Corporate & Securities Law

Competition Policy Institutional Design in the UK

Posted on March 10, 2011
Posted by D. Daniel Sokol Laura Carstensen (CC) gave an interesting speech to the Association of Corporate Counsel Europe Seminar that is worth reading.

The Rise of European Competition Policy, 1950-1991: A Cross-Disciplinary Survey of a Contested Policy Sphere

Posted on March 10, 2011
Posted by D. Daniel Sokol Laurent Warlouzet (European University Institute) examines The Rise of European Competition Policy, 1950-1991: A Cross-Disciplinary Survey of a Contested Policy Sphere. ABSTRACT: Competition policy is perhaps the field in which the European Commission has the...

Technology Adoption in Standard Setting Organizations: A Model of Exclusion with Complementary Inputs and Hold-Up

Posted on March 10, 2011
Posted by D. Daniel Sokol Emanuele Tarantino, University of Bologna - Department of Economics, Tilburg Law and Economics Center (TILEC) writes on Technology Adoption in Standard Setting Organizations: A Model of Exclusion with Complementary Inputs and Hold-Up...

Oligopoly as a Socially Embedded Dilemma: An Experiment

Posted on March 10, 2011
Posted by D. Daniel Sokol Christoph Engel, Max Planck Institute for Research on Collective Goods and Lilia Zhurakhovska, describe Oligopoly as a Socially Embedded Dilemma: An Experiment. ABSTRACT: From the perspective of competitors, competition may be modeled as a prisoner?s...

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Empirical Analysis of Inter-Firm Rivalry between Japanese Full-Service and Low-Cost Carriers

Posted on March 10, 2011
Posted by D. Daniel Sokol Hideki Murakami, Kobe University undertales an Empirical Analysis of Inter-Firm Rivalry between Japanese Full-Service and Low-Cost Carriers. ABSTRACT: This paper empirically analyzes dynamic change in inter-firm rivalry between Japanese low-cost carriers (LCC) and full-service carriers,...

Estimation of cost synergies from mergers without cost data: Application to U.S. radio

Posted on March 10, 2011
Posted by D. Daniel Sokol Przemyslaw Jeziorski (Johns Hopkins) has posted Estimation of cost synergies from mergers without cost data: Application to U.S. radio. ABSTRACT: This paper develops a new way to estimate cost synergies from mergers without using actual...

Airport Congestion Pricing and its Welfare Implications: The Case of Variable Passenger Time Costs

Posted on March 10, 2011
Posted by D. Daniel Sokol Andrew Yuen, Chinese University of Hong Kong (CUHK) and Anming Zhang, University of British Columbia - Sauder School of Business explore Airport Congestion Pricing and its Welfare Implications: The Case of Variable Passenger Time Costs...

NDRC's Antitrust Enforcement Decisions

Posted on March 10, 2011
Posted by D. Daniel Sokol Michael Zhengping Gu (Zhong Lun Law Firm) has posted on NDRC's Antitrust Enforcement Decisions. ABSTRACT: Unlike the Ministry of Commerce ("MOFCOM"), which is in charge of merger control, the National Development and Reform Commission ("NDRC")...

Economic Analysis of the Effects of the Federal Reserve Board?s Proposed Debit Card Interchange Fee Regulations on Consumers and Small Businesses

Posted on March 09, 2011
Posted by D. Daniel Sokol David S. Evans, University of Chicago Law School, University College London, Robert E. Litan, Ewing Marion Kauffman Foundation, AEI-Brookings Joint Center for Regulatory Studies, and Richard Schmalensee, Massachusetts Institute of Technology (MIT) - Sloan School...

New Developments in Ian Norris Case

Posted on March 09, 2011
Posted by D. Daniel Sokol Ian Norris is the case that keeps on giving. Sue Reisinger's Corporate Counsel magazine article this week (see here) To recap, Norris was exonerated by unanimous jury verdicts of the substantive offenses of obstruction of...

The Institutional Framework for Doing Sports Business: Principles of EU Competition Policy in Sports Markets

Posted on March 09, 2011
Posted by D. Daniel Sokol Oliver Budzinski, University of Southern Denmark - Department of Environmental and Business Economics has written on The Institutional Framework for Doing Sports Business: Principles of EU Competition Policy in Sports Markets...

Corporate Leniency with Private Information: The Push of Prosecution and the Pull of Pre-emption

Posted on March 09, 2011
Posted by D. Daniel Sokol Joe Harrington (Johnhs Hopkins - Econ) has posted the very interesting Corporate Leniency with Private Information: The Push of Prosecution and the Pull of Pre-emption. This adds to Joe's overall impressive set of papers on....

Networks of Collaboration in Multi-market Oligopolies

Posted on March 09, 2011
Posted by D. Daniel Sokol Pascal Billand, Christophe Bravard, Subhadip Chakrabarti, and Sudipta Sarangi describe Networks of Collaboration in Multi-market Oligopolies. ABSTRACT: The result that firms competing in a Cournot oligopoly with pairwise collaboration form a complete network under zero...

Draft Merger regulations published by the Competition Commissdion of India are now open for consultation

Posted on March 09, 2011
Posted by D. Daniel Sokol Draft Merger regulations published by the CCI are now open for consultation. You can send in comments before 22 March 2011. More details are available at : http://www.cci.gov.in/menu/DraftSug080311.pdf.

Sunk costs, market contestability, and the size distribution of firms

Posted on March 09, 2011
Posted by D. Daniel Sokol Ioannis N. Kessides (World Bank) and Li Tang (Inter-American Developmenjt Bank) analyze Sunk costs, market contestability, and the size distribution of firms. ABSTRACT: This paper offers a new economic explanation for the observed inter-industry differences...

