Publications

With more than forty senior law and economic experts, the Antitrust Enforcement Symposium in Oxford has become one of the leading platforms for most recent competition policy issues around the globe. The symposium is organized by Ariel Ezrachi and Bill E. Kovacic, and supported by E.CA Economics. This year it featured keynote speeches by Maureen Ohlhausen, FTC, Paul Johnson, Canadian Competition Bureau and Bob Marshall, Bates White. Hans W. Friederiszick, E.CA Economics, contributed to the panel discussion on digital markets.

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DG COMP organized a workshop in Brussels on 21st June 2017 with economic experts on the quantification of passing-on of overcharges in damages actions. Academic presentation were given by Roman Inderst, Özlem Bedre-Defolie, Markus Reisinger, André Romahn, Frank Verboven, Frode Steen and other.

Hans W. Friederiszick, E.CA Economics, discussed the practical feasibility specifically highlighting the discrepancy between economic and legal causality according to the recent Sainsbury’s vs. MasterCard decision (CAT, 2016).

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Simone Kohnz gave a presentation at CMS-Roadshow Kartellrecht 2017 in Stuttgart on the methods of cartel damage estimation. She discussed different approaches to estimate cartel overcharges and the impact of market conditions and data availability on the choice of the appropriate method. She also presented factors that influence the likelihood and extend of pass on of overcharges to consumers.

Dr. Hans W. Friederiszick gave a presentation at the E.CA Compettion Law & Economics Expert Forum held in Brussels on 31 May 2017.

The E.CA Expert Forum, held annually, offers insights into recent developments in competition law and economics with a special focus on market definition for merger and antitrust purposes. The EU Notice on Market Definition was published in 1997 and has been widely used ever since. This year marks its 20th anniversary and we will take this opportunity to review some of the “classic” methods and issues related to market definition and look ahead at new questions arising in the era of fast-moving digital markets and two-sided platforms;

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The Fehmarn Belt is a strait between Denmark and Germany, currently served by a ferry operator. We analyse competition between the ferry service and a planned tunnel, the Fehmarn Belt Fixed Link. We develop a differentiated duopoly model to address two questions: 1. Will the tunnel induce the ferry to exit the market once it operates? 2. Will the tunnel’s toll revenue suffice to cover its cost? Using real-world data and traffic forecasts, we show that it should not be taken for granted that the ferry will exit the market, and that if the ferry competes, the tunnel project will make a loss.

Vincent Verouden spoke at the EStAL Seminar 2017 that was held in Starnberg (Germany) on 20-22 April 2017.  This seminar discussed different facets of the concept of economic activity, taking into consideration the latest ruling of the courts and Commission decisions and the application of the Market Economy Operator Principle (MEOP).

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A new book came out on the topic of EU State Aid Control.

The book, edited by Vincent Verouden, E.CA Economics and Philipp Werner, Jones Day summarises the main State aid rules and cases and discusses their economic background and rationale.

It is written by a selection of distinguished experts, including lawyers, economists, academics and officials.

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“Bob Kolb has assembled this outstanding collection of research articles, which could have been called the Greatest Hits of Sovereign Debt. The future of all people on the planet depends heavily on understanding what really happens when governments borrow. Bringing the body of knowledge of this subject under this umbrella is a masterful and thankless achievement. – Don M. Chance, Louisiana State University, US”

“This expansive collection contains more than one hundred of the very best and most influential scholarly articles on the sovereign debt of central governments around the world. It features discussions of the debt of many emerging nations as well as the largest sovereign debtors in the world. Collectively, these articles provide a thorough understanding of sovereign debt as seen by the best economists from around the world. The extensive and in-depth introductory chapter also discusses each of the articles individually. This collection is an essential tool to libraries, academic institutions, economic scholars and students alike.”

The selection contains a paper by Lyndon Moore and Jakub Kaluzny : “Regime Change and Debt Default: The Case of Russia, Austro-Hungary, and the Ottoman Empire following World War One”.

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