The past decade has been a time of great upheaval for transatlantic competition policy. This is evident in the United States (at the federal and state levels), the European Union, and the United Kingdom. With the reinvigoration of antitrust policy has come a reinvigoration of antitrust economics, which has been increasingly prominent in the reasoning of regulators and courts. This volume chronicles key flashpoints in this process, from an economics point of view. It provides 18 contributions from leading antitrust economists involved in recent groundbreaking merger, monopolization and anticompetitive-agreement cases on both sides of the Atlantic.


This book is a collection of essays that discuss recent major competition policy cases in both the United States and Europe from the past few years. The book covers mergers, monopolistic practices, and price fixing, and provides accessible economic analysis for readers interested in antitrust. The editors believe that the book will be useful for undergraduate courses in public policy, business school courses on public policy, and law school antitrust courses. They also hope that the case studies will be useful for scholars in reassessing their frameworks and finding motivating examples for their research.



TABLE OF CONTENTS


Editors' Bios


Authors' Bios


Introduction


I. MERGERS


1. Vertical, Horizontal, and Potential Competition: The Proposed Acquisition of Farelogix by Sabre
Chris Doyle, Kostis Hatzitaskos, Kate Maxwell Koegel & Aviv Nevo


2. Innovation Concerns in European Merger Control: Dow/DuPont and Bayer/Monsanto
Daniel Coublucq, David Kovo & Tommaso Valletti


3. Efficiencies, Remedies, and Competition: The Sprint/T-Mobile Merger
John Asker & Michael L. Katz


4. Upward Pricing Pressure in Supermarket Mergers: The UK’s Asda/Sainsbury Case
Howard Smith


5. Evaluating a Theory of Harm in a Vertical Merger: AT&T/Time Warner
Dennis W. Carlton, Georgi V. Giozov, Mark A. Israel & Allan L. Shampine


6. Bidding Analysis and Innovation Concerns in Merger Control: General Electric/Alstom
Daniel Coublucq & Giulio Federico


7. Mergers and Monopsony: The Anthem-Cigna Merger
David Dranove, Dov Rothman & Samuel Weglein


8. Cross-Market Hospital Mergers: The Cedars-Sinai/Huntington Memorial Litigation
Gregory S. Vistnes



II. MONOPOLY CONDUCT/ABUSE OF DOMINANCE



9. A Landmark Antitrust Case in Digital Markets: Google Search (Shopping)
Andrea Amelio


10. Market Definition for Two-Sided Markets: Ohio v. American Express
Michael L. Katz


11. Excessive Pricing as an Antitrust Harm: Three UK Cases in Generic Pharmaceuticals
Julie Bon & Mike Walker


12. Extension of Its Search Monopoly: The EC Case against Google Android
Cristina Caffarra & Federico Etro


13. Targeted Below-Cost Pricing in the Semiconductor Industry: The Qualcomm Predation Case
Liliane Giardino-Karlinger


14. Advertising, Customer Data, and Competition: The German Facebook Case
Rupprecht Podszun


15. Using and Misusing Microeconomics: Federal Trade Commission v. Qualcomm
Carl Shapiro & Keith Waehrer


16. Platform Price Parity Clauses: The Hotel Booking Industry
Thibaud Vergé



III. ANTICOMPETITIVE AGREEMENTS



17. No-Poaching Agreements as Antitrust Violations: Animation Workers Antitrust Litigation
Orley Ashenfelter & Ruth Gilgenbach


18. Can Four Traders Fix the Price of Money? The Euro-US Dollar Antitrust Litigation
Edward A. Snyder