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Here below you find the most read articles on over the last four weeks.
The diesel scandal is not a failure on the part of individual companies, but rather the result of collusion among German automakers that lasted for years. Audi, BMW, Daimler, Volkswagen and Porsche coordinated their activities in more than a thousand meetings. The exposure of a cartel. Read More.
Germany's BMW (BMWG.DE) has told its top managers that regulators probing reports of collusion among German carmakers will find the allegations hard to justify, two sources familiar with the matter said. Read More.
The European Commission has informed pharmaceutical company Teva of its preliminary view that an agreement concluded with Cephalon was in breach of EU antitrust rules. Under the agreement, Teva committed not to market a cheaper generic version of Cephalon's drug for sleep disorders, modafinil. Read More.
For the first time in over 100 years in Australia, a cartelist was convicted, sentenced and fined for a breach of the criminal law yesterday. Despite NYK pleading guilty and cooperating with the prosecution, the $25 million fine is the second largest ever imposed under the Competition and Consumer Act (2010). Read More.
Democratic Party “Better Deal” Antitrust Proposals Would be a “Worse Deal” for the American Economy and Consumers
On July 24, as part of their newly-announced “Better Deal” campaign, congressional Democrats released an antitrust proposal (“Better Deal Antitrust Proposal” or BDAP) entitled “Cracking Down on Corporate Monopolies and the Abuse of Economic and Political Power.” Unfortunately, this antitrust tract is really an “Old Deal” screed that rehashes long-discredited ideas about “bigness is badness” and “corporate abuses,” untethered from serious economic analysis. Implementation of the BDAP’s recommendations would be a “worse deal” for American consumers and for American economic vitality and growth. Read More.
In this article, published in Competition Law and Policy Debate, Lars Wiethaus and Simon Chisholm review the findings relating to e-commerce in goods and, from an economic perspective, assess whether the reasons for firms to employ vertical restraints, as reported in the inquiry, are in line with possible pro-competitive or anti-competitive motivations. Read More.
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