CRESSE

2021 Conference Material

C R E S S E 2021
15th INTERNATIONAL CONFERENCE ON COMPETITION AND REGULATION
"Advances in the Analysis of Competition Policy and Regulation"
September 3 – September 5, 2021

CONFERENCE MATERIAL

Chair: Marc Ivaldi (Toulouse School of Economics and NERA Economic Consulting)

Anca Cojoc (NERA Economic Consulting), Marc Ivaldi (Toulouse School of Economics and NERA Economic Consulting), Frank P. Maier-Rigaud (IESEG (LEM-CNRS) and NERA Economic Consulting) and Oliver März (NERA Economic Consulting)

Horizontal cooperation on investment: Evidence from mobile network sharing

Presentation by Marc Ivaldi (Toulouse School of Economics and NERA Economic Consulting)

Discussion by Frank Verboven (University of Leuven)

Federico Etro (University of Florence)

Platform Competition with Free Entry of Sellers

Presentation by Federico Etro (University of Florence)

Discussion by Martin Peitz (University of Mannheim)

Paul Belleflamme (Université catholique de Louvain) and Martin Peitz (University of Mannheim)

Network Goods, Price Discrimination, and Two-sided Platforms

Presentation by Martin Peitz (University of Mannheim)

Discussion by Federico Etro (University of Florence)

Lukasz Grzybowski (Télécom Paris) and Ángela Muñoz (Télécom Paris and Deloitte)

Impact of Roaming Regulation on Revenues and Prices of Mobile Operators in the EU

Presentation by Ángela Muñoz (Télécom Paris and Deloitte)

Discussion by David Salant (Toulouse School of Economics)

Daniel Ershov (Toulouse School of Economics) and David Salant (Toulouse School of Economics)

Auctions and Mobile Market Competition: Evidence from European 4G Auctions

Presentation by David Salant (Toulouse School of Economics)

Discussion by Ángela Muñoz (Télécom Paris and Deloitte)

Chair: Michael Waterson (University of Warwick)

Severin Lenhard (Universität Bern)

Cartel in Times of Low Interest Rates

Presentation by Severin Lenhard (Universität Bern)

Discussion by Tove Forsbacka Karlsson (Stockholm School of Economics)

Alexandre Girard (UCLouvain), Jean-Yves Gnabo (University of Namur) and Rodrigo Londoño van Rutten (UCLouvain)

Lobbying Activity and the Outcome of Cartel Enforcement

Presentation by Rodrigo Londoño van Rutten (UCLouvain)

Discussion by Catarina Marvão (Stockholm School of Economics and Technological University Dublin)       

Catarina Marvão (Stockholm School of Economics and Technological University Dublin) and Giancarlo Spagnolo (Stockholm School of Economics, Tor Vergata, Eief and CEPR)

Leniency Inflation, Cartel Damages and Criminalization

Presentation by Catarina Marvão (Stockholm School of Economics and Technological University Dublin)

Discussion by Rodrigo Londoño van Rutten (UCLouvain)

Tove Forsbacka Karlsson (Stockholm School of Economics), Chloe Le Coq (University of Paris II Pantheon-Assas (CRED); Stockholm School of Economics (SITE)) and Catarina Marvão (Stockholm School of Economics (SITE); Technological University Dublin – City Campus)

Cartels’ birth and death dynamics: empirical evidence

Presentation by Tove Forsbacka Karlsson (Stockholm School of Economics)

Discussion by Michael Waterson (University of Warwick)

Chair: Keith Waehrer (Secretariat Economists)

Igor Letina (University of Bern and CEPR), Armin Schmutzler (University of Zurich and CEPR) and Regina Seibel (University of Zurich)

Killer Acquisitions and Beyond: Policy Effects on Innovation Strategies

Presentation by Igor Letina (University of Bern and CEPR)

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

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

Acquisitions, innovation and the entrenchment of monopoly

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

Discussion by Igor Letina (University of Bern and CEPR)

