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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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9 September 2012 - Research Papers , Competition Economics, Cooperation and Vertical Agreements

Can ‘Fair’ Prices Be Unfair? A Review of Price Relationship Agreements

The report, prepared for the OFT by LEAR, examines the various forms these agreements can take, their potential benefits and anti-competitive effects, drawing on economic literature and relevant case law. The OFT will present the findings today at a joint workshop held by the US Federal Trade Commission and Department of Justice on the implications […] Read more


17 July 2012 - Research Papers , Policy Assessments

Competition policy and productivity growth: an empirical assessment

This paper empirically investigates the effectiveness of Competition Policy by estimatingits impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. Using country-industry and time fixed effects, and controlling for most other determinants of productivity growth, we find a robust positiveand significant effect of competition policy as […] Read more


6 November 2011 - Lear Competition Notes , Abuse of Dominance, Competition Economics, Regulation

Which test for bundled discounts

Bundled discounts are a form of price cutting which are presumptively beneficial to consumers. However, bundle offers from a dominant firm might exploit market power to foreclose competitors, thus harming consumers. The European Commission and the DoJ set out a framework to analyze the potential exclusionary effects of bundled discounts by dominant firms. Focusing on […] Read more


14 June 2011 - Research Papers , Policy Assessments, Regulation

Responsible Lending – Barriers to Competition

This study analyses the main barriers to effective competition in the provision of mortgage credit. The study considers and discusses barriers affecting both the supply (distance, information sharing, cross-selling practices, linkages between mortgage lenders and other market players) and the demand (switching and search costs) side of the market. Based on the available evidence it […] Read more


31 January 2011 - Research Papers , Policy Assessments

Measuring the deterrence properties of competition policy: the competition policy indexes

This article describes in detail a set of newly developed indicators of the quality of competition policy, the Competition Policy Indexes (CPIs). The CPIs measure the deterrence properties of a jurisdiction’s competition policy—where by competition policy, we mean the antitrust legislation including the merger control provisions and its enforcement. The CPIs incorporate data on how […] Read more


1 September 2010 - Research Papers , Abuse of Dominance, Cartels, Competition Economics, Cooperation and Vertical Agreements, Litigation, Regulation

The Enforcement of Imperfect Rules

This paper examines the optimal sanction for rules that are imperfect in that they are either overinclusive, as they prohibit an action that in some circumstances is beneficial, or underinclusive as they allow agents to undertake alternative conducts that are harmful, or both. The paper clarifies why this notion of imperfection divers from the notion […] Read more


1 October 2009 - Research Papers , Abuse of Dominance, Cartels, Competition Economics, Policy Assessments, Regulation

Deterrence in Competition Law

This paper provides a comprehensive discussion of the deterrence properties of a competition policy regime. On the basis of the economic theory of law enforcement we identify several factors that are likely to affect its degree of deterrence: 1) sanctions and damages; 2) financial and human resources; 3) powers during the investigation; 4) quality of […] Read more