michael Salinger, share their views on various antitrust and health care issues to be addressed during the next administration. The goal of Antitrust Health Care Chronicle was to ...IP Literature Watch: October 2012
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world. Click the link below to download the ...An overview of Hong Kong’s Competition Ordinance
Sharon Pang
In her article, “An overview of Hong Kong’s Competition Ordinance,” Dr. Sharon Pang discusses Hong Kong’s first comprehensive Competition Bill, which was passed on June 14, 2012. Hong Kong had been one ...CRA Announcement: Senior Consultant to CRA Joshua Wright nominated as FTC Commissioner
CRA congratulates Professor Joshua Wright on his nomination by President Barack Obama to serve as a Commissioner on the Federal Trade Commission.To download this publication, click belowThe Role of Switching Costs in Antitrust Analysis: A Comparison of Microsoft and Google
Aaron S. Edlin, Robert G. Harris
In this paper, Robert Harris and Aaron Edlin address differences in switching costs and the strategic use of switching costs to explain why Google is not comparable to Microsoft from a competition ...CRA economists Joanna Tsai and Elizabeth Wang discuss the key economic factors considered in China’s merger review
CRA economists Joanna Tsai and Elizabeth Wang discuss the key economic factors considered in China’s merger review.In their article “Merger Review in China: An Overview of the Competitive Analysis,” Drs. Tsai and Wang examine ...IP Literature Watch: August 2012
Anne Layne-Farrar
Charles River Associates publishes IP Literature Watch, a periodic newsletter containing an overview of recent publications concerning intellectual property issues around the world.Merger Review in China - An Overview of the Competitive Analysis
International Antitrust Committee: The Newsletter, Summer 2012CRA economist Elizabeth Wang discusses how China has become a significant regulatory player in cross-border mergers and acquisitions in less than four years. To ...Payments and Participation: The Incentives to Join Cooperative Standard Setting Efforts
Anne Layne-Farrar
CRA economist, Anne Layne-Farrar, evaluates the proposal of an intervention of the imposition of a licensing cap, referred to as the incremental value rule and that even in contexts where ...vGUPPI: Scoring Unilateral Pricing Incentives in Vertical Mergers
Serge X. Moresi, Steven C. Salop
In this paper, Serge Moresi and Steven Salop explain how the upward pricing pressure resulting from unilateral incentives following a vertical merger can be scored with vertical Gross Upward Pricing ...Review of The Proposed Merger of AT&T and T-Mobile: Are There Unexhausted Scale Economies in U.S. Mobile Telephony?
John R. Woodbury
In the June 2012 issue of The Antitrust Source, John Woodbury reviews a paper by Yan Li and Russell Pittman entitled “The Proposed Merger of AT&T and T-Mobile: Are There ...Research Handbook On The Economics Of Antitrust Law
The specially commissioned chapters in this landmark volume offer a rigorous analysis of the field’s most current and contentious issues.CRA Insights: Competition: April 2012
News from our Competition Practice including:Sprint challenge to AT&T/T-Mobile mergerChurch & Dwight retail shelf space dispute Synopsys acquisition of Magma Design Automation International Paper acquisition of Temple-InlandTranscontinental acquisition of Quad/Graphics CanadaCanadian Tire ...Review of Exclusion as a Core Competition Concern
John R. Woodbury
In the April 2012 issue of The Antitrust Source, John Woodbury reviews a paper by Jonathan Baker entitled “Exclusion as a Core Competition Concern." The paper contends that any “rhetorical ...Competition Memo: Antitrust Concerns Force AT&T to Abandon its Proposed Acquisition of T-Mobile USA
Steven C. Salop, Stanley Besen, Serge X. Moresi, John R. Woodbury, Stephen Kletter
CRA economists played a prominent role in identifying and analyzing the anticompetitive effects of the proposed merger of AT&T and T-Mobile. The merger would have created the largest wireless carrier ...Qui Tam Trends In 2011, Predictions For 2012
Elizabeth Wang
Elizabeth Wang discusses how one can expect health care to remain the primary target for qui tam litigation as well as more activities and larger recoveries involving financial fraud, based on ...China Highlights Economic Analysis in Decision Approving Seagate Acquisition of Samsung HDD Business
Elizabeth Wang
Principal Elizabeth Wang co-authors an article about a significant decision by the Chinese regulatory review agency MOFCOM on the conditional approval of Seagate's acquisition of Samsung's Hard Disk Drive business.To read a ...The Competitive Effects of Minority Shareholdings
Laurent Flochel
In this article, Laurent Flochel analyzes the effects of minority shareholding, and debates the usefulness of ex ante reviews.Click below to read the article (In French).Gauging Parallel Accommodating Conduct Concerns with the CPPI
Serge X. Moresi, David Reitman, Steven C. Salop, Yianis Sarafidis
In this paper, the authors describe a new metric to “score” the post-merger likelihood of parallel accommodating conduct, a coordinated-effects concept that features prominently in the 2010 Horizontal Merger Guidelines. ...Review of “Gauging Parallel Accommodating Conduct Concerns with the CPPI”
John R. Woodbury