Alexandra J. Gibbon (Heinrich-Heine-Universität Düsseldorf) and Jan Philip Schain (Heinrich-Heine-Universität Düsseldorf)

Rising Markups, Common Ownership, and Technological Capacities

Presentation by Alexandra J. Gibbon (Heinrich-Heine-Universität Düsseldorf)

Discussion by Anton-Giulio Manganelli (EADA Business School and CRES-UPF)

Anna Bayona (Universitat Ramon Llull), Ángel L. López (Universitat Autònoma de Barcelona and IESE Business School) and Anton-Giulio Manganelli (EADA Business School and CRES-UPF)

Common Ownership, Corporate Control and Price Competition

Presentation by Anton-Giulio Manganelli (EADA Business School and CRES-UPF)

Discussion by Alexandra J. Gibbon (Heinrich-Heine-Universität Düsseldorf)

Anna Tzanaki (Lund University and UCL)

Varieties and Mechanisms of Common Ownership: A Calibration Exercise for Competition Policy

Presentation by Anna Tzanaki (Lund University and UCL)

Discussion by Keith Waehrer (Secretariat Economists)

Chair: Hans Zenger (European Commission, Chief Economist Team, DG Competition)

Jorge Padilla (Compass Lexecon) Salvatore Piccolo (University of Bergamo, Compass Lexecon and CSEF) and Shiva Shekhar (University of Passau)

Is Vertical Foreclosure a Concern in Markets Featuring Network Effects?

Presentation by Shiva Shekhar (University of Passau)

Discussion by Phil-Adrian Klotz (Justus Liebig University Giessen)

Friso Bostoen (KU Leuven)

Self-preferencing by online platforms. The unfruitful search for a “theory of everything”

Presentation by Friso Bostoen (KU Leuven)

Discussion by Vesna Lukovic (former Senior Analyst, Bank of Slovenia)

Michele Bisceglia (Toulouse School of Economics and University of Bergamo), Jorge Padilla (Compass Lexecon) and Salvatore Piccolo (University of Bergamo, Compass Lexecon and CSEF)

When Prohibiting Content-Parity Agreements Harms Consumers

Presentation by Michele Bisceglia (Toulouse School of Economics and University of Bergamo)

Discussion by Pierre Regibeau (Chief Economist, DGCOMP)

Vesna Lukovic (former Senior Analyst, Bank of Slovenia)

Information Asymmetries and Prices at Digital Platforms: Case of Airbnb in the European Union

Presentation by Vesna Lukovic (former Senior Analyst, Bank of Slovenia)

Discussion by Friso Bostoen (KU Leuven)

Markus Reisinger (Frankfurt School of Finance & Management) and Hans Zenger (European Commission, Chief Economist Team, DG Competition)

The Competitive Effects of Mergers with Cournot Competition

Presentation by Hans Zenger (European Commission, Chief Economist Team, DG Competition)

Discussion by Thomas Ross (UBC Sauder School of Business)

Chair: Thibaud Vergé (CREST, ENSAE, Institut Polytechnique de Paris)

Serge Moresi (Charles River Associates), David Reitman (Charles River Associates), Steven C. Salop (Georgetown University Law Center and Charles River Associates) and Yianis Sarafidis (Charles River Associates)

Vertical Mergers in a Model of Upstream Monopoly and Incomplete Information

Presentation by Serge Moresi (Charles River Associates)

Discussion by Thibaud Vergé (CREST, ENSAE, Institut Polytechnique de Paris)

Philippe Choné (Institut Polytechnique de Paris), Laurent Linnemer (Institut Polytechnique de Paris) and Thibaud Vergé (CREST, ENSAE, Institut Polytechnique de Paris)

Double marginalization and vertical integration

Presentation by Thibaud Vergé (CREST, ENSAE, Institut Polytechnique de Paris)

