Recent merger cases show the European Commission’s increased interest in assessing local competition. In this article, published in the Journal of European Competition Law & Practice, Raphaël De Coninck and Mikaël Hervé discuss the economic principles underlying the Commission’s new customer-centric methodology, and shows how it could be further improved. Beyond local market definition and market share calculation, a wealth of empirical analyses can be conducted to better and more directly assess the likely impact of a transaction in local markets. For more information, click here.
New research on the use of conjoint surveys with market simulation analysis for damages estimation in consumer protection class action litigation
Market simulations that we have seen used in consumer protection class action litigation apply what is known as the static Nash Bertrand model of competition...