CRESSE

Past Conferences & Keynote Speakers

CRESSE Conferences deal with Competition and/or Sectoral Regulation issues with emphasis on the policy relevance of recent research. The objective is to give the opportunity for a limited number of high quality papers to be presented and discussed in detail. A second objective is to provide a forum for economists and legal experts to meet and exchange ideas.
An important aspect of the Conference is the organisation of Round Tables with participants from academia but also from policy practice, regulated enterprises, the EU Commission etc.

The 2023 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in June 30 – July 2, 2023 in RODOS PALACE HOTEL in Ixia, Rhodes in Greece.

2023 Keynote Speakers

Competition Policy Keynote Lecture by Prof. Leslie Marx (Duke University):  “Efficient Trade on Networks”

J-J Laffont Keynote Lecture by Prof. Jan De Loecker (KU Leuven): “The impact of market power: The OPEC Cartel” Presentation

Keynote Lawyers’ Lecture by Prof. Richard Whish (King’s College, University of London): “Article 102 TFEU: Could Effects Analysis Have Undesirable Effects?” Presentation

Special Keynote Lecture by Prof. Marco Iansiti  (Harvard Business School) Presentation

Invited Speakers Prof. Pinar Akman (Member, Competition Appeal Tribunal, UK, University of Leeds), Prof. Jacques Crémer (Toulouse School Of Economics), Olivier Guersent (Director- General of the Directorate General for Competition), Prof. Kenneth Hendricks (University of Wisconsin-Madison) Presentation and Prof. Herbert Hovenkamp (James G. Dinan, Penn Carey Law and the Wharton School, University of Pennsylvania)

The 2022 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 1 – July 3, 2022 in OUT OF THE BLUE Capsis Elite Resort in Heraklion, Crete in Greece.

2022 Keynote Speakers

Competition Policy Keynote Lecture by Prof. John Sutton (London School of Economics). Title: “The Big Five: From Economic Theory to Competition Policy”

J-J Laffont Keynote Lecture by Prof. Jean Tirole (Toulouse School of Economics). Title: “Ethics and Markets”

Keynote Lawyers’ Lecture by Prof. Herbert Hovenkamp (James G. Dinan, Penn Carey Law and the Wharton School, University of Pennsylvania). Title: “The Slogans and Goals of Antitrust Law” Presentation

Invited Speakers Prof. Pinar Akman (University of Leeds) and Prof. Kenneth Hendricks (University of Wisconsin-Madison)

Professors Akman, Hendricks and Sutton had to cancel their participation just before the 2022 CRESSE Conference. We hope that they will be contributing in 2023.

The 2021 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in September 3 – September 5, 2021 in OUT OF THE BLUE Capsis Elite Resort in Heraklion, Crete in Greece.

2021 Keynote Speakers

Competition Policy Keynote Lecture by Prof. Nancy Rose (MIT Economics) Title: “Invigorating Merger Enforcement:  Opportunities and Challenges” Presentation

J-J Laffont Lecture by Prof. Volker Nocke (University of Mannheim) Title: “Concentration Thresholds for Horizontal Mergers” Presentation

Keynote Lawyers’ Lecture by Prof. Ariel Ezrachi (University of Oxford) Title: “Online platform innovation” Presentation 

To continue contributing to the debates on important competition policy issues during the COVID-19 pandemic and given the postponement for 2021 of this year’s CRESSE Conference, the CRESSE Scientific Committee decided to organise three online CRESSE Special Policy Sessions, in collaboration with CPI, that were streamed live in late June and early July. Additional sessions may be organised later in the year.

For information about the topics and the contributors to each session see below:

(i) “Controlling pre-emptive mergers: in need of a new approach?” – For the recording of session 1, see here 

A significant number of acquisitions in pharma and digital markets concerns incumbent firms acquiring, smaller/nascent frequently unknown and resource-constrained firms, with products in development that could compete with their own products in the future and, sometimes, the subsequent termination of the development of the target firm’s product (killer acquisitions). An already sizable literature points to significant losses to welfare that might result from these pre-emptive acquisiitons by eliminating potential competitors or by effectively extinguishing the standalone R&D effort of the buyer to expand in a particular space because the target immediately provides the capability (reverse killer acquisitions). Also, in recent years, many competition authorities globally have been advocating for law reform to enhance their enforcement powers in relation to so called “killer acquisitions.” Acquisitions by Google and Facebook, and economies of scope created via control of data sets have often been the focus of attention. It has also been argued, on the other hand, that these transactions may have strong procompetitive underpinnings, combining R&D expertise and placing very risky assets into the hands of firms best positioned to undertake late-stage development and commercialization, ultimately making it more likely that new products successfully come to the market.

