CRESSE

2018 Conference Material

C R E S S E 2018
13th INTERNATIONAL CONFERENCE ON COMPETITION AND REGULATION
"Advances in the Analysis of Competition Policy and Regulation"
29th June – 1st July 2018

CONFERENCE MATERIAL

Chair: David Ulph (University of St Andrews)

Alessandro De Chiara (Central European University) and Elisabetta Iossa (University of Rome Tor Vergata)

Project competition and innovation policy: The case for public procurement

Presentation by Elisabetta Iossa (University of Rome Tor Vergata)

Discussion by David Ulph (University of St Andrews)

Alexnadre Belloni (Duke University), Giuseppe Lopomo (Duke University), Leslie Marx (Duke University), and Roberto Steri (HEC Lausamme, Quartier Unil Dorigny)

Budget-constrained procurement

Presentation by Leslie Marx (Duke University)

Discussion by Berardino Cesi (Università di Roma ‘Tor Vergata’)

Gian Luigi Albano (Consip S.p.A. (The National Central Purchasing Body, Italy)), Berardino Cesi (Università di Roma ‘Tor Vergata’), and Alberto Iozzi (Università di Roma ‘Tor Vergata’ and SOAS University of London)

Teaching an old dog a new trick: Reserve price and unverifiable quality in repeated procurement

Presentation by Berardino Cesi (Università di Roma ‘Tor Vergata’)

Discussion by Leslie Marx (Duke University)

Chair: Christos Genakos (University of Cambridge, Judge Business School)

Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ) and David Salant (Toulouse School of Economics, University of Toulouse Capitole)

Allocating essential inputs

Presentation by David Salant (Toulouse School of Economics, University of Toulouse Capitole)

Discussion by Armin Schmutzler (University of Zurich)

Andreas Hefti (University of Zurich and Zurich University of Applied Science), Shuo Liu (University of Zurich) and Armin Schmutzler (University of Zurich)

Confusion, polarization and competition

Presentation by Armin Schmutzler (University of Zurich)

Discussion by David Salant (Toulouse School of Economics, University of Toulouse Capitole)

Natalia Fabra (Universidad Carlos III and CEPR) and Juan Pablo Montero (PUC-Chile)

Product choice and price discrimination in markets with search frictions

Presentation by Juan Pablo Montero (PUC-Chile)

Discussion by Christian Oertel (University of Zurich)

Christos Genakos (Cambridge Judge Business School, Athens University of Economics and Business) and Mario Pagliero (University of Turin)

Competition and pass-through: Evidence from the Greek islands

Presentation by Christos Genakos (Cambridge Judge Business School, Athens University of Economics and Business)

Discussion by Juan Pablo Montero (PUC-Chile)

Chair: Tom Ross (Sauder School of Business, University of British Columbia)

José Ignacio Heresi (Toulouse School of Economics, University of Toulouse Capitole)

Multi-sided platforms and consumer obfuscation

Presentation by José Ignacio Heresi (Toulouse School of Economics, University of Toulouse Capitole)

Discussion by Xavier Lambin (Toulouse School of Economics, University of Toulouse Capitole)

Xavier Lambin (Toulouse School of Economics, University of Toulouse Capitole)

Digital platforms: Does promoting competitors promote competition?

Presentation by Xavier Lambin (Toulouse School of Economics, University of Toulouse Capitole)

Discussion by José Ignacio Heresi (Toulouse School of Economics, University of Toulouse Capitole)

Jon Adlard (Frontier Economics) and David Foster (Frontier Economics)

Post-merger incentives in retail-to-wholesale mergers

Presentation by Jon Adlard (Frontier Economics)

Discussion by Dongyu Guo (University of Duisburg-Essen)

Raffaele Fiocco (Universitat Rovira i Virgili) and Dongyu Guo (University of Duisburg-Essen)

Regulatory risk, vertical integration, and upstream investment

Presentation by Dongyu Guo (University of Duisburg-Essen)

Discussant: Jon Adlard (Frontier Economics)