In the October 2011 issue of The Antitrust Source, John Woodbury reviews a paper by Serge Moresi, David Reitman, Steven C. Salop and Yianis Sarafidis entitled “Gauging Parallel Accommodating Conduct Concerns with the CPPI." The paper ...Trends In Qui Tam False Claims Cases
Elizabeth Wang
Trends In Qui Tam False Claims Cases
Law360, July 26, 2011Elizabeth Wang analyzes trends in qui tam litigation regarding new cases filed, settlements reached, industry breakdowns, and government intervention in the last ...Comment on Muris and Smith, “Antitrust and Bundled Discounts: An Experimental Analysis”
David Reitman
In this article David Reitman, Patrick Greenlee of the USDOJ, and David S. Sibley of University of Texas at Austin, respond to assertions made by Timothy J. Muris and Vernon ...CRA Insights: Competition: August 2011
Charles River AssociatesSprint challenges AT&T/T-Mobile mergerCVS Caremark acquires Universal American prescription drug businessAmcor settles price fixing damages claimSuccessful appeal against South African Competition CommissionEC clears creation of Styrolution joint ventureAnticompetitive ...Information Exchanges
Laurent Flochel
Laurent Flochel writes about information exchanges in Concurrences, N° 2-2011. Click below to read the article (in French).Meet the Expert: Competition: May 2011
Robert J. Levinson
To read more, please click here:CRA Announcement: Fiona Scott Morton, senior consultant to CRA, named economics deputy at DOJ
CRA congratulates Dr. Fiona Scott Morton on her new role as Deputy Assistant Attorney General with the Antitrust Division of the US Department of Justice. Dr. Scott Morton is a ...India's New Merger Control Regime: An Economist's Perspective
Rameet Sangha
In this article, Rameet Sangha describes what consulting economists would like to see from the merger control regime in India and draws on experience of merger control in other jurisdictions, particularly in ...EU pay TV: the shifting focus of regulatory intervention
Adrien Cervera-Jackson
Adrien Cervera-Jackson discusses how regulation is being used to address concerns over ‘fair and effective competition’ in the pay TV sector.Click below to read the article CRA Insights: Competition: February 2011
Charles River AssociatesInsignia Systems v. News America MarketingNBC Universal/ComcastHertz/Dollar ThriftyAOL v. AccentureMerchants Payment CoalitionClick the link below to download a PDF version of this ...Quantifying Antitrust Damages in Civil Proceedings: A Pragmatic Approach
Raphaël De Coninck
In this article, Raphaël De Coninck proposes a pragmatic approach to damages estimation in which the biases of the chosen methods are clearly identified. The article also makes the point that regression ...Scoring Unilateral Effects with the GUPPI: The Approach of the New Horizontal Merger Guidelines
Steven C. Salop, Serge Moresi, John R. Woodbury
The US Department of Justice and the Federal Trade Commission released the 2010 Horizontal Merger Guidelines on August 19, 2010. This note explains the approach set out in the 2010 ...Horizontal Merger Guidelines: The UPP, GUPPI and IPR tests
Laurent Flochel
Published in Concurrences: N° 1-2011, pp. 30-36, January 2011To download the article (in French), click the link below.Review of "The 2010 Horizontal Merger Guidelines: From Hedgehog to Fox in Forty Years"
John R. Woodbury
From the December 2010 issue of The Antitrust Source. John Woodbury reviews an article by DOJ lead economist Carl Shapiro entitled “The 2010 Horizontal Merger Guidelines: From Hedgehog to Fox in ...Meet the Expert: Competition: October 2010
Gregory Vistnes
CRA recently spoke to Vice President Gregory Vistnes about how his agency background has informed his current work in merger and non-merger cases both before the agencies and in private ...Competition Memo: Effects Analysis in Hub and Spoke Cartels
Alan Overd
Email communication that appears to be consistent with hub and spoke cartel behavior may simply be unsanctioned and inaccurate speculation by relatively junior staff members. So how much weight should ...The Canadian Abuse Provisions and the Denial of a Facility
Lilla Csorgo
This paper, presented at the 2010 Annual Fall Competition Law Conference in Gatineau, Québec, examines the Canadian Competition Bureau's shifted policy position in regard to denial, and compares this approach ...Meet the Expert: Competition: September 2010
Thomas Overstreet
To read more, please click here:Assymetric Approach to Buying and Selling Cartels
Lilla Csorgo
This article describes how, due to the recent revisions to section 45 of the Canadian Competition Act, the criminal conspiracy provisions may no longer apply to joint purchasing agreements. Click below to ...Lessons from FTC v. Rambus
Stanley Besen, Robert J. Levinson
To read more, download the article here:CRA Insights: Competition: July 2010
Time Warner CableYellow Pages acquires CanpagesMusic downloadsProcter & Gamble acquire Sara Lee Air CareAer LingusClick the link below to download a PDF version of this publication:Competition Memo: A look at hospital mergers and antitrust enforcement through the lens of willingness-to-pay
Gregory Vistnes, Robert Maness, Sean May
As a predictor of post-merger price competition, "willingness to pay" is a potentially powerful tool that federal antitrust agencies are increasingly relying on when assessing proposed hospital mergers. The agencies’ ...Reform of Vertical Restraints: Implications of the new EC Regulation
Laurent Flochel
Published in Concurrences: Revue des droits de la concurrence, No. 3-2010.To download, click here:Meet the Expert: Competition: May 2010
