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Truth or dare: leniency and the fight against cartels


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Depiction of The ups and downs of vertical merger control: what’s the current state of play?
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The ups and downs of vertical merger control: what’s the current state of play?

Recent years have seen renewed debate around vertical merger control. Authorities have been changing their guidance and competition headlines have been dominated by vertical mergers such as AT&T/Time Warner, Facebook/Giphy and Illumina/Grail. But exactly how has our collective economic understanding of vertical mergers evolved? And what role can economics play in competition policy practice? In May 2022, the Oxera Economics Council met to discuss these questions. Read More

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Depiction of Anticipating future public policy changes in environmental cost–benefit analysis
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Anticipating future public policy changes in environmental cost–benefit analysis

In pursuit of net zero targets, public entities worldwide are increasingly employing environmental cost–benefit analysis (CBA). The outcome of such an analysis depends on the public environmental policy standards applicable at that time. But what if these standards change? Ilaria Noviello, Oxera Analyst, and Shaun Tey, Economist at Ofcom, draw on a case study involving the Netherlands Authority for Consumers and Markets (ACM) to explore how policymakers can account for potential changes to public policy when conducting environmental CBA. Read More