Matthias Hunold (Heinrich-Heine-Universität Düsseldorf) and Johannes Muthers (University of Linz)

Capacity constraints, price discrimination, inefficient competition and subcontracting

Presentation by Johannes Muthers (University of Linz)

Discussion by Dominic Scott (OFGEM)

Chair: Farasat A.S. Bokhari (School of Economics & Centre for Competition Policy, University of East Anglia)

Keke Sun (Catholic University of Chile)

Bundling, consumer heterogeneity, and platform competition

Presentation by Keke Sun (Catholic University of Chile)

Discussion by Tiago Ribeiro (Indera – Estudos Econosmicos, Institute for Choice – University of South Australia)

Pedro Pereira (AdC, Avenida de Berna) and Tiago Ribeiro (Indera – Estudos Econosmicos, Institute for Choice – University of South Australia)

Two-sided ownership and concentration in payment cards

Presentation by Tiago Ribeiro (Indera – Estudos Econosmicos, Institute for Choice – University of South Australia)

Discussion by Keke Sun (Catholic University of Chile)

Annabelle Marxen (University of Lausanne) and João Montez (University of Lausanne)

Generic entry in the pharmaceutical market: Why less is better

Presentation by João Montez (University of Lausanne)

Discussion by Maria Letizia Giorgetti (Universita degli Studi di Milano and CEG Europe)

Sinan Corus (University of St Andrews)

Ex post analysis of competition policy actions, and estimating overcharge in a spatial setting with market power heterogeneity

Presentation by Sinan Corus (University of St Andrews)

Discussion by Jacob Seifert (University of Manchester)

Farasat A.S. Bokhari (School of Economics & Centre for Competition Policy, University of East Anglia), Franco Mariuzzo (School of Economics & Centre for Competition Policy, University of East Anglia) and Arnold Polanski (School of Economics, University of East Anglia)

Entry limiting agreements: First mover advantage, authorized generics and pay-for-delay deals

Presentation by Farasat A.S. Bokhari (School of Economics & Centre for Competition Policy, University of East Anglia),

Discussant: Sinan Corus (University of St Andrews)

Chair: Boris Begovic (University of Belgrade)

Svetlana Avdasheva (National Research University Higher School of Economics), Dina Korneeva (National Research University Higher School of Economics), and Tatiana Radchenko (Russian Academy of National Economy and Public Administration and Moscow Lomonosov University)

Price remedies as a part of strategic trade policy. What influence does it have on competition in global commodity markets?

Presentation by Dina Korneeva (National Research University Higher School of Economics)

Discussion by Camila Pires Alves (Universidade Federal do Rio de Janeiro (UFRJ))

France Ocepek (University of Ljubljana)

The enforcement effect of the 2004 EU antitrust reform: An empirical analysis of the commission prohibition decisions 1990-2014

Presentation by France Ocepek (University of Ljubljana)

Discussion by Svetlana Golovanova (National Research University Higher School of Economics)

Şahin Ardıyok (Bilkent University) and Emin Köksal (Bahçeşehir University)

Regulatory inconsistencies in the Turkish electricity industry: Is competition desired in the retail electricity market?

Presentation by Emin Köksal (Bahçeşehir University)

Discussion by France Ocepek (University of Ljubljana)

Simone Maciel Cuiabano (Brazilian Council of Economic Defense (CADE))

Competition policy evaluation through damage estimation in fuel retail cartel

Presentation by Simone Maciel Cuiabano (Brazilian Council of Economic Defense (CADE))

Discussion by Dina Korneeva (National Research University Higher School of Economics)

Natalia S. Pavlova (Lomonosov Moscow State University and Russian Presidential Academy of National Economy and Public Administration) and Andrey Y. Shastitko (Lomonosov Moscow State University and Russian Presidential Academy of National Economy and Public Administration)

Wide perspectives and ravines of competition policy

Presentation by Natalia S. Pavlova (Lomonosov Moscow State University and Russian Presidential Academy of National Economy and Public Administration)

Discussion by Boris Begovic (University of Belgrade)

