Corporate & Securities Law

Discriminatory fees, coordination and investment in shared ATM networks

Posted on May 11, 2010
Posted by D. Daniel Sokol Stijn Ferrari (National Bank of Belgium and Catholic University of Leuven) has posted Discriminatory fees, coordination and investment in shared ATM networks. ABSTRACT: This paper empirically examines the effects of discriminatory fees on ATM investment...

A revenue-based frontier measure of banking competition

Posted on May 11, 2010
Posted by D. Daniel Sokol Santiago Carbó (University of Granada, Spain), David Humphrey (FSU), and Francisco Rodríguez (University of Granada, Spain) advocate for A revenue-based frontier measure of banking competition. ABSTRACT: Measuring banking competition using the HHI, Lerner index, or...

Best of the Best: Top Female Antitrust Economics and Law Professors

Posted on May 10, 2010
Posted by D. Daniel Sokol Like any list, this is probably under-inclusive. For every person selected, there is someone else deserving of a spot. However, I tried to make an All Star Team that spanned people across the globe based...

Competition Law and Consumer Protection / Information Exchange Agreements

Posted on May 10, 2010
Posted by D. Daniel Sokol The UCL Centre for Law and Economics is delighted to announce that it will hold a conference on competition law on 21 and 22 May 2010 in Cyprus. This two day international conference will cover...

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Pricing and Information Disclosure in Markets with Loss-Averse Consumers

Posted on May 10, 2010
Posted by D. Daniel Sokol Heiko Karle (Université Libre de Bruxelles) and Martin Peitz (University of Mannheim) discuss Pricing and Information Disclosure in Markets with Loss-Averse Consumers. ABSTRACT: We develop a theory of imperfect competition with loss-averse consumers...

Competition as a Socially Desirable Dilemma. Theory vs. Experimental Evidence

Posted on May 10, 2010
Posted by D. Daniel Sokol Christoph Engel (Max Planck Institute for Research on Collective Goods) discusses Competition as a Socially Desirable Dilemma: Theory vs. Experimental Evidence. ABSTRACT: Cartels are inherently instable. Each cartelist is best off if it breaks the...

Beer - the ties that bind

Posted on May 10, 2010
Posted by D. Daniel Sokol Michael Waterson (Department of Economics, University of Warwick) explores Beer - the ties that bind. ABSTRACT: It started with the Beer Orders (1989). A watershed decision was made by the Law Lords in July 2006....

Heterogeneous Distributions of Firms Sustained by Innovation Dynamics ? a model with an empirical application

Posted on May 10, 2010
Posted by D. Daniel Sokol Andersson, Martin (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology) and Johansson, Börje (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology) explore Heterogeneous...

British Airways fuel price-fixing trial collapses

Posted on May 10, 2010
Posted by D. Daniel Sokol Things look really bad for the case against BA. This is big news. I have not had time to figure out what has happened but if anyone has details, please feel free to email them...

Pioneer burnout: Radical product innovation and firm capabilities

Posted on May 10, 2010
Posted by D. Daniel Sokol Christina Guenther (Max Planck Institute of Economics) explains Pioneer burnout: Radical product innovation and firm capabilities. ABSTRACT: The question of whether and when to enter a newly emerging product market has been the focus of...

Designing Antitrust Agencies for More Effective Outcomes: What Antitrust Can Learn from Restaurant Guides

Posted on May 10, 2010
Posted by D. Daniel Sokol I noticed that coming out soon is the GCR's annual rating of enforcement agencies. It is always worth reading (and buying). I suggest a different set of metrics for a symposium piece I did for...

Department of Justice, Federal Trade Commission and U.S. Patent and Trademark Office to Hold Workshop on Promoting Innovation

Posted on May 10, 2010
Posted by D. Daniel Sokol The Department of Justice, the Federal Trade Commission (FTC) and the Department of Commerce's United States Patent and Trademark Office (USPTO) announced today that they will hold a joint public workshop on the intersection of...

The legacy of Neelie Kroes

Posted on May 08, 2010
Posted by D. Daniel Sokol Carl Baudenbacher (President of the EFTA Court, Chairman of the St Gallen International Competition Law Forum) explains The legacy of Neelie Kroes.

An Elasticity Measure of Welfare Loss in Symmetric Oligopoly

Posted on May 08, 2010
Posted by D. Daniel Sokol Tim James and Jolian McHardy (both Department of Economics, University of Sheffield) provide An Elasticity Measure of Welfare Loss in Symmetric Oligopoly. ABSTRACT: We derive a measure of welfare loss as a proportion of the....

What To Make of the Antitrust Legacy of Justice Stevens?

Posted on May 08, 2010
Posted by D. Daniel Sokol Spencer Waller of Chicago Loyola Law School provides an assessment of Justice Stevens and the Rule of Reason. ABSTRACT: Over the past thirty plus years Justice Stevens has played a special role in the jurisprudence...

The Pharmaceutical Sector Inquiry and its Impact on Competition Law Enforcement

Posted on May 07, 2010
Posted by D. Daniel Sokol Dominik Schnichels and Satish Sule (both DG Comp) explain The Pharmaceutical Sector Inquiry and its Impact on Competition Law Enforcement. ABSTRACT: Legal Context: This article covers the application of competition law to the pharmaceutical sector...

