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Here below you find the most read articles over the last week.
BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology. Read More.
FTC Announces Agenda for November 8 Workshop on Examining Competition Issues Related to Prescription Drug Markets
The Federal Trade Commission has announced an agenda for its upcoming workshop on competition issues related to prescription drug markets.Acting FTC Chairman Maureen K. Ohlhausen and U.S. Food and Drug Commissioner Dr. Scott Gottlieb will give the keynote addresses. Read More.
Disruptive Competition Project (DisCo)
In a research paper published by the Computer and Communications Industry Association (CCIA), we expand on a previous DisCo blog post and argue that the gains in music choice, creativity, diversity and competitiveness – thanks mainly to digital services – have not been achieved at the expense of legacy music players, such as major labels and collecting societies. Read More.
Truth on the Market
In her distinguished tenure as a Commissioner and as Acting Chairman of the FTC, Maureen Ohlhausen has done an outstanding job in explaining the tie between robust patent protection and economic growth and innovation. Her latest public pronouncement on this topic, an October 13 speech entitled “Strong Patent Rights, Strong Economy,” also makes a highly valuable contribution to the patent policy debate. Read More.
This OECD working paper develops a new model to illustrate how higher profits from market power, and associated higher prices, could influence the distribution of wealth and income. It suggests that market power and higher prices increase the wealth of the richest 10 per cent of the population in eight OECD countries by between 12% and 21%, while at the same time reducing the disposable income of the poorest 20 per cent by between 14% and 19%. Read More.
Christian Bergqvist, University of Copenhagen - Faculty of Law
The dominant undertaking’s ability to award discounts and other loyalty inducing considerations are subject to much ambiguity and unsettled issues. Despite discounts being a commercial requirement, even for the dominant undertaking, it’s difficult to draw up clear principles, and while the approach to non-dominant undertaking’s restriction of competition has been fundamentally recast over the last 20 years, the appraisal of single company behaviour remains more formal and rigid. However, there have recently been indications that some of the same leniency might have been extended to discounts and unilateral behaviour. Consequently, an attempt shall be made to provide some guidelines under EU and Danish practice. Danish companies would normally be governed by both and the later has been aligned to the former, thus providing general guidance on EU practice. Moreover, the recent Intel will be incorporated with due respect to the different possible reading of the Court of Justices ruling. Read More.
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