Chair: Liberty Mcnube (Competition Commission of South Africa)

Xavier Lambin (Toulouse School of Economics, University of Toulouse Capitole) and Emil Palikot (Toulouse School of Economics, University of Toulouse Capitole)

Does reputation hinder entry? Study of statistical discrimination on a platform

Presentation by Emil Palikot (Toulouse School of Economics, University of Toulouse Capitole)

Discussion by Pierre Regibeau (Charles River Associates)

Svetlana Avdasheva (National Research University Higher School of Economics), Svetlana Golovanova (National Research University Higher School of Economics) and Yannis Katsoulacos (Athens University of Economics and Business)

Legal standards and economic analysis in antitrust enforcement with an empirical investigation for the case of Russia

Presentation by Svetlana Golovanova (National Research University Higher School of Economics)

Discussion by Eduardo Pontual Ribeiro (GDEC, Institute of Economics, Universidade Federal do Rio de Janeiro (UFRJ))

Lorenzo Ciari (European Bank for Reconstruction and Development)

Legal standards and economic analysis in antitrust enforcement with an empirical investigation for the case of Turkey

Presentation by Lorenzo Ciari (European Bank for Reconstruction and Development)

Discussion by Svetlana Avdasheva (Higher School of Economics, Moscow)

Sung Yoon Yang (Vrije Universiteit Brussel)

Rethinking models of market definition for multi-sided platform – comparative research on EU and Korea casres

Presentation by Sung Yoon Yang (Vrije Universiteit Brussel)

Discussion by Varges Levonyan (University of Zurich)

Tuba Toru Delibasi (Bahcesehir University), David Gillen (University of British Columbia) and Benny Mantin (University of Luxembourg)

Measuring competition intensity and product differentiation: Evidence from the airline industry

Presentation by Tuba Toru Delibasi (Bahcesehir University)

Discussion by Tom Ross (Sauder School of Business, University of British Columbia)

Chair: George Siotis (Universidad Carlos III de Madrid)

Carmen García Galindo (European University Institute)

Cartelization: Is it worth it?

Presentation by Carmen García Galindo (European University Institute)

Discussion by Joana Pinho (Universidade Católica Portuguesa)

Yassine Lefouili (Toulouse School of Economics, University of Toulouse Capitole) and Joana Pinho (Universidade Católica Portuguesa)

Collusion in two-sided markets

Presentation by Joana Pinho (Universidade Católica Portuguesa)

Discussion by Carmen García Galindo (European University Institute)

Sean Ennis (Director of the Centre for Competition Policy, University of East Anglia), Marc Ivaldi (Toulouse School of Economics, University of Toulouse Capitole) and Vicente Lagos (Telecom Paris Tech)

Price-parity-clauses on hotel room booking: Empirical evidence from industry data

Presentation by Vicente Lagos (Telecom Paris Tech)

Discussion by Morgane Cure (ENSAE Paris Tech)

Arthur Cazaubiel (ENSAE Paris Tech), Morgane Cure (ENSAE Paris Tech), Bjørn Olav Johansen (University of Bergen) and Thibaud Vergé (ENSAE Paris Tech, University of Bergen)

Substitution between online distribution channels: Evidence from the Oslo hotel market

Presentation by Morgane Cure (ENSAE Paris Tech)

Discussion by Vicente Lagos (Telecom Paris Tech)

Christos Cabolis (IMD and Yale International Center for Finance), Constantine Manasakis (University of Crete, Foundation for Research and Technology, Greece, Düsseldorf Institute for Competition Economics, University of Düsseldorf), Diego Moreno (Universidad Carlos III de Madrid) and Emmanuel Petrakis (University of Crete)

R&D investments fostering horizontal mergers

Presentation by Emmanuel Petrakis (University of Crete)

Discussion by David Foster (Frontier Economics)

INVITED LECTURE BY MARK SCHANKERMAN (London School of Economics)

The bright and dark sides of patents: Directions from patents reform based on recent casual evidence

Chair: Yassine Lefouili (Toulouse School of Economics, University of Toulouse Capitole)

SPECIAL POLICY SESSION: Recent competition issues in IP licensing: Mergers, abuse of dominance and standards

Chair: Mark Schankerman (London School of Economics)

Panelists:

Eliana Garces (The Brattle Group)

Kirti Gupta (Qualcomm)

Herbert Hovenkamp (University of Pennsylvania Law School)

Yassine Lefouili (Toulouse School of Economics, University of Toulouse Capitole)

Pierre Regibeau (Charles River Associates)

SPECIAL POLICY SESSION: Conglomerate mergers: Do we have a theory of harm?

