Homo economicus and Homo sapiens: the CMA experience of behavioural economics

Behavioural economics has been popping up everywhere—from the UK Prime Minister’s ‘nudge unit’ to (extremely serious) academic courses at our most ancient universities. Regulators and competition authorities are also getting in on the act. But is behavioural economics actually of any real use? David Currie, Chairman of the UK’s Competition and Markets Authority (CMA), sets out his experience so far

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The Cloud, or a silver lining? Differentiated pricing in online markets

On 6 May 2015, the European Commission announced its Digital Single Market (DSM) strategy and associated e-commerce sector inquiry. One major issue concerns the pricing practices of online suppliers—in particular, charging different prices in different member states. Economics has much to say on the merits and risks of differential pricing online and, ahead of the Commission’s announcement, the Oxera Economics Council met to discuss this topic from a competition policy and regulatory standpoint

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Mergers in the NHS: a time for choosing?

Political rhetoric in the UK suggests that competition between healthcare providers benefits patients in a similar way to consumers in other sectors of the economy. However, the structure and organisation of the National Health Service (NHS) mean that there are significant differences between healthcare providers and suppliers in other sectors. This has important implications for how competition policy should be conducted in this sector

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