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.
Assessing umbrella pricing incentives
When collusive agreements involve a subset of firms in an industry, they may create the incentive and ability for firms that are not participants in the cartel...