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Alleged restriction of competition agreement in the Spanish market for distribution of consumer electronics – ongoing

Lear is assisting an international manufacture of consumer electronics in a proceeding started by the Spanish National Markets and Competition Commission (CNMC) on a vertical agreement with one of the main marketplaces that has allegedly reduced intra-brand price competition on the marketplace and led consumers to pay higher prices for the branded goods. Lear prepared an economic brief highlighting the shortcomings of the CNMC’s analysis, in particular showing that the observed increase in prices happened before the agreement, thus it cannot be the cause, and highlighting the efficiencies arising from the agreement, showing that a vertical restrain can still be welfare enhancing when considering the effects of the agreement on inter-brand competition.