Profitability analysis and competition policy
Professor Paul Geroski, Chairman of the UK Competition Commission, explains why profitability analysis is of importance to competition policy. He discusses various applications of what is, in essence, backward-looking profitability analysis to mergers and market investigations, and then explores the scope for using forward-looking profitability analysis in merger investigations.
Related
Draft merger guidelines: can we ensure dynamic and innovative markets flourish in Europe?
The European Commission’s draft merger guidelines are one of the most important ongoing debates in European policy. Nearly two decades have passed since the guidelines were last reviewed, and the new draft draws upon years of practice and precedent — reassessing core concerns around market power and consumer harm in… Read More
Ofgem’s RIIO-ED3 SSMD: what next for GB electricity distribution networks
On 21 May 2026, Ofgem published its Sector Specific Methodology Decision (SSMD)1 for the forthcoming RIIO-ED3 (ED3) price control for GB electricity distribution network operators (DNOs). We explore some of the key themes in the Decision, ahead of the upcoming business planning period and the expected publication of… Read More