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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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1 August 2020 - Research Papers , Competition Policy, Digitalmarkets, Mergers

Merger Policy in Digital Markets: An Ex Post Assessment

This paper presents a broad retrospective evaluation of mergers and merger decisions in markets dominated by multisided digital platforms. First, we document almost 300 acquisitions carried out by three major tech companies—Amazon, Facebook, and Google—between 2008 and 2018. We cluster target companies on their area of economic activity providing suggestive evidence on the strategies behind […] Read more


8 June 2020 - Articles , Antitrust, Competition Policy, Mergers

EX POST ECONOMIC EVALUATION OF COMPETITION POLICY: THE EU EXPERIENCE

The publication contributes to a better knowledge of the economic impact of this policy, which is essential for the good functioning of the internal market in the European Union. Competition authorities are increasingly interested in understanding the impact of their activities on markets and consumers. The goal is to improve competition policy rules and decision-making […] Read more


17 September 2019 - Articles , #fakenews, Damages

Marca, Internet e contrasto alla disinformazione

The publication, issued by Centromarca, the Italian Brand Industry Association, provides insights on how the image of a company and its brands can be damaged by unfounded news, fake news. The manual provides useful tips for the management of reputational issues, legal aspects and property damage.


3 June 2019 - Research Papers , Digitalmarkets, Mergers, Policy evaluation

Ex-post Assessment of Merger Control Decisions in Digital Markets

The Competition and Markets Authority appointed Lear to carry out a study aimed at looking at four past merger decisions in the digital sector taken by the Office of Fair Trading and the Competition Commission (jointly, the “Authorities”). The objective of the study was threefold: ▪ review merger cases undertaken by Competition Authorities and the […] Read more


31 July 2018 - Research Papers , Advocacy, Competition law, Competition Policy

Western Balkans and the Design of Effective Competition Law: The Role of Economic, Institutional and Cultural Characteristics

The paper analyzes the optimal design of competition law in Western Balkan countries. It first identifies the “policy choice set”, i.e. the essential variables that define a competition policy regime; then considers how the optimal choice within the available options depends on a number of characteristics and finally examines where the Western Balkan economies stand […] 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


15 November 2017 - Articles , Abuse of Dominance, Damages, Telecoms

Claims for damages due to abuse of dominance rely heavily on identifying the correct counterfactual case

This article, jointly written with Analysys Mason, highlights the importance of defining an appropriate counterfactual scenario when quantifying damages arising from an abuse of dominance position by an incumbent operator in the telecoms markets. Download the article