Your Weekly Digest | Issue 121
Good morning,
Here below you find the most read articles on CompetitionFeed over the last week.
REUTERS
U.S. Justice Dept sets up anti-price collusion 'strike force'
The Justice Department said on Tuesday it had created a strike force that will identify and prosecute companies that fix prices or collude to push up the cost of billions of dollars’ worth of U.S. government purchases. Read More.
abcNEWS
EU investigates French supermarkets in antitrust case
The European Commission is investigating whether two of France's largest chains of retail shops have infringed the bloc's competition rules by colluding on sales activities. Read More.
REUTERS
EU's Vestager says Google's antitrust proposal not helping shopping rivals
Alphabet unit Google’s proposal to create a level playing field for price comparison shopping rivals to stave off fresh fines has not led to more traffic for its competitors, Europe’s antitrust chief said on Thursday. Read More.
Bundeskartellamt
The French Autorité de la concurrence and the German Bundeskartellamt present their joint study on algorithms and competition
In their joint conceptual project – Algorithms and Competition – the Autorité de la concurrence and the Bundeskartellamt studied potential competitive risks that might be associated with algorithms. Read More.
FTC
FTC Commissioners Unanimously Find that Consummated Merger of Microprocessor Prosthetic Knee Companies Was Anticompetitive; Assets Must Be Unwound
The Federal Trade Commission issued an Opinion and Final Order in which the Commission upholds the Administrative Law Judge’s decision that the consummated acquisition of Freedom Innovations by Otto Bock HealthCare North America, Inc.—both top sellers of prosthetic knees equipped with microprocessors or MPKs—resulted in anticompetitive harm in the microprocessor prosthetic knee market, likely leading to higher prices and less innovation for amputee patients and prosthetic clinic customers. Read More.
Microeconomic Insight
Effects of vertical mergers in multichannel TV markets: evidence from regional sports programming
When producers of TV channels, such as Time Warner, and distributors of those channels, such as AT&T, are merged, what are the impacts on consumers, rival producers and rival distributors? Read More.
Review of Industrial Organization
Recent Developments at DG Competition: 2018/2019
Rossitza Kotzeva, David Kovo, Szabolcs Lorincz, Geza Sapi, Lluis Sauri, Tommaso Valletti
The Directorate General for Competition at the European Commission enforces competition law in the areas of antitrust, merger control, and state aids. Read More.
CEPR Discussion Paper
The Herfindahl-Hirschman Index and the Distribution of Social Surplus
Yossi Spiegel
I show that in a broad range of oligopoly models where firms have (not necessarily identical) constant marginal cost, HHI is an increasing function of the ratio of producers' surplus and consumers' surplus and therefore reflects the division of surplus between firms' owners and consumers.Read More.
International Journal of Industrial Organization
Mergers in Medicare Part D: Assessing Market Power, Cost Efficiencies, and Bargaining Power
Anna Chorniya, Daniel Miller and Tilan Tang
We empirically examine horizontal mergers amongst Part D insurers with the aim of assessing how market power, cost efficiencies, and bargaining power affect premiums and coverage characteristics, including drug access and out-of-pocket (OOP) cost. Read More.
Working Paper
On the Consistency of the European Commission’s Remedies Practice
Benjamin Lörtscher and Frank P. Maier-Rigaud
The European Commission’s remedial practice displays important differences in the type of remedies accepted in merger versus antitrust cases. Read More.
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