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Too little too late? 太少太迟了?
Q2 Social Sciences Pub Date : 2021-05-04 DOI: 10.1080/17441056.2021.1909234
Thomas Stuart
ABSTRACT The “competitive strength” of a company in the digital economy is becoming increasingly more reliant on the data it has at its disposal. As such, personal data has been described as “the new oil of the internet and the new currency of the digital world”. The emergence of personal data as “currency” has reinvigorated the development of privacy and consumer protection laws However, competition law has sought to maintain a strict level of separation between what falls within the “scope” of antitrust enforcement and matters deemed “wholly or partially” unrelated to competition. In highlighting the anti-competitive effects created by the vast databases of personal and often sensitive information (Big Data) being acquired by today's dominant internet platforms. this paper seeks to argue that a more refined and comprehensive analysis of the competitive effects of data in merger review is lacking and is required as a matter of urgency.
摘要一家公司在数字经济中的“竞争力”越来越依赖于其所掌握的数据。因此,个人数据被描述为“互联网的新石油和数字世界的新货币”。个人数据作为“货币”的出现重振了隐私和消费者保护法的发展。然而,竞争法试图在反垄断执法的“范围”内的内容与被视为“完全或部分”与竞争无关的事项之间保持严格的分离。强调了当今占主导地位的互联网平台获取的大量个人和敏感信息数据库(大数据)所产生的反竞争效应。本文试图证明,对合并审查中数据的竞争效应缺乏更精细和全面的分析,这是当务之急。
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引用次数: 2
Data sharing for collaborative research under art. 101 TFEU: lessons from the proposed regulations for data markets 艺术下合作研究的数据共享。101 TFEU:数据市场拟议法规的教训
Q2 Social Sciences Pub Date : 2021-05-02 DOI: 10.1080/17441056.2021.1921515
Giulia Schneider
ABSTRACT Economic operators active in the emerging European data space are currently struggling with two major hurdles: (i) the lack of legal certainty regarding the boundaries of lawfulness of data sharing practices under European competition law; (ii) the lack of coherence of the European competition framework with other European Union regulatory branches. This contribution addresses identified concerns, enquiring the relevance of data sharing agreements as research and development collaborations under art. 101 TFEU. The study considers the Commission’s Guidelines on horizontal cooperation in the light of the proposed Data Governance Act and the Digital Service Package. It identifies some criteria relevant for assessing the lawfulness of data sharing agreements under art. 101(1). These criteria encompass subjective (type of undertakings involves); objective (type of data shared); structural (degree of openness) and teleological features (public interest or commercial-oriented research) of data sharing arrangements.
活跃在新兴欧洲数据空间的经济运营商目前正与两大障碍作斗争:(i)缺乏关于欧洲竞争法下数据共享实践合法性边界的法律确定性;(ii)欧洲竞争框架与其他欧盟监管部门缺乏一致性。这一贡献解决了已确定的问题,询问数据共享协议作为art下的研究和开发合作的相关性。101 TFEU。该研究根据拟议的《数据治理法案》和《数字服务包》审议了委员会关于横向合作的指导方针。它确定了与评估art下数据共享协议合法性有关的一些标准。101(1)。这些标准包括主观的(涉及的经营类型);目标(共享数据的类型);数据共享安排的结构(开放程度)和目的性(公共利益或商业导向的研究)。
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引用次数: 0
Competition Commission of India’s “control” conundrum – practice, precedent, and proposals 印度竞争委员会的“控制”难题——实践、先例和建议
Q2 Social Sciences Pub Date : 2021-05-02 DOI: 10.1080/17441056.2021.1921513
Prateek Bhattacharya
ABSTRACT The Competition Commission of India’s (CCI) journey with “control” has been the subject of much discussion in Indian competition law circles. As we witness an increase in reliance on technology as well as a consolidation in conventional industries, both catalyzed by the Covid-19 pandemic, there is a marked increase of activity in the Indian merger market. It is therefore crucial for businesses contemplating mergers and acquisitions, to have a clear sense of the hurdles they need to cross, particularly if the merger activity in question falls in the same or a related industry. The CCI would thus need to provide clarity on what constitutes control, and when transacting parties should approach the CCI. The CCI must also be transparent about control transactions resulting in anti-competitive effects. This paper proposes that the CCI provide guidance on what amounts to control, from the perspectives of both notifiability and competitive effects, to resolve the CCI’s control quandary.