Adding Antitrust to NDRC's Arsenal

Posted on March 09, 2011
Posted by D. Daniel Sokol Nathan Bush & Yue Bo (O'Melveny & Myers) discuss Adding Antitrust to NDRC's Arsenal. ABSTRACT: On December 29, 2010, the National Development and Reform Commission ("NDRC") released the Anti-Price Monopoly Regulation and the Regulation on...

Endogenous Market Structures and Contract Theory: Delegation, principal-agent contracts, screening, franchising and tying

Posted on March 08, 2011
Posted by D. Daniel Sokol Federico Etro (Department of Economics, University Of Venice Cà Foscari) has posted Endogenous Market Structures and Contract Theory: Delegation, principal-agent contracts, screening, franchising and tying. ABSTRACT: I study the role of unilateral strategic contracts for...

Rigid Pricing and Rationally Inattentive Consumer

Posted on March 08, 2011
Posted by D. Daniel Sokol Filip Matejka (Economics Institute - Czech Republic) analyzes Rigid Pricing and Rationally Inattentive Consumer. ABSTRACT: This paper proposes a mechanism leading to rigid pricing as an optimal strategy. It applies a framework of rational inattention...

The Sound of One Hand Clapping: The 2010 Merger Guidelines and the Challenge of Judicial Adoption

Posted on March 08, 2011
Posted by D. Daniel Sokol Judd E. Stone, International Center for Law and Economics and Joshua D. Wright, George Mason University School of Law discuss The Sound of One Hand Clapping: The 2010 Merger Guidelines and the Challenge of Judicial...

Dominance & Pricing in Europe Conference 2011

Posted on March 08, 2011
Posted by D. Daniel Sokol The Dominance & Pricing Conference 2011 offers a first-class legal review of key Article 102 developments, recent case law and their practical impacts on your organsiation. Despite updates, guidelines and clarification of other areas of...

Oligopolistic Screening and Two-way Distortion

Posted on March 08, 2011
Posted by D. Daniel Sokol Michela Cella (Department of Economics, University Of Milan, Bicocca) and Federico Etro (Department of Economics, University Of Venice, Ca? Foscari) describe Oligopolistic Screening and Two-way Distortion. ABSTRACT: We analyze the choice of incentive contracts by...

Interview With Chairman Kumar of the Competition Commission of India

Posted on March 08, 2011
Posted by D. Daniel Sokol A new interview of Chairman Kumar of the Competition Commission of India with interviewers Ioannis Lianos (UCL) and Daniel Sokol (University of Florida, ie, me), the co-edtiors of the Global Competition Law and Economics series...

6th American Conference Institute?s Pharmaceutical Antitrust Conference

Posted on March 08, 2011
Posted by D. Daniel Sokol Day One, Tuesday May 10, 2011 8:15 Registration and Continental Breakfast 9:00 Co-Chairs? Opening Remarks Stephen C. Cipolla Counsel Merck & Co., Inc. (North Wales, PA) Jonathan Wasserman Vice President & Associate General Bristol-Myers Squibb...

A Set of Five Regulations to Effectively Implement the Anti-Monopoly Law

Posted on March 08, 2011
Posted by D. Daniel Sokol Anti-Monopoly and Anti-Unfair Competition Enforcement Bureau at the State Administration for Industry and Commerce, P.R.C. provides A Set of Five Regulations to Effectively Implement the Anti-Monopoly Law. ABSTRACT: Antitrust laws are essential to a market...

Recent Judgments Regarding Transparency and Access to Documents in the Field of Competition Law: Where Does the Court of Justice of the EU Strike the Balance?

Posted on March 07, 2011
Posted by D. Daniel Sokol Gaëtane Goddin(Facultés universitaires Saint-Louis and administrator at DG Competition) asks Recent Judgments Regarding Transparency and Access to Documents in the Field of Competition Law: Where Does the Court of Justice of the EU Strike the...

Strategic Advertising for Entry Deterrence Purposes

Posted on March 07, 2011
Posted by D. Daniel Sokol Paolo Coccorese (University of Salerno - Econ) explores Strategic Advertising for Entry Deterrence Purposes. ABSTRACT: This paper evaluates the possible effects of advertising on conditions of entry in a market with one incumbent and one...

Competitive mixed bundling of vertically differentiated products

Posted on March 07, 2011
Posted by D. Daniel Sokol Illtae Ahn (Department of Economics, Chung-Ang University, Seoul, Republic of Korea) and Kiho Yoon (Department of Economics, Korea University, Seoul, Republic of Korea) address Competitive mixed bundling of vertically differentiated products...

Competition and R&D Cooperation with Universities and Competitors

Posted on March 07, 2011
Posted by D. Daniel Sokol Thomas Bolli, KOF ETHZ and Martin Woerter, ETH Zurich, Swiss Economic Institute (KOF) address Competition and R&D Cooperation with Universities and Competitors. ABSTRACT: This paper analyzes the relationship between competition and R&D cooperation with universities...

Antitrust Class Actions in the European Union: Latest Developments and the Need for a Uniform Regime

Posted on March 07, 2011
Posted by D. Daniel Sokol Veronica Pinotti and Dana Stepina (both McDermott Will) discuss Antitrust Class Actions in the European Union: Latest Developments and the Need for a Uniform Regime. ABSTRACT: The evolution of class actions continues to feature prominently...

FTC Releases The Evolving IP Marketplace: Aligning Patent Notice and Remedies with Competition

Posted on March 07, 2011
Posted by D. Daniel Sokol The FTC has released The Evolving IP Marketplace: Aligning Patent Notice and Remedies with Competition. According to the press release: The new report recognizes that patents play a critical role in encouraging innovation. At the...

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