How Many Firms Should Be Leaders? Beneficial Concentration Revisited

Posted on May 07, 2010
Posted by D. Daniel Sokol Hiroaki Ino (Kwansei Gakuin University) and Toshihiro Matsumura (University of Tokyo) ask and answer How Many Firms Should Be Leaders? Beneficial Concentration Revisited. ABSTRACT: We investigate the relationship between the Herfindahl-Hirschman Index (HHI) and welfare...

The application of European competition law in the transport sector

Posted on May 07, 2010
Posted by D. Daniel Sokol Pierre Frühling, Charles Whiddington, John Cassels, and Elisabeth Decat (all Field Fisher Waterhouse) explore The application of European competition law in the transport sector. ABSTRACT: The economic crisis has affected the transport sector, particularly aviation...

Coming Next Week: The Top 25 List of Female Antitrust Law and Economics Professors

Posted on May 07, 2010
Posted by D. Daniel Sokol Next week I will be posting the "Best of" list for female professors around the world in antitrust law and antitrust IO economics. Feel free to send me nominations of full time faculty via email.

How do market structures affect decisions on vertical integration/separation?

Posted on May 07, 2010
Posted by D. Daniel Sokol Noriaki Matsushima (Institute of Social and Economic Research, Osaka University) and Tomomichi Mizuno (Competition Policy Research Center, Japan Fair Trade Commission) ask How do market structures affect decisions on vertical integration/separation? ABSTRACT: We provide a...

Estimating the ?Coordinated Effects? of Mergers

Posted on May 07, 2010
Posted by D. Daniel Sokol Peter J. Davis (Competition Commission UK) and Cristian Huse (Stockholm School of Economics) have an interesting paper on Estimating the ?Coordinated Effects? of Mergers. ABSTRACT: Mergers can be blocked if they increase the likelihood of...

Former FTC Chairman Timothy J. Muris Named Recipient of 2010 Kirkpatrick Award

Posted on May 06, 2010
Posted by D. Daniel Sokol One of the great antitrust minds in both academia and policy, Tim Muris, is being honored with the FTC's 2010 Kirkpatrick Award. See here for the FTC press release.

Patent Application: Obstacle for Innovation and Abuse of Dominant Position under Article 102 TFEU?

Posted on May 06, 2010
Posted by D. Daniel Sokol Joseph Straus (Professor of Law University of Ljubljana, and Munich) asks Patent Application: Obstacle for Innovation and Abuse of Dominant Position under Article 102 TFEU? ABSTRACT: The Commission has recently acted under Article 102 TFEU...

The Review of the Current Regime for the Assessment of Horizontal Cooperation Agreements under EU Competition Rules

Posted on May 06, 2010
Posted by D. Daniel Sokol College of Europe-Collège d'Europe Global Competition Law Centre The Review of the Current Regime for the Assessment of Horizontal Cooperation Agreements under EU Competition Rules Donncadh Woods, DG COMP, European Commission Axel Gutermuth, Arnold &...

The Commission's Pharmaceutical Sector Inquiry - What's Next?

Posted on May 06, 2010
Posted by D. Daniel Sokol College of Europe-Collège d'Europe Global Competition Law Centre The Commission's Pharmaceutical Sector Inquiry - What's Next? Dominik Schnichels, Head of the Pharmaceutical Task Force, European Commission James Killick, Partner, White & Case 20 May 2010...

Antitrust Marathon IV: With Authority

Posted on May 06, 2010
Posted by D. Daniel Sokol Philip Marsden, The British Institute of International and Comparative Law and Spencer Weber Waller, Loyola University Chicago School of Law give us Antitrust Marathon IV: With Authority. It is better than Police Academy IV, although...

Enhancing Competition Through The Cy Pres Remedy: Suggested Best Practices

Posted on May 06, 2010
Posted by D. Daniel Sokol Bert Foer (AAI) suggests Enhancing Competition Through The Cy Pres Remedy: Suggested Best Practices. ABSTRACT: TH E N O R M A L R E M E D I E S I N A private...

On-line reselling and selective distribution networks: What can be learnt from the French experience?

Posted on May 06, 2010
Posted by D. Daniel Sokol Robert Saint-Esteben, Olivier Billard, and Karin-Amélie Jouvensal (all Bredin Prat) ask On-line reselling and selective distribution networks: What can be learnt from the French experience? ABSTRACT: The European Commission is reviewing the competition rules applicable...

Competition under Dynamic Lot Sizing Costs with Capacity Acquisition

Posted on May 06, 2010
Posted by D. Daniel Sokol Hongyan Li (Aarhus School of Business, Aarhus University, Denmark) and Joern Meissner (Department of Management Science, Lancaster University Management School) describe Competition under Dynamic Lot Sizing Costs with Capacity Acquisition...

Quantification of Damages in Exclusionary Practice Cases

Posted on May 06, 2010
Posted by D. Daniel Sokol Paolo Buccirossi (LEAR) provides his thoughts on Quantification of Damages in Exclusionary Practice Cases. ABSTRACT: In order to make better use of economic tools in assessing damages resulting from exclusionary conduct there needs to be...

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