摘要印度竞争委员会(CCI)的“控制”之旅一直是印度竞争法界讨论的主题。随着我们目睹对技术的依赖增加以及传统行业的整合,这两者都受到新冠肺炎疫情的催化,印度并购市场的活动显著增加。因此,对于考虑合并和收购的企业来说,清楚地意识到他们需要跨越的障碍至关重要,尤其是当有问题的合并活动属于同一行业或相关行业时。因此,CCI需要澄清什么是控制,以及交易各方何时应与CCI接触。CCI还必须对导致反竞争效应的控制权交易保持透明。本文建议,CCI从可通知性和竞争效应的角度,就什么是控制提供指导,以解决CCI的控制困境。
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引用次数: 0
Pharmaceuticals and market definition: a cautionary tale 药品和市场定义:一个警世故事
Q2 Social Sciences Pub Date : 2021-04-29 DOI: 10.1080/17441056.2021.1921516
Rhonda L. Smith, A. Duke
ABSTRACT There is no simple prescription for defining the relevant product market for pharmaceuticals. As price is usually the key variable, the price inelastic demand for pharmaceuticals complicates the market definition process. It unsurprising then that when, as in relation to pharmaceuticals, demand is relatively price inelastic the process of defining the product dimension of a market is more complex. In relation to pharmaceuticals, the question is therefore whether a change in some other variable would cause substitution and so constrain decision-making and, if so, how to best identify such constraints. By reference to approaches adopted in several key cases, this article considers alternative approaches that can be used to identify the product dimension of pharmaceutical markets, including the use of natural events/experiments, the use of consumption data as well as qualitative indicators. The article concludes with a suggested alternative approach based on functionality, response to product quality variation and context.
没有简单的处方来界定药品的相关产品市场。由于价格通常是关键变量,药品的价格无弹性需求使市场定义过程复杂化。因此,当需求(就药品而言)相对不具有价格弹性时,界定市场产品规模的过程就会更加复杂,这并不奇怪。因此,就药品而言,问题是其他变量的变化是否会导致替代,从而限制决策,如果是这样,如何最好地确定这些限制。通过参考几个关键案例中采用的方法,本文考虑了可用于确定药品市场产品维度的替代方法,包括使用自然事件/实验,使用消费数据以及定性指标。文章最后提出了一种基于功能、对产品质量变化的响应和上下文的建议替代方法。
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引用次数: 0
The role of fundamental rights in antitrust law – a special responsibility for undertakings with regulatory power under Art. 102 TFEU? 基本权利在反垄断法中的作用——根据《反垄断法》第102条具有监管权的企业的特殊责任?
Q2 Social Sciences Pub Date : 2021-04-29 DOI: 10.1080/17441056.2021.1921514
Johannes Persch
ABSTRACT This paper investigates what role fundamental rights can play in the interpretation of EU antitrust law, in particular Art. 102 TFEU. It spells out the difficulties that derive from the fact that antitrust law and fundamental rights are of equal ranking in the EU legal order. It concludes that nevertheless as a matter of systemic and teleological interpretation, EU antitrust law is open for fundamental rights considerations. However, recourse to fundamental rights should be taken only when companies possess regulatory power. This approach sheds light on social media platforms’ recent increased engagement in content moderation. It suggests that for dominant platforms with regulatory power, any discrimination based on political beliefs is prima facie abusive behaviour under Art. 102 TFEU. However, such conduct may be justified by the pursuit of legitimate goals and companies should be granted a wide margin of appreciation in that regard.