Discussion by Serge Moresi (Charles River Associates)

Claire Chambolle (Université Paris-Saclay and Institut Polytechnique de Paris) and Hugo Molina (Université Paris-Saclay)

A Buyer Power Theory of Exclusive Dealing and Exclusionary Bundling

Presentation by Claire Chambolle (Université Paris-Saclay and Institut Polytechnique de Paris)

Discussion by Patrick Rey (Toulouse School of Economics)

Marie-Laure Allain (CREST and Institut Polytechnique de Paris) and Clèmence Christin (Université de Caen Normandie)

The welfare effects of category captaincy

Presentation by Marie-Laure Allain (CREST and Institut Polytechnique de Paris)

Discussion by Enrique Ide (IESE Business School)

Maximilian Maurice Gail (Justus Liebig University Giessen) and Phil-Adrian Klotz (Justus Liebig University Giessen)

The Impact of the Agency Model on E-book Prices: Evidence from the UK

Presentation by Phil-Adrian Klotz (Justus Liebig University Giessen)

Discussion by Franco Mariuzzo (University of East Anglia)

Chair: Winand Emons (Universität Bern, CEPR, and Swiss Competition Commission)

Simon Anderson (University of Virginia and CEPR) and Özlem Bedre-Defolie (European School of Management and Technology (ESMT) and CEPR)

Hybrid Platform Model

Presentation by Özlem Bedre-Defolie (European School of Management and Technology (ESMT) and CEPR)

Discussion by Nikhil Vellodi (Paris School of Economics)

Erik Madsen (New York University) and Nikhil Vellodi (Paris School of Economics)

Insider Imitation

Presentation by Nikhil Vellodi (Paris School of Economics)

Discussion by Özlem Bedre-Defolie (European School of Management and Technology (ESMT) and CEPR)

Rossi Abi-Rafeh (Toulouse School of Economics)

Pass-through of advertising costs to product market prices

Presentation by Rossi Abi-Rafeh (Toulouse School of Economics)

Discussion by Maximilian Maurice Gail (Justus Liebig University Giessen)

Lawrence J. White (New York University)

Antitrust Policy for the 2020s: Some Sensible Ways Forward

Presentation by Lawrence J. White (New York University)  

Discussion by Winand Emons (Universität Bern, CEPR, and Swiss Competition Commission)

Winand Emons (Universität Bern, CEPR, and Swiss Competition Commission) and Severin Lenhard (Universität Bern)

Rebating Antitrust Fines to Encourage Private Damages Negotiations

Presentation by Winand Emons (Universität Bern, CEPR, and Swiss Competition Commission)

Discussion by Lawrence J. White (New York University)

Chair: Benoit Durand (RBB Economics)

Bastian Haberer (University of Passau), Jan Krämer (University of Passau) and Daniel Schnurr (University of Passau)

Standing on the Shoulders of Web Giants: The Economic Effects of Personal Data Brokers

Presentation by Jan Krämer (University of Passau)

Discussion by Michelangelo Rossi (Télécom Paris)

Daniele Condorelli (University of Warwick) and Jorge Padilla (Compass Lexecon) Data-driven

Envelopment with Privacy-Policy Tying

Presentation by Daniele Condorelli (University of Warwick)

Discussion by Jan Krämer (University of Passau)

Marc Bourreau (Telecom Paris), Jan Krämer (University of Passau) and Janina Hofmann (University of Passau)

Prominence-for-data schemes in digital platform ecosystems: Implications for platform bias and consumer data collection

Presentation by Janina Hofmann (University of Passau)

Discussion by Daniele Condorelli (University of Warwick)

Thanh Doan (University of East Anglia), Fabio M Manenti (University of East Anglia) and Franco Mariuzzo (University of East Anglia)

Platform competition in the tablet PC market: The effect of application quality

Presentation by Franco Mariuzzo (University of East Anglia)

Discussion by Benoit Durand (RBB Economics)