Robert Maness
Robert Maness discusses what happens when antitrust and intellectual property issues intersect and the effect of mergers on competition in innovation.Click the link below to download a PDF version of ...CRA Insights: Competition: April 2010
Micron TechnologyPhysicians Health Plan/Blue Care NetworksCisco Tandberg mergerFrench Competition Authority clears TV broadcasting acquisition
Click the link below to download a PDF version of this ...Horizontal Merger Guidelines: Summary of proposed revisions
Steven C. Salop, Serge X. Moresi
To download a copy of this publication, please click here:Best Practices on the Submission of Economic Evidence and Data Collection
Raphaël De Coninck
In this article, Damien Neven and Raphaël De Coninck describe the main features of the European Commission’s guidance for the submission of economic evidence and data collection in mergers and antitrust cases. The article ...Application of the Non-Horizontal Merger Guidelines
Raphaël De Coninck
In this article, Raphaël De Coninck reviews the Commission’s application of the Guidelines since their adoption and suggests the Guidelines have helped focus the Commission’s analysis on the key questions for the ...Meet the Expert: Competition: March 2010
David Reitman
Click the link below to download a PDF version of this publication:CRA Insights: Competition: February 2010
Live Nation/Ticketmaster mergerPanasonic acquires SanyoPhoenix Coyotes saleSan Diego Convention Center contract cleaning disputeEC approves Lloyd’s Banking Group restructuring
Click the link below to download a PDF version of this ...Estimating Private Antitrust Damages
Raphaël De Coninck
In light of the European Commission’s recent initiatives to bolster private antitrust enforcement, this paper discusses the general economic framework for damages estimation, reviews common empirical methods used by economic ...Meet the Expert: Competition: January 2010
John Hayes
John Hayes describes how the decision in CCC Information-Mitchell International suggests a potential shift in how federal courts will evaluate coordinated and competitive effects. Click here to read more.Click the link ...CRA Insights: Competition: December 2009
CRA consultants participate in DOJ/FTC workshopsCRA economists offer commentsMerger Guidelines workshops
Click the link below to download a PDF version of this publication:CRA Insights: Competition: September 2009
Record setting fine for QualcommBackground music suppliers defeat royalty rate increaseLufthansa acquires control over Brussels AirlinesWaste disposal companies defend against cartel allegations
Click the link below to download a PDF version ...Competition Memo: Copyright Board of Canada rejects proposal to increase the tariff on background music
Tasneem Chipty, G. Franklin Mathewson
Click here to download the article:Competition Memo: Unilateral Effects of Mergers in Differentiated Product Industries: The End of Market Definition? - June 2009
John R. Woodbury, Gopal Das Varma
To read the article, click here:CRA Insights: Competition: May 2009
Feesers wins price discrimination suit against Michael Foods and SodexhoSatellite radio royalty ratesFTC blocks CCC Information and Mitchell International mergerSanofi-Aventis/Zentiva acquisitionGas Natural acquisition of Union Fenosa
Click the link below to ...State regulation of home mortgage settlements: Some empirical evidence about costs
Michael A. Kemp
CRA Insights: Competition: February 2009
Discover settles with Visa and MasterCard for $2.75 billionUS and European competition authorities clear Aon/Benfield mergerFTC seeks to block CCC Information and Mitchell International mergerLloyds TSB and HBOS mergeEC closes ...CRA Insights: Competition: October 2008
National Football League prevails against apparel maker American NeedleFCC clears SIRIUS and XM mergerDOJ settles case of anticompetitive conduct against National Association of RealtorsOlympic Airlines goes privateBritish American Tobacco acquires ...Competition Memo: TomTom/Tele Atlas: European Non-Horizontal Merger Guidelines in practice
Thomas Overstreet, David Reitman
The TomTom and Tele Atlas merger provides an excellent test case for the European Commission’s recently adopted Non-Horizontal Merger Guidelines. CRA International analyzes this vertical combination and explains why the ...CRA Insights: Competition: June 2008
SABMiller and Molson Coors joint ventureDRAM Defendants successfully defend Canadian class certification motionInternational Paper acquires Weyerhaeuser’s containerboard packaging and recycling businessHeartland Spine & Specialty Hospital horizontal conspiracy caseTomTom acquires Tele ...US District Court clears way for Whole Foods-Wild Oats merger - November 2007
Andrew R. Dick, Peter Boberg
In February 2007, Whole Foods Market announced its intention to acquire Wild Oats Markets. Both supermarket chains sell a wide range of natural and organic foods as well as non-food ...A Note on Vertical Mergers with an Upstream Monopolist: Foreclosure and Consumer Welfare Effects
Serge Moresi
This note develops a simple model in which an upstream monopolist sells an input used by two downstream competitors. Those downstream firms in turn compete to sell differentiated products to ...Comments on the European Commission's Discussion Paper on the Application of Article 82
John Hayes
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