An Attempt to Draw Implications about Economic Analysis in Antitrust Cases (2022.12)
Abstract |
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The objective of this study is twofold: visualizing how economic analysis is used in antitrust cases and drawing possible implications. To this end, we conduct a survey and descriptively study the responses from the competition agencies in 11 jurisdictions. Our analyses illuminate (i) the usefulness of economic analysis to establish a theory of harm, (ii) the usefulness of economic analysis for examining bid-rigging/cartel cases, (iii) the importance of economic analysis to assess justifications of conducts concerned, and (iv) the necessity of reliable and sufficient data for economic analysis with reasonable counterfactual scenarios. |