Chair: Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ)

Panelists:

Eliana Garces (The Brattle Group)

Howard Shelanski (Georgetown Law)

Keith Waehrer (Bates White)

Hans Zenger (EU Commission – DG COMP)

SPECIAL POLICY SESSION: Cryptocurrencies and blockchains

Chair: Neil Gandal (Tel Aviv University)

Panelists:

Rainer Bohme (University of Innsbruck, Austria)

The price of anonymity: Empirical evidence from a market for Bitcoin anonymization

Neil Gandal (Tel Aviv University)

Price manipulation in the Bitcoin ecosystem

Marie Vasek (University of New Mexico)

Analyzing the Bitcoin scheme ecosystem

Chair: Greg Taylor (University of Oxford)

Sumit K. Majumdar (University of Texas at Dallas), Rabih Moussawi (Villanova University) and Ulku Yaylacicegi (University of North Carolina)

Communications sector mergers and wage outcomes: An assessment from a public interest standards perspective

Presentation by Sumit K. Majumdar (University of Texas at Dallas)

Discussion by Emmanuel Petrakis (University of Crete)

Alexandre de Cornière (Toulouse School of Economics, University of Toulouse Capitole) and Greg Taylor (University of Oxford)

Upstream bundling and leverage of market power

Presentation by Greg Taylor (University of Oxford)

Discussion by Howard Smith (Oxford University, Centre for Economic Policy Research)

Walter Beckert (University of London), Howard Smith (University of Oxford, Centre for Economic Policy Research), and Yuya Takahashi (Johns Hopkins University)

Competition with differentiated products and individual prices

Presentation by Howard Smith (University of Oxford)

Discussion by Greg Taylor (University of Oxford)

Wing Man Wynne Lam (Norwich Business School and Centre for Competition Policy, University of East Anglia) and Xingyi Liu (Universität Würzburg)

Does data portability facilitate entry?

Presentation by Wing Man Wynne Lam (Norwich Business School and Centre for Competition Policy, University of East Anglia)

Discussion by Miriam C. Buiten (University of Mannheim)

Miriam C. Buiten (University of Mannheim)

Regulating data giants: Between competition law and data protection law

Presentation by Miriam C. Buiten (University of Mannheim)

Discussion by Wing Man Wynne Lam (Norwich Business School and Centre for Competition Policy, University of East Anglia)

SPECIAL POLICY SESSION: What role for other goals for competition policy?

Chair: Frederic Jenny (ESSEC Business School)

INVITED LECTURE BY FREDERIC JENNY (ESSEC Business School)

Should competition authorities care about fairness and if so how?

Chair: Yannis Katsoulacos (Athens University of Economics and Business)

Panelists:

Tembinkosi Bonakele (Competition Commission of South Africa)

Jet Deng (Beijing Dentons Law Offices, LLP)

Natalia Pavlova (Lomonosov Moscow State University and Russian Presidential Academy of National Economy and Public Administration)

João Paulo de Resende / Cristiane Alkmin Junqueira Schmidt (Administrative Council for Economic Defense (CADE))

Sibani Swain (Competition Commission of India)

Commentator:

Kirti Gupta (Qualcomm)

Chair: Willem Boshoff (Centre for Competition Law and Economics)

Imke Reimers (Northeastern University) and Benjamin R. Shiller (Brandeis University)

Proprietary data, competition, and consumer effort: An application to telematics in auto insurance

