2024 Academic Research and Thought Leadership

In 2024, Compass Lexecon experts published articles in a wide range of topics including competition, antitrust, litigation, international arbitration, energy, and intellectual property. We hope you may find it interesting to browse the list and dive into some of the papers.

The views expressed are those of the authors only and do not necessarily represent the views of Compass Lexecon, its management, its subsidiaries, its affiliates, its employees, or clients.

General economics and industrial organisation

Use of Economists in Competition Law Investigations, Ciara Kalmus, Alexander Lynchehaun, Thorunn Helgadottir, and Thomas Coibion, Thomas Reuters Practical Law, 19/01/2024 – (here, subscription required)

On excessive entry in Bayes‐Cournot oligopoly, Jorge Padilla, Joe Perkins, and Salvatore Piccolo, The RAND Journal of Economics 55.4, 10/11/2024 – (here, subscription required)

Does Improved Market Contestability Imply Higher Consumer Surplus?, Jorge Padilla and Salvatore Piccolo, Concurrences (Part of the Why Competition? Voices From The Antitrust Community and Beyond Concurrences 20th Anniversary book), 09/12/2024 – (here, subscription required)

Merger Control

New DOJ-FTC Merger Guidelines: Opportunities and Strategies for Merging Parties, Jeremy Sandford, Competition Policy International, 04/01/2024 – (here)

CPI Antitrust Chronicle: Booking/eTraveli and one-stop shopping, Jorge Padilla and Salvatore Piccolo, Competition Policy International, 26/01/2024 – (here)

Merging Laggards, Jorge Padilla, Salvatore Piccolo, and Paul Reynolds, Oxford Academic Journal of Competition Law and Economics, 06/02/2024 – (here)

Merger efficiencies, entry, and consumer welfare, Helder Vasconcelos, Economics Letters, 21/05/2024 – (here)

Multi-jurisdictional merger control accounting for decisional errors, Neil Dryden and Ben Dubowitz, The Analysis, 06/06/2024 – (here)

Can consumer surplus decrease with merger efficiencies?, Helder Vasconcelos, Economics Letters, 14/06/2024 – (here)

Remedies in Vertical Merger Cases, Oliver März, Wirtschaft und Wettbewerb, 01/07/2024 – (here, subscription required)

Global Merger Insights: An Economist's Perspective, Neil Dryden, Nathan Wilson, Loren Smith, Elizabeth Wang, Helder Vasconcelos, Cindy Nah, Lorenzo Coppi, David Sevy, Compass Lexecon, 01/07/2024 – (here)

The merger-specificity of efficiencies: ensuring consistency of assessment between regulatory concerns, efficiency claims and remedial commitments, Lau Nilausen, Competition Law Journal, 18/09/2024 – (here, subscription required)

Is the threat of retaliation by customers an economically sound defence to input foreclosure?, Christopher Milde and Oliver März, The Analysis, 01/10/2024 – (here)

A tale of two approaches: Merger policy during the Biden administration, Nathan Wilson and Allan Shampine, Concurrences, 01/11/2024 – (here, subscription required)

Dynamic markets and stale market definitions: The snowballing burden of legacy market segmentations in media mergers, Lau Nilausen, The Analysis, 28/11/2024 – (here)

Exclusionary abuse

Competition on the Merits?, Damien Neven, EU Law Live’s Competition Corner, 30/10/2024 – (here)

Guidelines without Guidance: Roundtable discussion on the draft Article 102 guidelines, Jorge Padilla and Damien Neven, Compass Lexecon, 31/10/2024 – (here)

What is an exclusionary abuse?, Jorge Padilla, Concurrences, 17/12/2024 – (here)

Damages Litigation

Ten years of the Damages Directive: Three ways to better use economic analysis in court, Jasper Haller and Soledad Pereiras, The Analysis, 01/10/2024 – (here)

On the plausibility of small cartel overcharges, Jorge Padilla, Enrique Andreu, and Salvatore Piccolo and Ben Dubowitz, The Analysis , 28/11/2024 – (here)

State Aid and Foreign Subsidies

Bad Blood? Appetite for State aid concepts in Southeast Asia since Taylor Swift’s exclusivity deal, Urs Haegler and Jun Kai Wee, The Analysis, 01/10/2024 – (here)

Lessons from the first FSR merger investigations, Lorenzo Coppi, The Analysis , 28/11/2024 – (here)

Competition in Digital Markets

Ecosystem theories of harm – a new risk or just a new word?, Cecilia Nardini and Angelos Stenimachitis, Financier Worldwide, 24/01/2024 – (here)

China’s Emerging Approach to Regulating General-Purpose Artificial Intelligence: Balancing Innovation and Control, Qiheng Chen, Asia Society Policy Institute, 07/02/2024 – (here)

Not all E-Commerce Businesses are Born Equal: Implications for Privacy Regulation, Jorge Padilla, Salvatore Piccolo, Albert Riera and Helder Vasconcelos, Competition Policy International, 06/03/2024 – (here)

Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms, Andres Lerner, Competition Policy International, 29/04/2024 – (here, subscription required)

The value exchange between search engines and news publishers, Jorge Padilla, Lau Nilausen, 05/06/2024 – (here)

