Dynamic Competition, Price Frictions and Institution Building: the CMA in 2022–2023.

Autor:	Bon, Julie, Love, Alistair, McNaboe, Alan, Njegovan, Nenad, Schneebacher, Jakob, Walker, Mike
Předmět:	INSTITUTION building PRICES MARKET leaders HOSPITAL mergers ECONOMIC competition HIGH technology industries
Zdroj:	Review of Industrial Organization; Dec2023, Vol. 63 Issue 4, p501-523, 23p
Abstrakt:	This article discusses three projects of economic significance that the Competition and Markets Authority (CMA) completed in the last year: First, we discuss the dynamic competition concerns that were at the heart of the CMA's analysis of the Meta/GIPHY merger; this was the first case of a competition authority's blocking an acquisition by one of the 'Big Tech' firms. Second, our work on the road fuels market study examined pricing behaviour in an important consumer-facing market and found that competition had weakened because historic price leaders have been taking a less aggressive approach to pricing, Third, we established a new research centre—the Microeconomics Unit—to bring economic expertise on competition, innovation, and productivity closer to regulatory and policy decisions. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
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