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Our economists publish research papers, write notes and make presentations on projects we have worked on. Have a look to our publications below:

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15 March 2022 - Lear Competition Notes , Competition Economics, critical loss, Local competition, relevant geographic market

From the catchment area to the relevant market . A model of geographic market definition based on critical loss analysis

Competition authorities throughout the EEA employ a variety of methodologies to define local geographic markets in mergers involving grocery retailers. In doing so, however, several authorities neglect the competitive constraint posed by competing stores located outside a given shop’s catchment area. We suggest an accurate, consistent, and resource-efficient approach.

28 October 2021 - Articles , Antitrust, antitrustlaw, Competition Economics, Competition law

The virtue of an imperfect competition law

Imperfect competition is not necessarily a curse. It evokes an environment in which firms compete on multiple dimensions to satisfy heterogeneous consumer preferences. This can create a tension between conflicting social objectives. Inevitably, we must decide which of these objectives should guide competition law. In making this decision, we must accept that it is impossible […] Read more

7 April 2021 - Lear Competition Notes , Competition Economics, Mergers

The mode of competition: where to start and when you stop in merger analysis

“The best way to begin an economic analysis is to ask a relevant question. In a merger analysis the relevant question is: will the post-merger new entity have the ability and the incentive to exert a higher market power? But which analyses are best suited to answer these questions? This note argues that the best […] Read more

10 February 2021 - Research Papers , Cartels, Competition Economics, Damages, Leniency, private enforcement, public enforcement

Leniency and Damages: Where Is the Conflict?

Damage actions may reduce leniency programs’ attractiveness for cartel participants if their cooperation with the competition authority increases the chance that the cartel’s victims will sue them. This apparent conflict between public and private antitrust enforcement led to calls for a legal compromise. We show that the conflict is due to the legislation, and a […] Read more

4 May 2018 - Articles , Antitrust, Competition Economics, Mergers

Concorrenza, mercato e diritto dei consumatori

The volume aims at providing a comprehensive view on competition law and consumer protection, also in light of the most recent case law. The volume also looks at the interaction between law and economics when it comes to competition matters. Paolo and Salvatore have written two chapters, one on the role of economics in merger […] Read more

11 July 2017 - Research Papers , Competition Economics, Competition Policy, Policy Assessments, Telecoms

Economic impact of competition policy enforcement on the functioning of telecoms markets in the EU

The report empirically investigates the causal effects of three decisions adopted by the European Commission on the performance of telecoms markets, namely the T-Mobile/Orange merger in the UK mobile markets, a state aid decision in the German fixed broadband market and an abuse of dominant position by Telekomunikacja Polska in the Polish fixed market. The […] Read more

18 November 2016 - Presentations , Competition Economics, Mergers

The effect of retail mergers on variety: An ex-post evaluation

This presentation includes a qualitative and a quantitative analysis and examines the effect of the mergers on different dimensions of competition: price, product variety, provision of qualitative and ancillary services.