In this session, a distinguished panel of speakers, who have made important contributions to the debate and the relevant literature, representing different viewpoints, discussed the issues and reflected on whether there is an inadequacy in the existing merger control toolkit and how best to design competition law and/or other regulatory interventions and remedies to best deal with pre-emptive mergers, illustrating also the differences in the approaches adopted in the US and other countries.

Date: 26th of June 2020.

Moderator: Yossi Spiegel (Coller School of Management, Tel Aviv University)

Speakers: Luis Cabral (NYU Stern), Cristina Caffarra (Vice President, Charles River Associates), Fabien Curto Millet (Director of economics, Google), Aviv Nevo  (The Wharton School and Dept. of Economics, University of Pennsylvania, former Chief Economist at Antitrust Division of Dept. of Justice), Pierre Regibeau (Chief Economist, DG COMP), Andrew Thomas Sweeting (Director, FTC Bureau of Economics)

Commentators: Carmelo Cennamo (Copenhagen Business School)

(ii) “Vertical mergers: enforcement developments and guidelines” – For the recording of session 2, see here  

Vertical and complementary products mergers are among the most difficult and controversial areas of antitrust.  The difficulties arise from the need to weigh conflicting economic forces created by these transactions: some forces tend to reduce price and increase output and investment, while other forces can push in the opposite direction.  The net effects of the these transactions are theoretically ambiguous and depend on details of economic environment.  A further complication is that standard structural screens, such as concentration or other measures of market power, are less informative for vertical and complementary products mergers than they are for horizontal mergers.  This makes developing Guidelines for vertical and complementary products mergers challenging.

 In this session, a distinguished panel of economists who have made important contributions to the economics literature and competition policy in this area discussed the issues in the context of the recently proposed Vertical Merger Guidelines in the US and  the existing Guidance on the Assessment of Non-Horizontal Mergers in the EU.  Among the topics addressed are the appropriate scope for Guidelines in light of the economics literature and policy experience, similarities and differences between the approaches taken in the US and Europe, and the application of Guidelines in practice.

Date: 1st of July 2020.

Moderator: Dan O’Brien (Compass Lexecon)

Speakers: Leslie Marx (Duke University, The Fuqua School of Business), Dan O’ Brien (Compass Lexecon), Patrick Rey (Toulouse School of Economics), Carl Shapiro (Walter A. Haas School of Business & Department of Economics, University of California at Berkeley), Mike Vita (Federal Trade Commission), Hans Zenger (Member of the Chief Economist Team Economist, DG COMP)

Commentators: Hans Friederiszick (E.CA Director), Ana Sofia Rodrigues (Chief Economist, Autoridade da Concorrência (AdC) – Portuguese Competition Authority)

(iii) “Antitrust and Regulation in the Digital Economy” – For the recording of session 3, see here

There is a growing support for some form of regulation, alongside antitrust, in digital markets. The European Commission is consulting on a prospective market investigation tool and ex ante regulation. The CMA’s digital advertising study will inform the UK’s own thinking. But while there are economic similarities between the major platforms, there are also major differences, in business models, in the role played by data (and relevant privacy considerations), in the extent to which platforms are open or closed, and in their roles as rule-setters for their users. What would all this mean for regulation, and indeed what would regulation mean for antitrust? A panel of distinguished speakers brought together several different perspectives for a well-informed and timely discussion of this complex area.

Date: 7th of July 2020. 

Moderator: Amelia Fletcher (University of East Anglia)

Speakers:  David Evans (Chairman, Global Economics), Eliana Garces (Director of Economic Policy, Facebook), Bill Kovavic (Director, Competition Law Center, The George Washington University), Jorge Padilla (Senior Managing Director, Compass Lexecon), Pierre Regibeau (Chief Economist, DG COMP), Simeon Thornton (Director at Competition and Markets Authority)

Commentators: Cristina Caffarra (Vice President, Charles River Associates), Fabien Curto Millet (Director of economics, Google)

If you require any further assistance or information please contact the CRESSE Secretariat.

