A team of experts from CRA’s European Competition Practice, together with Dr. Andrea Coscelli, Director of Competition Economics at Ofcom, teach a six-month course on “The Role of Economics in Competition Law & Practice.” The CRA team includes Ugur Akgün, Valter Sorana, and Hugh Wills. The course will cover an introduction to microeconomics and industrial organization theory; as well as the application of economics to competition policy, including the analysis of market power, market definition, cartels and other coordinated behavior, unilateral conduct including predatory and exclusionary practices, and horizontal and vertical mergers. The course does not require any previous knowledge of economics.
Merger simulation in second-score auctions: A nested logit model
In a recent Economics Letters article, CRA’s Martino De Stefano and Serge Moresi show how to improve the second-score auction model that is often used to...