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Moore’s Law or Murphy’s Law? Intel and the reform of the EU abuse of dominance rules

On 6 September 2017, the Court of Justice of the European Union (CJEU) published its widely anticipated judgment on the Intel case. It set aside an earlier General Court ruling that upheld the European Commission’s previous €1.06bn fine on Intel for abuse of dominance in the chip market. The judgment confirms the importance of analysing economic effects in cases involving exclusivity rebates to customers


Regulating oligopolies in telecoms: a solution in search of a problem?

Proposals by the European Commission to reform the regulatory framework for electronic communications services are under debate in the European Parliament. Meanwhile, national regulators are requesting new regulatory tools to tackle more concentrated ‘oligopolistic’ market structures emerging across Europe. Are their requests justified?


It’s a tough one: Ofwat’s PR19 methodology

In July 2017, Ofwat, the economic regulator of the water industry in England and Wales, published its eagerly awaited consultation on the methodology for the 2019 price review of the sector (PR19). The key message? Across virtually all areas, things will be tougher for companies than at the previous review


Cities in crisis? How the UK Bus Services Act can improve health and the economy

Across the UK, large towns and cities are suffering from deteriorating air quality and chronic levels of traffic congestion, which affect public health as well as the economy. Robert Montgomery, former Managing Director of UK Bus at Stagecoach Group plc, and Matthew Shepherd, Oxera, explore how public transport can provide a solution to these problems, and consider the role of bus partnerships


Goodbye tension, hello pension! Metrics to help consumers choose the best deals

In July 2017, Oxera and CESS published the results of an experiment to identify the effectiveness of different summary cost metrics (information about total costs) in aiding consumer selection of income drawdown pension products. The study, commissioned by the UK Financial Conduct Authority (FCA), shines some light on how consumers respond to cost metrics and how, in this case, simplicity is not necessarily the most effective approach


Brexit: the implications for UK ports

What are the implications for ports and logistics companies of different scenarios for the future EU–UK customs agreements? Oxera Partner, Andrew Meaney, highlights the urgent need for a policy framework within which industry and civil services can develop solutions that fit both EU- and UK-based importers and exporters of goods


Excessive pricing: excessively ignored in competition law?

Competition authorities have historically pursued very few cases against excessive pricing. This seems to be changing. In the past 12 months, the rules on abuse of dominance have been invoked to tackle high prices in a range of markets, including pharmaceuticals, musical works, and patents. Together with increased political calls for fairness to consumers, does this mean a revival of excessive pricing in competition law?


Hidden talent: the economic benefits of social mobility

Social mobility: social justice or economic imperative? Even modest increases in social mobility in the UK could yield significant improvements in productivity, according to pro-bono research conducted by Oxera on behalf of the Sutton Trust. Our findings on the impact of social mobility on productivity are set out here 


EU Directive on antitrust damages: paradise lost for cartels in Belgium?

The 2014 EU Directive on Private Enforcement aims to make it easier for parties affected by antitrust breaches to demonstrate the harm suffered. The Directive required member states to implement the new enforcement regime by the end of 2016 and on 12 June 2017 Belgium transposed it into Belgian law. Dr Christian Huveneers, Assessor at the Belgian Competition Authority and Oxera Associate, discusses the implications


The Labour Party manifesto proposals on renationalisation: a personal comment from Mike Toms

The UK Labour Party’s 2017 manifesto contains a proposal to renationalise some of the UK’s largest networks—electricity, gas, rail and post. Mike Toms, Non-Executive Director of Oxera, shares his reflections on this policy, which has risen in significance due to the recent growth in support for the Party

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