The past decade has been a time of great upheaval for transatlantic competition policy. This is evident in the United States (at the federal and state levels), the European Union, and the United Kingdom. With the reinvigoration of antitrust policy has come a reinvigoration of antitrust economics, which has been increasingly prominent in the reasoning of regulators and courts. This volume chronicles key flashpoints in this process, from an economics point of view. It provides 18 contributions from leading antitrust economists involved in recent groundbreaking merger, monopolization, and anticompetitive-agreement cases on both sides of the Atlantic. In all instances, the basic economic features of these important cases should be accessible to all readers who have an interest in antitrust.
Table of Content
Table of Contents
Dedications
Preface
Editors’ Bios
Authors’ Bios
Introduction
I. MERGERS
1. Vertical, Horizontal, and Potential Competition: The Proposed Acquisition of Farelogix by Sabre
By Chris Doyle, Kostis Hatzitaskos, Kate Maxwell Koegel & Aviv Nevo
2. Innovation Concerns in European Merger Control: Dow/Du Pont and Bayer/Monsanto
By Daniel Coublucq, David Kovo & Tommaso Valletti
3. Efficiencies, Remedies, and Competition: The Sprint/T-Mobile Merger
By John Asker & Michael L. Katz
4. Upward Pricing Pressure in Supermarket Mergers: The UK’s Asda/Sainsbury Case
By Howard Smith
5. Evaluating a Theory of Harm in a Vertical Merger: AT&T/Time Warner
By Dennis W. Carlton, Georgi V. Giozov, Mark A. Israel & Allan L. Shampine
6. Bidding Analysis and Innovation Concerns in Merger Control: General Electric/Alstom
By Daniel Coublucq & Giulio Federico
7. Mergers and Monopsony: The Anthem-Cigna Merger
By David Dranove, Dov Rothman & Samuel Weglein
8. Cross-Market Hospital Mergers: The Cedars-Sinai/Huntington Memorial Litigation
By Gregory S. Vistnes
II. MONOPOLY CONDUCT/ABUSE OF DOMINANCE
9. A Landmark Antitrust Case in Digital Markets: Google Search (Shopping)
By Andrea Amelio
10. Market Definition for Two-Sided Markets: Ohio v. American Express
By Michael L. Katz.
11. Excessive Pricing as an Antitrust Harm: Three UK Cases in Generic Pharmaceuticals
By Julie Bon & Mike Walker
12. Extension of Its Search Monopoly: The EC Case against Google Android
By Cristina Caffarra & Federico Etro
13. Targeted Below-Cost Pricing in the Semiconductor Industry: The Qualcomm Predation
Case
By Liliane Giardino-Karlinger
14. Advertising, Customer Data, and Competition: The German Facebook Case
By Rupprecht Podszun
15. Using and Misusing Microeconomics: Federal Trade Commission v. Qualcomm
By Carl Shapiro & Keith Waehrer
16. Platform Price Parity Clauses: The Hotel Booking Industry
By Thibaud Vergé
III. ANTICOMPETITIVE AGREEMENTS
17. No-Poaching Agreements as Antitrust Violations: Animation Workers Antitrust Litigation
By Orley Ashenfelter & Ruth Gilgenbach
18. Can Four Traders Fix the Price of Money? The Euro-US Dollar Antitrust Litigation
By Edward A. Snyder
About the author
John Kwoka is the Neal F. Finnegan Distinguished Professor of Economics at Northeastern University. He recently served as Chief Economic Advisor to the Chair of the Federal Trade Commission. He previously served at the Antitrust Division of the Justice Department, the Federal Communications Commission, and once before at the FTC. Kwoka’s recent research has focused on merger and remedies policy and has resulted in two books: Mergers, Merger Control, and Remedies and Controlling Mergers and Market Power.
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