Presentation by Benjamin R. Shiller (Brandeis University)

Discussion by Lukas Wiewiorra (Goethe University Frankfurt)

Daniel Schnurr (University of Passau) and Lukas Wiewiorra (Goethe University Frankfurt)

Bit-by-bit towards unlimited: An analysis of zero rating and sponsored data practices of internet service providers

Presentation by Lukas Wiewiorra (Goethe University Frankfurt)

Discussion by Benjamin R. Shiller (Brandeis University)

Patrícia Gonzalez Conte (Institute of Economics, Universidade Federal do Rio de Janeiro (UFRJ)) and Eduardo Pontual Ribeiro (GDEC, Institute of Economics, Universidade Federal do Rio de Janeiro (UFRJ))

Selecting between demand models for competition analysis using non-nested tests

Presentation by Eduardo Pontual Ribeiro (GDEC, Institute of Economics, Universidade Federal do Rio de Janeiro (UFRJ))

Discussion by Christos Genakos (Cambridge Judge Business School, Athens School of Economics and Business)

Claire Chambolle (INRA–UR1303 ALISS and CREST, École polytechnique) and Hugo Molina (INRA–UR1303 ALISS and CREST, École polytechnique)

Full-line forcing practices in vertically related markets

Presentation by Hugo Molina (INRA–UR1303 ALISS and CREST, École polytechnique)

Discussion by Matthias Hunold (Heinrich-Heine-Universität (HHU) Düsseldorf)

Matthias Hunold (Heinrich-Heine-Universität (HHU) Düsseldorf) and Frank Schlütter (Heinrich-Heine-Universität (HHU) Düsseldorf)

Vertical financial interest and control

Presentation by Matthias Hunold (Heinrich-Heine-Universität (HHU) Düsseldorf)

Discussion by Hugo Molina (INRA–UR1303 ALISS and CREST, École polytechnique)

Chair: João Correia-da-Silva (Universidade do Porto)

Germain Gaudin (EU Commission – DG COMP) and Romain Lestage (Central University of Finance and Economics)

Input price discrimination, demand forms, and welfare

Presentation by Germain Gaudin (EU Commission – DG COMP)

Discussion by John Thanassoulis (Warwick Business School)

Suting Hong (Shanghai Tech University) and Robert M. Hunt (Federal Reserve Bank of Philadelphia) and Konstantinos Serfes (Drexel University)

Dynamic pricing of credit cards and the effects of regulation

Presentation by Konstantinos Serfes (Drexel University)

Discussion by Walter Beckert (Birkbeck College, University of London)

Marc Bourreau (Telecom ParisTech), Bruno Jullien (Toulouse School of Economics, University of Toulouse Capitole) and Yassine Lefouili (Toulouse School of Economics, University of Toulouse Capitole)

Mergers and demand-enhancing innovation

Presentation by Bruno Jullien (Toulouse School of Economics, University of Toulouse Capitole)

Discussion by Michele Polo (Bocconi University, IEFE and IGIER)

Walter Beckert (Birkbeck College, University of London) and Paolo Siciliani (Bank of England)

Behaviour – based price discrimination in “switching markets”

Presentation by Walter Beckert (Birkbeck College, University of London)

Discussion by Konstantinos Serfes (Drexel University)

Marc Bourreau (Telecom ParisTech.) and Jean-Marc Zogheib (Orange and Telecom ParisTech.)

Public vs. Private Investments in Networks Industries

Presentation by Jean-Marc Zogheib (Orange and Telecom ParisTech.)

Discussion by Daniel Schnurr (University of Passau)

PLENARY SESSION

SPECIAL POLICY SESSION: Foreclosure in platform markets

Chair: Howard Shelanski (Georgetown Law)

SPECIAL KEYNOTE LECTURE

Panelists:

Cristina Caffarra (Charles River Associates)

Dennis Carlton (The University of Chicago Booth School of Business)

Hans Friederiszick (E.CA Economics)

Martin Peitz (University of Mannheim)

Commentators:

Jacques Crémer (Special Advisor to Commissioner Vestager)

David Evans (Chairman of Global Economics Inc.)

