Competition Economics
Competition investigations
Economics has become crucial in most competition cases and ignoring economic arguments is not an option when building a strong case. Our extensive expertise in dealing with all aspects of competition policy enforcement gives us unmatched understanding of the most important elements of a competition case: theory of harm and effects assessment, relevant market definition and impact estimation.
Market definition can also have a significant impact on the overall evolution of an antitrust case. We use our expertise to determine the relevant market even from the early stages of an investigation. Effect analysis can provide crucial information and significantly impact the course of an investigation, assessing whether certain business decisions had anticompetitive effects on market outcomes.
We offer rigorous and highly insightful economic analysis, integrated with legal advice, to provide the best solutions in antitrust procedures. Our team provides insights into market definition, market shares and concentration, market structures and dynamics, alleged behaviour impact and economic justifications, and helps develop strategies to mitigate regulatory concerns.
Merger Analysis: Competition economics support throughout the transaction lifecycle
A strategic assessment before filing can save significant time and effort. We advise clients on the overall competitive and regulatory outlook of a transaction and the risks it may raise.
Market definition can change the fate of a merger. Using proprietary tools and deep expertise, we help clients establish the appropriate product and geographic market boundaries, including assessments of local competitive pressure.
We model the most probable post-merger market outcomes through effects simulation, giving clients a clear picture of how the competitive landscape is likely to evolve. Efficiency claims remain one of the most powerful arguments in support of a merger.
We help clients identify the key drivers of merger-generated efficiencies and their pass-through to consumers, building analyses grounded in best industry practices and academic standards to maximise acceptance by the reviewing authority.
Private damages evaluation
We specialize in calculating the extent of harm suffered due to anticompetitive practices for purposes of private damage claims. Our economic analysis aids clients in litigation to recover losses or obtain compensation for anti-competitive effects imposed by other parties.
State-aid analysis
Our experts evaluate public measures such as subsidies or tax advantages granted by state entities to ensure compliance with EU state aid rules.
We assess the impact of such aid on competition and market conditions, offering strategic advice to both beneficiaries and competitors potentially affected by state aid.