A Primer on The Value Exchange Between News Publishers and Search Engines, Jorge Padilla, Lau Nilausen, Andrew Tuffin, 12/06/2024 – (here)

How will India’s draft digital competition bill shape the future?, Justin Coombs, Kadambari Prasad, and Neha Georgie, Compass Lexecon, 19/06/2024 – (here)

The Effect of Voice AI on Digital Commerce, Anindya Ghose, Information Systems Research (forthcoming), 09/09/2024 – (here)

THRIVE: Maximizing Well-Being in the Age of AI, Anindya Ghose, MIT Press, 16/10/2024 – (here)

Implementing the DMA: The role of behavioural insights, Zita Vasas, Journal of European Competition Law and Practice, 23/10/2024 – (here)

What constitutes self-preferencing and its proliferation in digital markets?, Guillaume Duquesne, Thomas Bowman, Thibaut de Bernard, Kadu Prasad, Paul Armstrong, GCR Digital Markets Guide Edition 4, 14/12/2024 – (here)

Competition in Labour markets

The not-so-simple interaction between labour and product markets: Applications to competition policy, Benoît Voudon, The Analysis, 28/02/2024 – (here)

Labour market monopsony power: Assessment of labour substitutability, Nadine Watson, Joanna Hornik, and Bartosz Redlicki, The Analysis, 06/06/2024 – (here)

Competition in labour markets, the renewed interest of the competition authorities, Michele Avagliano, Milano Finanza, 17/06/2024 – (here)

CPI Antitrust Chronicle: No poach agreements - an economic perspective, Helder Vasconcelos and Pedro Pereira, Competition Policy International, 02/07/2024 – (here, subscription required)

Competition in other sectors

The return of long-term contracts for electricity: Implications for competition policy, Fabien Roques and Guillaume Duquesne, The Analysis, 28/02/2024 – (here)

GCR The Guide to Life Sciences: An Economist’s Perspective on Abuse of Dominance and Killer Acquisitions in the Pharma Industry, Valerie Meunier, Rameet Sangha, and David Sevy , Global Competition Review, 27/08/2024 – (here)

Legitimate Objectives in Antitrust Analysis: The FIFA Regulation of Agents and the Right to Regulate Football in Europe, Damien Neven, Concurrences, 01/07/2024 – (here)

Comments on the Mobile Telecoms Sections of the European Commission’s Report on the State of Competition in the EU, Jorge Padilla, Ian Small, Thilo Klein and Paul Reynolds, Compass Lexecon, 21/11/2024 – (here)

Governance and Competition – The Case of Sports, Damien Neven, Concurrences (Part of the Why Competition? Voices From The Antitrust Community and Beyond Concurrences 20th Anniversary book), 16/12/2024 – (here, subscription required)

Intellectual Property

The Geopolitical Implications of Patent Holdout and the Ensuing Race to the Home Court, Jorge Padilla and Andrew Tuffin, Cambridge University Press book: 5G and Beyond: Intellectual Property and Competition Policy in the Internet of Things, 23/01/2024 – (here)

FRAND Remedies in China’s Merger Control: An Economic Perspective, Vanessa Zhang, American Bar Association: The Antitrust Source, 28/02/2024 – (here, subscription required)

Validating that royalties inferred from “comparable” SEP licences are FRAND, Pekka Sääskilahti and Andrew Tuffin, The Analysis, 28/02/2024 – (here)

What are Fair and Reasonable prices? Making a flexible concept tractable, Ciara Kalmus and Kadambari Prasad, The Analysis, 06/06/2024 – (here)

International Arbitration

Quantification of ISDS Claims: Specific Issues, Edition 2, Boaz Moselle, Ruxandra Ciupagea, and Juan Carlos Bisso, Global Arbitration Review, 29/01/2024 – (here)

Economic Policy

A cost-of-living squeeze? Distributional implications of rising inflation, Chiara Soriolo, Public Sector Economics Journal, 02/01/2024 – (here)

CPI Antitrust Chronicle: What is wrong with the WTO discipline on subsidies?, Damien Neven, Competition Policy International, 07/08/2024 – (here, subscription required)

Does Increasing Concentration Hit Poorer Areas More? A Study of Retail Petroleum Markets, Peter Ormosi, The Journal of Industrial Economics, 02/09/2024 – (here)

Working papers

Data analytics for algorithmic pricing, Salvatore Piccolo, 25/10/2024 – (here)

Collusion with Anticipated Damages Claims, Salvatore Piccolo, Jorge Padilla, and Enrique Andreu, 13/12/2024 - (here)

Other topics

Unleashing Champions: What European football tells us about globalisation, concentration and competition, Lau Nilausen and Kristofer Hammarbäck, The Analysis, 06/06/2024 – (here)

Information acquisition and financial advice, Salvatore Piccolo, Economic Modelling 141, 03/07/2024 (here, subscription required)

Criminal network, leniency, and market externalities, Salvatore Piccolo. Journal of Public Economic Theory, 08/08/2024 – (here, subscription required)

The Landscape under China’s New Anti-Monopoly Law: An Economic Perspective, Vanessa Zhang, Rita Xiaoping Li and Verdi Choo, The Analysis, 01/10/2024 – (here)