The AT&T-TW CASE

Panelists:

Leslie Marx (Duke University)

Keith Waehrer (Bates White)

Cristina Caffarra (Charles River Associates)

David Evans (Chairman of Global Economics Inc.)

PLENARY SESSION

COMPETITION POLICY KEYNOTE LECTURE

Chair: Joe Harrington (Business Economics and Public Policy Department, The Wharton School, University of Pennsylvania)

PLENARY SESSION

SPECIAL KEYNOTE LECTURE

Chair: Philip Marsden (UK Competition and Markets Authority)

SPECIAL POLICY SESSION AND LAW AND POLICY LECTURES

LAW AND POLICY LECTURES

Chair: Philip Marsden (UK Competition and Markets Authority)

Panelists:

Neil Campbell (McMillan LLP)
A competition law analysis of common shareholdings

Allan Fels (University of Melbourne)

What is the role of competition and choice in education?

Damien Geradin (EUCLID Law)

The transactionalization of EU competition law: A positive development?

Assimakis Komninos (White and Case LLP)

Damages actions in article 102 TFEU cases: The new frontier for private enforcement

Philip Marsden (UK Competition and Markets Authority)

What if antitrust was easy? 10 rules for competition authorities

SPECIAL POLICY SESSION: Enforcement issues: The choice of legal standards and penalties by Competition Authorities

Chair: Herbert Hovenkamp (University of Pennsylvania Law School)

Panelists:

Svetlana Avdasheva (Higher School of Economics, Moscow)

Eleanor Fox (New York University School of Law)

Yannis Katsoulacos (Athens University of Economics and Business)

Thibault Schrepell (Paris I Panthéon-Sorbonne)

David Ulph (University of St Andrews)

PLENARY SESSION

LAWYERS’ KEYNOTE LECTURE

Chair: Damien Geradin (Euclid Law)

Chair: Nikos Vettas (Foundation for Economic and Industrial Research and Athens University of Economics and Business)

Timo Klein (Amsterdam School of Economics, University of Amsterdam) and Maarten Pieter Schinkel (Amsterdam School of Economics and ACLE, University of Amsterdam)

Cartel stability by a margin

Presentation by Timo Klein (Amsterdam School of Economics, University of Amsterdam)

Discussion by Niklas S. Dürr (ZEW Centre for European Economic Research and MaCCI Mannheim Centre for Competition and Innovation)

Luís Cabral (Stern Business School, New York University, and CEPR), Niklas S. Dürr (ZEW Centre for European Economic Research and MaCCI Mannheim Centre for Competition and Innovation), Dominik Schober (ZEW Centre for European Economic Research and MaCCI Mannheim Centre for Competition and Innovation) and Oliver Woll (ZEW Centre for European Economic Research and MaCCI Mannheim Centre for Competition and Innovation)

Learning collusion: Theory and evidence from the Shell price matching guarantee

Presentation by Niklas S. Dürr (ZEW Centre for European Economic Research and MaCCI Mannheim Centre for Competition and Innovation)

Discussion by Timo Klein (Amsterdam School of Economics, University of Amsterdam)

Micael Castanheira (ECARES (Université Libre de Bruxelles -SBS-EM) and CEPR), Carmine Ornaghi (University of Southampton) and Georges Siotis (Universidad Carlos III de Madrid and CEPR)

Market definition in the pharmaceutical industry: A case of drugs hoping antitrust markets?