摘要本文探讨了基本权利在解释欧盟反垄断法,特别是《反垄断法》第102条中的作用。它阐述了反垄断法和基本权利在欧盟法律秩序中具有同等地位这一事实所带来的困难。它的结论是,尽管如此,作为一个系统性和目的性的解释问题,欧盟反垄断法对基本权利的考虑是开放的。然而,只有当公司拥有监管权力时,才应诉诸基本权利。这种方法揭示了社交媒体平台最近越来越多地参与内容审核。它表明,对于具有监管权的占主导地位的平台来说,根据《TFEU》第102条,任何基于政治信仰的歧视都是表面上的虐待行为。然而,这种行为可以通过追求合法目标来证明是正当的,在这方面应该给予公司很大的升值幅度。
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引用次数: 0
Generics (paroxetine), or the new unbearable lightness of patents in competition law 仿制药(帕罗西汀),或竞争法中专利的新的难以忍受的轻盈
Q2 Social Sciences Pub Date : 2021-04-22 DOI: 10.1080/17441056.2021.1916212
Patrick Actis Perinetto
ABSTRACT Generics represents the first instance in which the CJEU analysed the contentious pay-for-delay cases. The Court had to take position on the interplay between IPRs and competition law as well as on potential competition, on unlawful competition and on the general features of the competition law assessment. The answers provided are problematic in many respects. In particular, they risk to undermine the essence of the IPRs, by excluding any relevance of their validity within the competition law assessment. Following an illustration of the case-law concerning the relationship between competition and patent laws and a description of the relevant parts of Generics, this paper aims at discussing the reasons why the Court’s reasoning is hard to reconcile with (i) its own case-law concerning the application of regulatory provisions and of IPRs; (ii) the required assessment of the counterfactual and (iii) the relevance of only lawful competition within the competition law assessment.
摘要Generics是欧盟法院首次分析有争议的延迟支付案件。法院必须就知识产权与竞争法之间的相互作用以及潜在竞争、非法竞争和竞争法评估的一般特征采取立场。所提供的答案在许多方面都存在问题。特别是,它们有可能破坏知识产权的本质,因为它们在竞争法评估中排除了知识产权有效性的任何相关性。在举例说明竞争法和专利法之间关系的判例法以及对《通用》相关部分的描述之后,本文旨在讨论法院的推理难以与(i)其自己关于监管条款和知识产权适用的判例法相一致的原因;(ii)反事实的必要评估,以及(iii)在竞争法评估中仅合法竞争的相关性。
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引用次数: 0
Antitrust concerns in Ad-Tech: formalizing the combined effect of multiple conducts and behaviours 广告技术中的反垄断问题:将多种行为和行为的综合效应正规化
Q2 Social Sciences Pub Date : 2021-03-18 DOI: 10.1080/17441056.2021.1893960
Oliver Latham, Mikaël Hervé, Romain Bizet
ABSTRACT We present an economic model of competition in the ad tech “stack”. We use this model to understand how the complex web of conducts implemented by Google – and under scrutiny by both U.S. and European antitrust enforcers – can be rationalized as a profit-maximizing, exclusionary strategy. We show how vertical integration, linking of services across the stack and the use of complex auction models increases incentive and ability to foreclose rivals and why there might be incentives to limit data and ID sharing so as to undermine rival intermediaries. We show how these conducts can have negative effects on consumer welfare via an increase in the prices paid by online advertisers and a decline in incentives to invest in producing content. We discuss also the level of “take rate” charged by different intermediaries and explain how differences in the ability to price discriminate undermines the relevance of such comparisons.
我们提出了一个广告技术“堆栈”竞争的经济模型。我们使用这个模型来理解bb0实施的复杂行为网络——并受到美国和欧洲反垄断执法机构的审查——如何被合理化为一种利润最大化的排他性策略。我们展示了垂直整合、跨堆栈的服务链接和复杂拍卖模型的使用如何增加了取消竞争对手抵押品赎回权的激励和能力,以及为什么可能会有限制数据和ID共享的激励,从而削弱竞争对手的中介机构。我们展示了这些行为如何通过增加在线广告商支付的价格和减少投资制作内容的动机来对消费者福利产生负面影响。我们还讨论了不同中介机构收取的“费率”水平,并解释了价格歧视能力的差异如何破坏了这种比较的相关性。
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引用次数: 1
Are 28 days a month? Price competition with consumer confusion 一个月有28天吗?价格竞争与消费者混淆
Q2 Social Sciences Pub Date : 2021-03-06 DOI: 10.1080/17441056.2021.1886441
L. Di Gaetano
ABSTRACT This paper contributes to the literature of price framing by analysing the effect of temporal price framing. We introduce in a homogeneous duopoly à la Bertrand, where firms compete with an advertised price that is expressed in a certain periodical frame (i.e. 4-week, daily) that could differ from the standard periodical price (for instance, monthly or yearly price). The model focuses on the effect of the perception of the periodical price by consumers and not on the confusion or complexity of the price frames that leads to a product differentiation. Indeed, on equilibrium the two firms choose the same standard and advertised price, but their profits are greater than the standard Bertrand case. This result gives an important insight regarding the 4-week billing antitrust case conducted by the Italian Antitrust Authority and concluded in January 2020.
