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.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...