The 2019 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 5 – July 7, 2019 in AMATHUS BEACH HOTEL in Rhodes, Greece.

2019 Keynote Speakers

Competition Policy Keynote Lecture by Prof. Richard Gilbert (University of California Berkeley) Title: “Competition Policy for Innovation” Presentation

J-J Laffont Lecture by Prof. Robert Porter (Northwestern University, Co-Director, Center for the Study of Industrial Organization) Title: “Mergers and Coordinated Effects” Presentation

Keynote Lawyers’ Lecture by Prof. Kathryn Fenton (Jones Day) & Prof. Bill Kovacic (The George Washington University Law School) Title: “It’s Not Over Until It’s Over: Who Can (and Should) Enforce Competition Laws” Presentation

Special Keynote Lecture by Prof. Fiona Scott Morton (Yale School of Management) Title: “Competition in Digital Platforms: A strong economics approach” Presentation

The 2018 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in June 29 – July 1, 2018 in OUT OF THE BLUE Capsis Elite Resort in Heraklion, Crete in Greece.

2018 Keynote Speakers

CRESSE Conference Competition Policy Keynote Lecture by Prof. Dennis Carlton (The University of Chicago Booth School of Business), Title: “How Transaction Costs Should Influence Competition Policy and Our Economic Models” Presentation

J-J Laffont Lecture by Prof. John Vickers (University of Oxford), Title: “Competition with Captive Customers” Presentation

Special Keynote Lecture by Dr. David Evans (Chairman of Global Economics Inc.), Title: “The Antitrust Economics of Multisided Platforms: A Progress Report on the Economic Literature and Its Application to Cases” Presentation

Keynote Lawyers’ Lecture by Prof. Herbert Hovenkamp (University of Pennsylvania Law School), Title: “Is the Consumer Welfare Principle Imperiled?” Presentation

Special Keynote Lecturer by Prof. Eleanor Fox (New York University School of Law), Title: “Antitrust and Sovereignty: Dealing with Clash and Forging Community in the Absence of Global Law” Presentation

The 2017 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in June 30 – July 2, 2017 in OUT OF THE BLUE Capsis Elite Resort in Heraklion, Crete in Greece.

2017 Keynote Speakers

CRESSE Conference Competition Policy LectureProf. Carl Shapiro (University of California at Berkeley), Title: “Antitrust in a Time of Populism” Presentation
J J Laffont LectureProf. Louis Kaplow (Harvard Law School), Title: “Price-Fixing Policy” Presentation
Special Keynote Lawyers’ LectureProf. William Kovacic (The George Washington University Law School), Title: “Why Competition Law Regimes Succeed or Fail: A Formula One Theory of System Performance” Presentation

The 2016 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in June 30 – July 3, 2016 in AMATHUS BEACH HOTEL in Rhodes island in Greece.

2016 Keynote Speakers

CRESSE Conference Competition Policy LectureProf. Aviv Nevo (Northwestern University), Title: “The Economics of Internet Traffic Management” Presentation
J J Laffont LectureProf. William Rogerson (Northwestern University), Title: “Competitive Effects of the Proposed Comcast Time Warner Cable Merger” & Presentation
Special Keynote Lawyers’ LectureProf. Daniel Sokol (University of Florida Levin College of Law), Title: “Economic Analysis for Judges: How to Better Integrate Economic Thinking into Results” Presentation

The 2015 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 3 – July 5, 2015 in AQUILA RITHYMNA BEACH HOTEL Crete island, Greece.

2015 Keynote Speakers

CRESSE Conference Competition Policy LectureProf. Jean Tirole (Toulouse School of Economics), 2014 Nobel Prize winner, Title: “Marking to market versus taking to market” and Presentation.
J J Laffont LectureProf. Ariel Pakes (Harvard University), Title: “Methodological issues in analyzing market dynamics” and Presentation.
Special Keynote LectureProf. Hal Varian (University of California at Berkeley), Title: “Is there a data barrier to entry?”.

The 2014 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 4 – July 6, 2014 at the GRECOTEL CORFU IMPERIAL EXCLUSIVE RESORT, in Corfu island, Greece.

