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Weekly Digest | Issue 9

Valur Thrainsson
2 min read

Good morning,

We hope you are enjoying CompetitionFeed.

Here below you find the most read articles on CompetitionFeed over the last week.


POLITICO

Facebook to Vestager: Let’s be friends

Facebook did something remarkable for a Silicon Valley company in Brussels on Thursday: It admitted it made a mistake. And it essentially welcomed the €110 million sanction that ensued. The conciliatory approach could mark a new era for Europe’s approach to Facebook, which has long riled privacy regulators and collected fines across the Continent. Read More.

The New York Times

E.U. Fines Facebook $122 Million Over Disclosures in WhatsApp Deal

Europe’s love affair with Facebook may be coming to an end. On Thursday, the European Union’s powerful antitrust chief fined the social network 110 million euros, or about $122 million, for giving misleading statements during the company’s $19 billion acquisition of the internet messaging service WhatsApp in 2014. Read More.

European Commission

Commission opens formal investigation into Aspen Pharma's pricing practices for cancer medicines

The European Commission has opened a formal investigation into concerns that Aspen Pharma has engaged in excessive pricing concerning five life-saving cancer medicines. The Commission will investigate whether Aspen has abused a dominant market position in breach of EU antitrust rules.Read More.

Italian Competition Authority

ICA publishes EU report on online hotel booking

The Italian Competition Authority (AGCM), the European Commission and nine other national competition authorities (the NCAs of Belgium, Czech Republic, France, Germany, Hungary, Ireland, Netherlands, Sweden and UK), published a report on the monitoring activity, conducted during 2016, in the online hotel booking sector. The purpose of the monitoring activity was to assess the effects - on the way in which hotels market their rooms– of the antitrust enforcement measures adopted in various Member States, which have led to changes into the contractual conditions applied to booking online ('wide parity clauses'). Read More.

Truth on the Market

The Present State and Future Prospects of the International Competition Network (ICN)

  • The International Competition Network (ICN), a “virtual” organization comprised of most of the world’s competition (antitrust) agencies and expert non-governmental advisors (NGAs), held its Sixteenth Annual Conference in Porto, Portugal from May 10-12.
  • The ICN, whose key objective is to promote “soft convergence” among competition law regimes, has much to celebrate.
  • The ICN can point to some significant accomplishments, but faces major future challenges.
  • After describing those challenges, I advance four recommendations for U.S.-led initiatives to enhance the future effectiveness of the ICN. Read More.

Centre for Economic Policy Research

Competition and hospital quality: Evidence from a French natural experiment

Gobillon, Laurent and Milcent, Carine.
We evaluate the effect of a pro-competition reform gradually introduced in France over the 2004-2008 period on hospital quality measured with the mortality of heart-attack patients. We find that non-profit hospitals, which have managerial autonomy and no incentive for competition before the reform, enjoyed larger declines in mortality in places where there is greater competition than in less competitive markets. Read More.


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Best wishes, CompetitionFeed Team
E-mail: valur@competitionfeed.com

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