Read what we write
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 2013 - Research Papers
They Played the Merger Game: A Retrospective Analysis in the UK Videogames Market
We study the effect of a merger in a dynamic high-technology industry — the videogame market — which is characterized by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we perform a difference-in-differences analysis comparing the price evolution of the merging parties to […] Read more
1 July 2013 - Research Papers
, Competition Economics, Mergers
The Effect of EU Antitrust Investigations and Fines on a Firm’s Valuation
EU antitrust investigations involve a sequence of events which affect the investigated firm’s market value. We model these relationships and estimate their impact on firms’ share prices. On average, a surprise inspection reduces a firm’s share price by 2.89%, an infringement decision reduces it by 3.57%. The Court judgments do not have a statistically significant […] Read more
1 June 2013 - Research Papers
, Competition Economics, Mergers
Ex-Post Merger Evaluation in the UK Retail Market for Books
This paper empirically evaluates the price effects of the merger of two major book retail chains in the UK: Waterstone’s and Ottakar’s. We employ differences-in-differences techniques and use a rich dataset containing monthly scanner data information on a sample of 200 books sold in 60 stores in 50 different local markets for a period of […] Read more
23 May 2013 - Lear Competition Notes
, Abuse of Dominance, Competition Economics, Cooperation and Vertical Agreements
Vertical Restraints in Electronic Commerce: an economic perspective
Vertical Restraints (VRs) are commonly defined as agreements between two parties at different levels of the supply chain. These agreements might be driven by efficiency reasons but could also lead to anti-competitive effects. In the past decade, the development of electronic commerce has raised new issues concerning the dynamics underpinning competition in the digital environment […] Read more
22 April 2013 - Presentations
The impact of Competition Policy on Productivity Growth
This presentation, delivered by Paolo Buccirossi in Warsaw, evaluates the impact of competition policy on total factor productivity growth.
19 April 2013 - Presentations
Analisi economica nel vaglio di ammissibilità di un’azione di classe
Questa presentazione valuta come il contributo dell’analisi economica può fornire indicazioni su omogeneità della classe e assenza di conflitti di interesse.
27 February 2013 - Presentations
Vertical Restraints in e-commerce
Should we change the economic framework and the legal approach to vertical restraints? An assessment by Paolo Buccirossi.
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