Presentation by Georges Siotis (Universidad Carlos III de Madrid and CEPR)

Discussion by Amalia Athanasiadou (Tillotts Pharma AG)

Jean-François Laborde (Minds & Hearts, expert at the Paris Court of Appeal)

Cartel damages claims in Europe: How courts have assessed overcharges

Presentation by Jean-François Laborde (Minds & Hearts, expert at the Paris Court of Appeal)

Discussion by Georges Siotis (Universidad Carlos III de Madrid and CEPR)

Chair: Yossi Spiegel (Tel Aviv University)

Sven Heim (ZEW Centre for European Economic Research and MaCCI Mannheim Centre for Competition and Innovation), Kai Hüschelrath (ZEW Centre for European Economic Research, MaCCI Mannheim Centre for Competition and Innovation and University of Mannheim), Ulrich Laitenberger (Telecom ParisTech, Departement Sciences economiques et sociales) and Yossi Spiegel (Tel Aviv University)

Minority share acquisitions and collusion: Evidence from the introduction of national leniency programs

Presentation by Yossi Shttps://nyw.uhl.mybluehost.me/cresse/wp-content/uploads/2020/02/2018_ps12_pa1_Minority-Share-Acquisitions.pdfpiegel (Tel Aviv University)

Discussion by Willem Boshoff (Centre for Competition Law and Economics)

Yannis Katsoulacos (Athens University of Economics and Business), Evgenia Motchenkova (Vrije Universiteit Amsterdam, TILEC and Tinbergen Institute) and David Ulph (University of St Andrews)

Cartel penalties and private damage actions: An integrated assessment

Presentation by Evgenia Motchenkova (Vrije Universiteit Amsterdam, TILEC and Tinbergen Institute)

Discussion by Yossi Spiegel (Tel Aviv University)

Florian Peiseler (Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf, Universitätsstr), Alexander Rasch (Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf, Universitätsstr and Mannheim Centre for European Economic Research (ZEW)) and Shiva Shekhar (Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf)

Big data, price discrimination, and collusion

Presentation by Florian Peiseler (Düsseldorf Institute for Competition Economics (DICE))

Discussion by Dominik Welter (University of Bayreuth)

Chair: Nils-Henrik M von der Fehr (University of Oslo)

Klaus Gugler (Vienna University of Economics and Business (WU)), Sven Heim (Mines ParisTech, and ZEW Center for European Economic Research Mannheim), Maarten Janssen (University of Vienna, National Research University Higher School of Economics Moscow and CEPR) and Mario Liebensteiner (Vienna University of Economics and Business (WU))

Market liberalization: Price dispersion, price discrimination and consumer search in German electricity markets

Presentation by Mario Liebensteiner (Vienna University of Economics and Business (WU))

Discussion by Nils-Henrik M von der Fehr (University of Oslo)

Francisco Maraiz (OFGEM) and Dominic Scott (OFGEM)

The impact of the early capacity market auction announcement on wholesale electricity prices and revenues

Presentation by Dominic Scott (OFGEM)

Discussion by Mario Liebensteiner (Vienna University of Economics and Business (WU))

Szabolcs Lorincz (European Commission DG COMP – Chief Economist Team), Geza Sapi (European Commission DG COMP- Chief Economist Team and Düsseldorf Institute for Competition Economics, Heinrich-Heine-Universität Düsseldorf) and Maximilian Schaefer (German Institute for Economic Research (DIW Berlin))

The effect of big data on recommendation quality. The example of internet search

Presentation by Szabolcs Lorincz (European Commission DG COMP – Chief Economist Team),

Discussion by Georg Clemens (Compass Lexecon)

Georg Clemens (Compass Lexecon) and Mutlu Özcan (Ruhr-Universität-Bochum)

Obfuscation and shrouding with network effects: Big data strategies and the limits of competition

Presentation by Georg Clemens (Compass Lexecon)

Discussion by Szabolcs Lorincz (European Commission DG COMP – Chief Economist Team)

PLENARY SESSION

J-J LAFFONT KEYNOTE LECTURE

Chair: Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ)

SPECIAL POLICY SESSION: Is there a problem with increased concentration?

