In the August 2015 issue of The Antitrust Source, John Woodbury comments on a paper by Gregory J. Werden challenging the outcomes of retrospective studies of mergers and another paper by Justin P. Johnson offering a benign explanation for “loss leaders” when consumers are characterized by bounded rationality. The latter paper in particular is a nice illustration of the nexus between behavioral economics and antitrust. To read the reviews, click the link below.
Antitrust in the Middle East: New competition laws, and time for more economics?
In the Middle East, competition law is being increasingly enforced and new laws introduced. However, little has been said about how, if at all the role...