Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

A Member of the Law Professor Blogs Network

Monday, March 8, 2010

Gasoline Price Cycle Drivers: An Australian Case Study

Posted by D. Daniel Sokol

Harry Bloch Curtin University of Technology - School of Economics and Finance and Nick Wills-Johnson Acil Tasman explore Gasoline Price Cycle Drivers: An Australian Case Study.

ABSTRACT: In many retail gasoline markets, prices follow a saw-toothed cycle first posited by Edgeworth (1925) and formalised by Maskin & Tirole (1988). A growing literature explores driving factors behind such cycles, most particularly in Canada and the US. This paper explores price cycles in a retail gasoline market in Australia with a unique regulatory environment that provides a census of data. We make use of a threshold regression model, and pay particular attention to local market effects and market structure. Both are novel in the study of retail petroleum prices.

March 8, 2010 | Permalink | Comments (0) | TrackBack (0)

Empirical Industrial Organization: A Progress Report

Posted by D. Daniel Sokol

Liran Einav and Jonathan Levin (both Stanford - Econ) provide Empirical Industrial Organization: A Progress Report.

ABSTRACT: The field of Industrial Organization has made dramatic advances over the last few decades in developing empirical methods for analyzing imperfect competition and the organization of markets. We describe the motivation for these developments and some of the successes. We also discuss the relative emphasis that applied work in the field has placed on economic theory relative to statistical research design, and the possibility that a focus on methodological innovation has crowded out applications. We offer some suggestions about how the field may progress in coming years.

March 8, 2010 | Permalink | Comments (0) | TrackBack (0)

International Antitrust Litigation – Conflict of Laws and Coordination

Posted by D. Daniel Sokol

With the decentralization of competition law enforcement and the development of private damages actions in the European Union as well as with the increasingly international character of antitrust proceedings, there is a growing need for clear and workable rules to coordinate cross-border actions of both a judicial and administrative nature. These include not only rules on jurisdiction, the applicable law and recognition of judgments, but also on sharing of evidence, protection of business secrets and interplay between administrative and judicial procedures. Those issues, which have been overlooked for so long, have been reflected upon by a group of international experts from across Europe and the United States who will identify current pitfalls and formulate concrete proposals for improving coordination of cross-border antitrust litigations.

The conference will take place at the Hilton, Boulevard de Waterloo, 38, 1000 Brussels, on 26 March 2010.

See the full program.

Please note that there is a possibility for 15 judges (or Members of competition Authorities) and 15 PhD students to receive a scholarship for the conference. This consists of a per diem of 250 euros and free registration to the conference. This should allow the beneficiaries to cover their expenses for a stay in Brussels. If you know of people who would be interested, they can send their CV as well as a thesis description by March 10th to Prof. Francq and a copy to Annie Fourny.

 Register now!

March 8, 2010 | Permalink | Comments (0) | TrackBack (0)

Legitimacy in EU Cartel Control

Posted by D. Daniel Sokol

Ingeborg Simonsson (University of Stockholm Law) describes Legitimacy in EU Cartel Control.

BOOK ABSTRACT: This book examines the law developed by the EU to control cartels. The law, including case-law, is carefully documented and analysed against a standard of legitimacy which questions the EU's enforcement measures, its institutional structures, policy choices, substantive law, evidentiary standards and procedures and sanctions. It includes a unique catalogue of over 150 EU cartel decisions, as well as novel analyses of difficult borderline issues such as mixed horizontal and vertical cartels, single-brand dealer cartels and buyer cartels. The effect on trade in cartel cases is analysed with reference to established law and deterrence theory. Throughout the book the author asks whether EU law also applies at the national level, or whether certain assessments need to be made according to national law. This approach makes the book particularly helpful for national authorities, courts and private practitioners. The book includes in-depth comparisons with US law as well as a comprehensive survey of the secondary (academic) literature on cartels. As such it presents not only a comprehensive practical view, but also a sound theoretical framework for better understanding cartel law. This is a work which will be of utmost importance to those working in competition authorities and competition courts in the EU Member States, as well as those working for EU institutions and in private practice and academia.

March 8, 2010 | Permalink | Comments (0) | TrackBack (0)

Sunday, March 7, 2010

Networking

Posted by D. Daniel Sokol

You might wonder who other readers of the blog are.  They are government officials, practitioners of economics and law, and professors among others.  Network with each other via our Linkedin page, Readers of the Antitrust and Competition Policy Blog.  If you get your next job (or client referral) this way, I am not averse to receiving a finder's fee check in the mail.  If you meet your future spouse this way, I want a wedding invitation.

March 7, 2010 | Permalink | Comments (0) | TrackBack (0)