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Here below you find the most read articles on over the last week.
Democratic Senator Elizabeth Warren put a "hold" on the confirmation of Makan Delrahim, President Donald Trump’s nominee to run the Justice Department’s antitrust division, delaying a vote until at least September, according to two people familiar with the matter. Read More.
E-Commerce Company and Top Executive Agree to Plead Guilty to Price-Fixing Conspiracy for Customized Promotional Products
An e-commerce company and its top executive have agreed to plead guilty to conspiring to fix prices for customized promotional products sold online to customers in the United States. Zaappaaz Inc. (d/b/a WB Promotions Inc., Wrist-Band.com and Customlanyard.net) and its president Azim Makanojiya agreed to plead guilty to a one-count criminal violation of the Sherman Act. Read More.
Federal Trade Commission Closes Investigation of Honeywell International, Inc. and E.I. DuPont de Nemours & Co.
The Federal Trade Commission has closed its investigation of several agreements between Honeywell International, Inc. and E.I. DuPont de Nemours & Co.1 related to the sale of 1234yf, the next generation refrigerant in automotive air conditioning systems. The Commission voted to close the investigation in accordance with a recently announced initiative to close older, pending investigations where appropriate. Read More.
The South African Competition Commission (SACC) recently announced that it will be conducting market inquiries into both the Public Passenger Transport sector (Transport Inquiry) as well as investigate the high costs of Data (Data Inquiry). These inquiries are in addition to the SACC’s market inquiries into the private healthcare sector and grocery retail sector (which are still on-going) and the recently concluded LPG market inquiry. Read More.
The ongoing debate about the role of market definition in antitrust cases addresses the usefulness and correct application of the Hypothetical Monopolist Test (HMT) as defined by the U.S. Department of Justice and the Federal Trade Commission in the Horizontal Merger Guidelines. These guidelines intend to identify the techniques that those agencies use to evaluate the potential anticompetitive effects of a merger. In this article, I examine the accuracy of the HMT. Therefore, depending on the underlying parameters of the utility function, the HMT might either overestimate or underestimate the size of the relevant product market, sometimes producing purely arbitrary results. Read More.
Access to the network is one of the key tools used by regulators to stimulate competition in network industries. Given the transaction costs that are generated by the adoption of a mandatory access regime at regulated prices and the risks it presents for universal service, it is questionable whether such a regime is worth it. That is especially the case considering that access-based policies only expose a relatively small amount of costs to competition (competition at the margin) and therefore the price reductions it will trigger will generally be small and only profit to large postal users. Read More.
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