Cristina Caffarra

Senior Consultant to CRA

Dr Cristina Caffarra is a Senior Consultant to CRA in Europe (a team of economists based between London, Brussels, Munich and Paris).

Dr Caffarra holds a PhD in Economics from Oxford University and is an expert in the application of applied theory and industrial economics to competition law, as well as the empirical analysis of markets in the context of competition investigations. She has provided economic advice to companies on landmark cases in merger control, assessment of vertical restraints, finding of dominance, evaluation of abusive conduct, and several other competition/antitrust issues including bundling, tying, rebates, price discrimination, other forms of potentially exclusionary conduct, intellectual property rights, information exchanges, collusion and the assessment of damages.

She has directed and coordinated empirical and theoretical economic analyses on several of the high profile cases of the last 20 years before the European Commission (including matters involving Google, Microsoft, Apple, Amazon, Samsung, Hollywood Studios, Sky and others), the competition authorities of several member states, as well as the Courts in multiple jurisdictions. She has provided expert economic advice and testimony before the General Court in Luxembourg, the Competition Appeal Tribunal in the UK, the High Court in London, the High Court in Dublin, the Competition Appeals Tribunal in South Africa, and various other courts and arbitration in several litigated competition matters. She has particular experience in the economics of platforms and digital – including work on payment schemes for Visa, on search, Android, local search and other matters adverse to Google, as well as work for Apple, Amazon, Uber, Microsoft and multiple others.

Dr Caffarra has worked for research institutions both in Italy and at Oxford. She is on the Editorial Board of the European Competition Law Journal, as well as on the Advisory Board of the Journal of European Competition Law & Practice (OUP). She lectures in competition economics as an Visiting Professor at UCL and has published articles for competition journals as well as presented papers on the economics of competition law at numerous international and academic conferences.

GCR Economist of the Year, 2013
GCR Economist of the Year Finalist, 2014
GCR Merger of the Year Europe, 2014
GCR Merger of the Year and Antitrust Matter of the Year Europe, 2015
GCR Merger of the Year and Antitrust Matter of the Year Europe, 2016
Multiple nominations for Matters of the Year Europe, 2017
GCR Behavioural Matter of the Year – Europe, 2018

Selected Engagements

  • 01
    Administrative Council for Economic Defense unconditionally cleared Microsoft’s acquisition of XandR
    On 2 March 2022, the Administrative Council for Economic Defense unconditionally cleared Microsoft’s $1bn acquisition of XandR (an online platform for the...
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  • 02
    European Commission unconditionally clears Microsoft’s acquisition of Nuance
    ** Update March 2, 2022 On 02 March 2021 the Competition and Markets Authority (CMA) announced that it would clear Microsoft’s acquisition of Nuance without...
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  • 03
    CMA unconditionally clears acquisition of Autocab by Uber
    On March 29, 2021, the CMA unconditionally cleared the acquisition by Uber of Autocab following a Phase 1 investigation. Uber is active in the supply of taxi...
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Credentials