Lear specializes in applying economics to antitrust and competition policy questions. Our economists combine an in-depth knowledge of economic theory and cutting-edge statistical and econometric techniques with the ability to present sophisticated economic arguments in a clear and persuasive way.
We have extensive experience in dealing with mergers and acquisitions, abuses of dominance, vertical agreements, cartels and state aid. We provide advice to firms involved in proceedings before National Competition Authorities and the European Commission. We also perform ex-ante assessments of the antitrust risks of specific business decisions.
Lear’s experience spans across a broad range of industries, including telecommunications & media, retailing, transport, chemicals, food products, industrial manufacturing, energy, banking, insurance, recycling and consumer durables. Our clients are some of the major players in these industries.
We also undertake projects and studies for European and National Competition Authorities on antitrust issues. Relevant works carried out by our economists include: an ex-post assessment of two merger decisions for the UK Competition Commission, a study proposing a methodology for the review of merger decisions for the DG Competition of the European Commission and a report on the cost of erroneous interventions under Article 102 (TFEU) for the UK Office of Fair trading.
Lear, together with Analysis Mason, assisted one of the major fixed telecom operator in the Slovenian market by evaluating the potential exclusionary effects of a proposed discount wholesale scheme. The analysis was mainly aimed at assessing whether the discount could alter competition in the retail market by discriminating retail operators’ access to the scheme.
Lear assisted a leading grocery retailer in a phase II merger inquiry before the Italian Competition Authority. The analysis of Lear’s economists aimed at evaluating the risk of unilateral effects following the merger, and included the assessment of relevant product and geographic market definition and the estimation of diversion ratios based on survey data.
Lear was retained by a leading operator in the aerospace industry to assist within a merger case involving one of its rivals. Lear developed analyses aimed at showing how the merger may create the incentives for the merged entity to implement exclusionary practices that would harm competition and the client.