Chair: John Davies (Compass Lexecon)

Panelists:

Dennis Carlton (The University of Chicago Booth School of Business)

William Kovacic (The George Washington University Law School)

Kai-Uwe Kühn (University of East Anglia)

Dan O’Brien (Compass Lexecon)

Tommaso Valletti (Chief Economist, DG COMP, EU Commission)

SPECIAL POLICY SESSION: Competition Law enforcement and exclusionary practices in the light of ECJ Intel judgment

Chair: Cristina Caffarra (Charles River Associates)

Panelists:

Damien Geradin (EUCLID Law)

Juan Pablo Montero (PUC-Chile)

Neil Dryden (Compass Lexecon)

James Venit (Dentons)

John Vickers (University of Oxford)

Chair: Daniel P. O’Brien (Compass Lexecon)

Néstor Duch-Brown (Institute for Prospective Technological Studies (IPTS), Joint Research Centre, European Commission), Lukasz Grzybowski (Telecom ParisTech), André Romahn (University of Düsseldorf) and Frank Verboven (KU Leuven and CEPR (London))

International price differences in online markets – Evidence from portable computers

Presentation by Frank Verboven (KU Leuven and CEPR (London))

Discussion by Daniel P. O’Brien (Compass Lexecon)

Federico Etro (Ca’ Foscari University)

Conglomerate mergers in innovative industries

Presentation by Federico Etro (Ca’ Foscari University)

Discussion by Simon Loertscher (University of Melbourne)

Simon Loertscher (University of Melbourne) and Leslie Marx (Duke University)

Merger Review for Markets with Buyer Power

Presentation by Simon Loertscher (University of Melbourne)

Discussion by Federico Etro (Ca.Foscari University, Venice)

Daniel P. O’Brien (Compass Lexecon) and Greg Shaffer (University of Rochester)

Tying, bundling, and double marginalization

Presentation by Daniel P. O’Brien (Compass Lexecon)

Discussion by Frank Verboven (KU Leuven and CEPR (London))

Chair: Michelle Polo (Bocconi University, IEFE and IGIER)

John Thanassoulis (Warwick Business School)

Does competition encourage (or deter) unethical firm behaviour?

Presentation by John Thanassoulis (Warwick Business School)

Discussion by Nikos Vettas (Foundation for Economic and Industrial Research and Athens University of Economics and Business)

Chiara Fumagalli (Bocconi University and CEPR) and Massimo Motta (Universitat Pompeu Fabra and CEPR)

Dynamic vertical foreclosure

Presentation by Chiara Fumagalli (Bocconi University and CEPR)

Discussion by Yaron Yehezkel (Tel Aviv University)

Yaron Yehezkel (Tel Aviv University)

The value of information in dynamic vertical relations

Presentation by Yaron Yehezkel (Tel Aviv University)

Discussion by Chiara Fumagalli (Bocconi University and CEPR)

Vincenzo Denicolò (University of Bologna and CEPR) and Michele Polo (Bocconi University, IEFE and IGIER)

Mergers and innovation sharing

Presentation by Michele Polo (Bocconi University, IEFE and IGIER)

Discussion by Yassine Lefouili (Toulouse School of Economics, University of Toulouse Capitole)

PLENARY SESSION

Chair: Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ)

Gary Biglaiser (University of North Carolina), Jacques Crémer (Toulouse School of Economics, University of Toulouse Capitole), and Andre Veiga (Imperial College)

Migration between platforms

Presentation by Jacques Crémer (Toulouse School of Economics, University of Toulouse Capitole)

Discussion by Martin Peitz (University of Mannheim)

Paul Belleflamme (Aix‐Marseille Université) and Martin Peitz (University of Mannheim)

Platform competition: Who benefits from multihoming?

Presentation by Martin Peitz (University of Mannheim)

Discussion by Jacques Crémer (Toulouse School of Economics, University of Toulouse Capitole)

Giacomo Calzolari (University of Bologna and CEPR) and Vincenzo Denicolò (University of Bologna)

Price-cost tests and loyalty discounts

Presentation by Vincenzo Denicolò (University of Bologna)

Discussion by Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ)

Elisabetta Iossa (University of Rome ‘Tor Vergata’), Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ) and Michael Waterson (University of Warwick)

Organizing competition for the market

Presentation by Patrick Rey (Toulouse School of Economics, University of Toulouse Capitole, IDEI and GREMAQ)

Discussion by Vincenzo Denicolò (University of Bologna)