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Your Weekly Digest | Issue 63

Valur Thrainsson
2 min read

Good morning,

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


The New York Times

Judge in AT&T Case Ignored ‘Economics and Common Sense,’ Government Says

WASHINGTON — The Justice Department on Monday laid out its case against a federal court’s approval of the AT&T and Time Warner merger, criticizing a judge for “erroneously ignoring fundamental principles of economics and common sense.” Read More.

FTC

Timing is everything: The Model Timing Agreement

The Bureau of Competition has undertaken several initiatives to streamline our merger review process in order to reach swifter resolutions—whether that be clearance, a negotiated settlement, or a lawsuit. As part of these efforts, we are announcing a new Model Timing Agreement for the Bureau’s merger reviews. Read More.

LEX

Heat supply contracting in a regulated environment

This blog focuses on the potential impact on future supply relationships between heat suppliers and customers and how operators/suppliers may need to adjust their current arrangements. Read More.

Antitrust M&A Snapshot

The second quarter of 2018 ushered in a trial defeat for the US Department of Justice (DOJ) and the beginning of a new era at the Federal Trade Commission (FTC). Read More.

Disruptive Competition Project

Breaking Down the European Commission’s Misperceptions in Its Android Case

Now that the dust has cleared on the European Commission’s (EC) decision on Android, it is worth taking another look at how the EC has characterized Google’s misconduct. Read More.


Microeconomic Insight

The economics of density: evidence from the Berlin Wall

The Berlin Wall provides a unique natural experiment for identifying the key sources of urban development. Read More.



International Journal of Industrial Organization

Welfare Decreasing Endogenous Mergers between Producers of Complementary Goods

Pedro Pita Barros, Duarte Brito and Helder Vasconcelos

  • We study the es of mergers between producers of complements.
  • In our model, consumers need two components to make up a system.
  • Two vertically dintiated producers sell one component and a monopolist sells the other.
  • A merger involving the low quality producer of one component with the monopolist may decrease both consumers’ surplus and welfare.
  • This merger can endogenously occur. Read More.



International Journal of Industrial Organization

Optimal Licensing of Technology in the Face of (Asymmetric) Competition

Cuihong Fan, Byoung Heon Jun, Elmar G.Wolfstetter
• We consider licensing of technology by an incumbent firm in a Cournot oligopoly. • Focusing on how competition among licensees shapes optimal license contracts. • Relaxing standard assumption about demand, cost profiles, and the number of licenses. • We compare license contracts with standard and menu license auctions. • We design a dynamic mechanism that extracts the maximum surplus. Read More.



ESMT Working Paper 17-04

Static or dynamic efficiency: Horizontal merger effects in the wireless telecommunications industry

M. Grajek, K. Gugler, T. Kretschmer, I. Miscisi
This paper studies five mergers in the European wireless telecommunication industry and analyzes their impact on prices and capital expenditures of both merging carriers and their rivals. Read More.



Antitrust & Competition Policy Blog

Caron Beaton-Wells introduces new podcast series Competition Lore

Featuring regular cut-through interviews with leading thinkers, movers and shakers, Competition Lore is a podcast series that engages us all in a debate about the transformative potential and risks of digitalised competition. Read More.

Visit CompetitionFeed.com and read more.

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

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