Αποτελέσματα Αναζήτησης
A meeting of the Oxera Economics Council earlier in 2011 aimed to advance the debate around unilateral effects analysis, how it fits within the current competition law framework, and to what extent it can be a substitute for a full market definition analysis.
Much anecdotal and empirical evidence shows that competitive pressure arises from non-substitute products, services, and business models that modify the relative preferences of users, raise the opportunity cost of present product consumption, and shift the demand curve inward.
In this essay, we argue that the Supreme Court reached the right outcome in Ohio et al. v. American Express.2 We explain that the single-sided market definition adopted by the District Court, despite its finding that American Express (“Amex”) was a two-sided transaction platform as described in the economics literature, effectively prevented it ...
5 Ιαν 2023 · Common questions in the general platform market definition debate considered in this case include: How many markets should be defined? A single market encapsulating competitive constraints on both sides of the PCW platform (insurers and consumers) or one for each side? How should competitive constraints faced by the PCW platform be assessed?
the determination that a market is two-sided can appropriately guide the evaluation of relevant competitive effects. In American Express itself, the Court’s analysis reflects a sensitive consideration of competitive context and the nature of the challenged practices more than its categorical deter-mination that the relevant market is two-sided.
24 Αυγ 2011 · away from reliance on formulas to establish market definition and market power, focusing instead on more direct evidence of competitive effects of mergers, such as higher prices and reduced innovation.
Market definition is the traditional starting point for most analysis under competition law. It provides an objective conceptual framework for systematically identifying competitors (or potential competitors) that may constrain a company’s behaviour.