2014 Keynote Speakers

CRESSE Conference Competition Policy LectureProf. Michael Riordan (Columbia University) Title: “Cybersecurity, Industrial Organization, and Competition Policy”
J J Laffont LectureProf. Luis Cabral (Leonard N. Stern School of Business) Title: “Staggered Contracts, Market Power, and Welfare”

The 2013 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 5 – July 7, 2013 at the GRECOTEL CORFU IMPERIAL EXCLUSIVE RESORT, in Corfu island, Greece.

Microsoft sponsored session chaired by Jacques Crémer on: “Recent development in the economics of Information technologies”

2013 Keynote Speakers

CRESSE Conference Competition Policy Lecture by Prof. Michael Katz (Haas School of Business, University of California, Berkeley)

JJ Laffont Lecture by Prof. Xavier Vives (IESE Business School, University of Navarra)

The 2012 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 6 – July 8, 2012 at the KALLISTON GRECOTEL HOTEL, which is located in the seaside resort of Nea Kydonia in Chania (Crete, Greece).

2012 Keynote Speakers

CRESSE Conference Competition Policy Lecture by Prof. Joe Farrell (University of California, Berkeley)

JJ Laffont Lecture by Prof. Massimo Motta (Research Professor, Barcelona Graduate School of Economics)

The 2011 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 1- July 3, 2011, at the RODOS PALACE HOTEL, which is located in the seaside resort of Ixia in Rhodes (Greece).

2011 Keynote Speakers

CRESSE Conference Policy Lecture by Prof. Jacques Crémer (IDEI Researcher and University of Toulouse I)

JJ Laffont Lecture by Prof. Michael D. Whinston (Northwestern University, USA)

Conference Proceedings Volume with Edward Elgar

CRESSE published a volume with selected papers from the 2011 Conference with Edward Elgar. It was edited by Joe Harrington and Yannis Katsoulacos. Recent Advances In The Analysis Of Competition Policy And Regulation.

The 2010 Conference on “Advances in the Analysis of Competition Policy and Regulation” took place in July 2 – July 4, 2010 at the KALLISTON GRECOTEL HOTEL, which is located in the seaside resort of Nea Kydonia in Chania (Crete, Greece).

2010 Keynote Speakers

CRESSE Conference Policy Lecture by Prof. Jonathan Baker (American University, Washington College of Law)

JJ Laffont Lecture by Prof. Mark Armstrong (University College London)

The 2009 Conference on “Advances in the Analysis of Competition Policy” took place in July 3 – July 5, 2009 at the KALLISTON GRECOTEL HOTEL, which is located in the seaside resort of Nea Kydonia in Chania (Crete, Greece).

2009 Keynote Speakers

CRESSE Conference Policy Lecture by Prof. Joe Harrington (Johns Hopkins University)

JJ Laffont Lecture by Prof. Paul Klemperer (Oxford University)

The 2008 Conference on “Competition Policy: Procedures, Institutions, IPRs” took place in July 4 – July 5, 2008 in PLAZA RESORT HOTEL, located in the seaside resort of Anavyssos, south of Athens.

2008 Keynote Speakers

CRESSE Conference Policy Lecture by Prof. William Kovacic (Chairman Federal Trade Commission, FTC, USA)

JJ Laffont Lecture by Prof. Richard Schmalensee (MIT)

The Journal of Industrial Economics (JIE) published a Symposium consisting of papers selected for presentation at the Conference.

The 2007 Conference on “Competition and Regulation in Network Industries” took place in July 13 – July 14, 2007 in MARBELLA CORFU HOTEL.

2007 Keynote Speakers

CRESSE Conference Policy Lecture by Prof. Martin Cave (Warwick Business School, University of Warwick, UK)

JJ Laffont Lecture by Prof. Martin Hellwig (Max Planck Institute for Research on Collective Goods)

The 2006 Conference on “Abuse of Dominance” took place in July 14 – July 15, 2006 at “Anagnostiki Etairia Kerkyras” at the center of Corfu town.

2006 Keynote Speaker

Conference Lecture by Prof. Patrick Rey (University of Toulouse)

Round Table
A Round Table on the Commission’s proposed reforms of article 82 was organised during the Conference, on Saturday July 15, 2006. The Round Table was organised with the support of Intertic.