Chair: Lawrence J. White (New York University)

 Alessandro Kadner-Graziano (University of Bayreuth)

Mergers of Suppliers of Complements: On the Absence of Cournot Effects

Presentation by Alessandro Kadner-Graziano (University of Bayreuth)

Discussion by Hans Zenger (European Commission, Chief Economist Team, DG Competition)

Enrique Ide (IESE Business School) and Juan-Pablo Montero (Ponticia Universidad Católica de Chile)

A Theory of Must-Have

Presentation by Enrique Ide (IESE Business School)

Discussion by Claire Chambolle (Université Paris-Saclay and Institut Polytechnique de Paris)

Georges Siotis (Universidad Carlos III de Madrid and CEPR) Carmine Ornaghi (University of Southampton) and Micael Castanheira (ECARES and i3h (Université Libre de Bruxelles – SBS-EM) and CEPR)

Market Definition and Competition Policy Enforcement in the Pharmaceutical Industry

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

Discussion by Katharine Rockett (University of Essex)

Jean-Marie Cardebat (Bordeaux University), Olivier Gergaud (KEDGE, Bordeaux Business School) and Katharine Rockett (University of Essex)

Price Dispersion in Wines

Presentation by Katharine Rockett (University of Essex)

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

Chair: Laurens Vandercruysse (Vrije Universiteit Brussel)

Laurens Vandercruysse (Vrije Universiteit Brussel), Caroline Buts (Vrije Universiteit Brussel) and Michaël Dooms (Vrije Universiteit Brussel)

Public procurement of smart city services: The anticompetitive effect of the GDPR

Presentation by Laurens Vandercruysse (Vrije Universiteit Brussel)

Discussion by Philip Hanspach (European University Institute)

Philip Hanspach (European University Institute)

Cross-border procurement of medical supplies under Covid-19

Presentation by Philip Hanspach (European University Institute)

Discussion by Laurens Vandercruysse (Vrije Universiteit Brussel)

Antoine Dubus (ETH Zürich) and Patrick Legros (Université Libre de Bruxelles)

Data Driven Mergers and Information Synergies

Presentation by Antoine Dubus (ETH Zürich)

Discussion by Shiva Shekhar (University of Passau)

Chair: Franco Mariuzzo (University of East Anglia)

Svetlana Golovanova (National Research University Higher School of Economics) and Eduardo Pontual Ribeiro (Federal University of Rio de Janeiro)

Multi-Sided Platform Analysis and Competition Law Enforcement Practice in BRICS Countries

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

Discussion by Behrang Kianzad (University of Copenhagen)

Behrang Kianzad (University of Copenhagen)

The Giant Awakens – Law and Economics of Excessive Pricing during the COVID-19 Crisis

Presentation by Behrang Kianzad (University of Copenhagen)

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

Amalia Athanasiadou (Catalent Pharma Solutions)

Rethinking Pharmaceutical Product Reformulations

Presentation by Amalia Athanasiadou (Catalent Pharma Solutions)

Discussion by Lena Hornkohl (Max Planck Institute Luxembourg)

Lena Hornkohl (Max Planck Institute Luxembourg)

Abusive discrimination – a holistic approach

Presentation by Lena Hornkohl (Max Planck Institute Luxembourg)

Discussion by Amalia Athanasiadou (Catalent Pharma Solutions)

Chair: Germain Gaudin (University of Freiburg)

Yann Delaprez (European University Institute) and Morgane Guignard (Institut Polytechnique de Paris)

Upstream Mergers with Divestitures in Vertical Markets

Presentation by Yann Delaprez (European University Institute)

Discussion by Ginger Zhe Jin (University of Maryland & NBER)

Ginger Zhe Jin (University of Maryland & NBER), Mario Leccese (University of Maryland) and Liad Wagman (Illinois Institute of Technology)

How Do Top Acquirers Compare in Technology Mergers? New Evidence from an S&P Taxonomy

