The reform of Article 82 is high on the EU competition policy agenda. Many commentators are of the view that abuse of dominance cases should move away from the current form-based approach to an effects-based approach. This article explores one of the fundamental shortcomings of the current approach—the use of dominance determinations as a shortcut to infer anticompetitive effects.
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Dr Helen Jenkins
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8 minute read
The use of discrete choice experiments in applied economic analysis
Observed behaviour is usually understood to be the best indicator of future choices. This ‘revealed preference’ data is therefore favoured by practitioners as the basis for economic models. However, many economic questions involve looking at markets that do not (yet) exist, or ‘but for’ hypothetical situations that did not… Read More
7 minute read
Interminable: who can read T&Cs?
Many products form a contract between a firm and a customer, the details of which are specified in the terms and conditions (T&Cs). But do customers always understand what they are agreeing to? With the help of a mathematical formula, we find that the reading age and time requirement… Read More