CRA experts prepared a natural experiment for this case. It was shown that the rivalry between the iFood and Pedidos Já was not significant, as, when one of the merging platforms was offline, consumers diverted their demand to competing platforms. The acquisition was cleared by CADE without restrictions.
An economic interpretation of Rule 23(b)(3) for antitrust classes
In this article, CRA’s Sean Durkin explains the economic incentives behind class definitions in antitrust cases and why those incentives can lead to classes...