Presentation by Ginger Zhe Jin (University of Maryland & NBER)

Discussion by Yann Delaprez (European University Institute)

Germain Gaudin (University of Freiburg)

Quality and Imperfect Competition

Presentation by Germain Gaudin (University of Freiburg)

Discussion by Maarten Pieter Schinkel (University of Amsterdam and Tinbergen Institute)

Marco Haan (University of Groningen) and Maarten Pieter Schinkel (University of Amsterdam and Tinbergen Institute)

Collaborative Elimination of Low-end Products

Presentation by Maarten Pieter Schinkel (University of Amsterdam and Tinbergen Institute)

Discussion by Germain Gaudin (University of Freiburg)

Chair: Pierre Regibeau (Chief Economist, DGCOMP)

Christian Bontemps (ENAC and University of Toulouse Capitole), Cristina Gualdani (University of Toulouse Capitole) and Kevin Remmy (University of Toulouse Capitole)

Price Competition and Endogenous Product Choice in Networks: Evidence from the US Airline Industry

Presentation by Kevin Remmy (University of Toulouse Capitole)

Discussion by Hendrik Döpper (DICE)

Hendrik Döpper (DICE), Alexander MacKay (Harvard University), Nathan H. Miller (Georgetown University) and Joel Stiebale (DICE)

Markups in Consumer Products, 2006-2019

Presentation by Hendrik Döpper (DICE)

Discussion by Kevin Remmy (University of Toulouse Capitole)

Panagiotis Avramidis (The American College of Greece), George Pennacchi (University of Illinois), Konstantinos Serfes (Drexel University) and Kejia Wu (Federal Reserve Bank of Philadelphia and Drexel University)

The Role of Regulation and Bank Competition in Small Business Financing: Evidence from the Community Reinvestment Act

Presentation by Konstantinos Serfes (Drexel University)

Discussion by Omar Vasquez Duque (Stanford University)

Omar Vasquez Duque (Stanford University)

Active Choice vs. Inertia? An Exploratory Analysis of Choice Screens Applied in the European Microsoft Antitrust Case

Presentation by Omar Vasquez Duque (Stanford University)

Discussion by Konstantinos Serfes (Drexel University)

Chair: Richard Green (Imperial College London)

Tomaso Duso (DIW Berlin, Technische Universität Berlin, CEPR, CESifo, and BCCP), Joanna Piechucka (DIW Berlin and BCCP) and Jo Seldeslachts (DIW Berlin, KU Leuven, and BCCP)

Effectiveness of place-based subsidies: Evidence from a major EU State aid reform

Presentation by Joanna Piechucka (DIW Berlin and BCCP)

Discussion by Simon Martin (Heinrich-Heine-Universität Düsseldorf)

Simon Martin (Heinrich-Heine-Universität Düsseldorf)

Market Transparency and Consumer Search – Evidence from the German Retail Gasoline Market

Presentation by Simon Martin (Heinrich-Heine-Universität Düsseldorf)

Discussion by Joanna Piechucka (DIW Berlin and BCCP)

Michelangelo Rossi (Télécom Paris)

Competition and Reputation in a Congested Marketplace: Theory and Evidence from Airbnb

Presentation by Michelangelo Rossi (Télécom Paris)

Discussion by Marco Magnani (University of Padova and Italian Regulatory Authority for Energy, Network and the Environment (ARERA))

Marco Magnani (University of Padova and Italian Regulatory Authority for Energy, Network and the Environment (ARERA)), Fabio M. Manenti (University of Padova) and Paola Valbonesi (University of Padova and Higher School of Economics, National Research University, (HSE-NRU))

Measuring Switching Costs in the Italian Residential Electricity Market

Presentation by Marco Magnani (University of Padova and Italian Regulatory Authority for Energy, Network and the Environment (ARERA))

Discussion by Richard Green (Imperial College London)