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Here below you find the most read articles on over the last week.
EVEN her enemies admire the bloody-mindedness of Margrethe Vestager, the European commissioner in charge of competition policy. Last autumn, not long after she had ordered Apple to pay €13bn ($14.5bn) in back-taxes to Ireland, to the fury of many in America, she flew across the Atlantic on a charm offensive. The Americans were not charmed; Ms Vestager was unmoved. Buckling up for the flight home, she tweeted that she had never felt so European. Read More.
Following a reference from the FCA, the CMA is today launching a market investigation into investment consultancy and fiduciary management services. Read More.
The combination of big data with technologically advanced tools, such as pricing algorithms, is increasingly diffused in everyone’s life today. This is changing the competitive landscape in which many companies operate and the way in which they make commercial and strategic decisions. Read More.
Caution in granting exclusivity rebates is still required as the Intel judgment has not eliminated the traditional presumption of illegality, but rather the Court has confirmed the possibility of rebutting it and clarified the analytical framework for doing so as follows. Read More.
On 7 September 2017, the European Court of Justice issued its preliminary ruling in Case C-248/16 Austria Asphalt. The judgment clarifies that a change from sole to joint control over an existing undertaking is a notifiable concentration under the Merger Regulation only if the resulting joint venture will be a “full function” joint venture post-transaction. The judgment in essence follows Advocate General Kokott’s Opinion of 27 April 2017. Read More.
This paper tests how well the method proposed by Bajari and Ye (2003) performs to detect bidrigging cartels. In the case investigated in this paper, the bid-rigging cartel rigged all contracts during the collusive period, and all firms participated to the bid-rigging cartel. The two econometric tests constructed by Bajari and Ye (2003) produce a high number of false negative results: the tests do not reject the null hypothesis of competition, although they should have rejected it. Read More.
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