本文通过分析时间价格框架的影响,对价格框架的文献做出了贡献。我们引入了一种同质的双寡头垄断,即企业与广告价格竞争,广告价格以一定的周期框架(即4周、每天)表示,可能与标准周期价格(例如每月或每年的价格)不同。该模型关注的是消费者对周期性价格的感知效果,而不是导致产品差异化的价格框架的混乱或复杂性。事实上,在均衡状态下,两家公司选择了相同的标准和广告价格,但它们的利润大于标准Bertrand情况。这一结果为意大利反垄断局于2020年1月结束的为期4周的计费反垄断案件提供了重要见解。
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引用次数: 0
Cartel behaviour and efficient sanctioning by criminal sentences 卡特尔行为和刑事判决的有效制裁
Q2 Social Sciences Pub Date : 2021-02-28 DOI: 10.1080/17441056.2021.1886442
T. Wein
ABSTRACT Hardcore cartels risk receiving both administrative fines from the cartel authority and civil law claims for damages. There is a legal policy discussion that cartelist should also face criminal law consequences. Penalties must be at least as high as expected benefits to deter crimes. Sanctions by the German cartel office might indicate information on the profits We calculate the minimum level of fines required to deter cartel infringement for each case, and compare the figures to the actual penalties. The calculated minimum penalties would result in a considerable increase in fines, which would have to be covered either by compensation payments, or criminal sanctions. If custodial sentences were based on the probability of zero compensation payments, and the monetary loss of benefit, the result would sometimes equal an impractically long criminal sentence. It would be more effective to raise administrative sanctions to a sufficient level, especially against individuals.
核心卡特尔面临着来自卡特尔当局的行政罚款和民事赔偿索赔的风险。有一种法律政策讨论认为,卡特尔者也应面临刑事法律后果。惩罚必须至少与预期收益一样高,以遏制犯罪。德国卡特尔局的制裁可能会显示有关利润的信息。我们计算出每个案件中阻止卡特尔侵权行为所需的最低罚款水平,并将这些数字与实际罚款进行比较。计算出的最低刑罚将导致罚款大大增加,这些罚款必须由赔偿或刑事制裁来支付。如果监禁判决的依据是赔偿额为零的可能性和经济利益损失,其结果有时将等于不切实际的长期刑事判决。将行政制裁提高到足够的程度,特别是对个人的行政制裁,将更为有效。
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引用次数: 2
The dawn of pro-competition data regulation for gatekeepers in the EU 为欧盟的守门人提供有利于竞争的数据监管的曙光
Q2 Social Sciences Pub Date : 2021-01-26 DOI: 10.1080/17441056.2021.1907080
S. Vezzoso
ABSTRACT The Paper offers some preliminary and cautious reflections specifically on the data-related obligations for gatekeepers that the 81-page Proposal for a Digital Markets Act tabled by the European Commission in December 2020 would introduce. First, it will be shown that the breadth and depth of the proposed data-related obligations reflect an increasingly sophisticated understanding of the extensive data governance/regulatory “plumbing” necessary to ensure open and fair markets in the digital sector. Second, it is important to underline how the asymmetrical data governance for gatekeepers that the DMA would introduce builds on and enhances important pieces of the EU data acquis. Finally, the extent to which the DMA ties in with the European Commission’s overall data strategy is also worth investigating going forward.
欧盟委员会于2020年12月提交的长达81页的《数字市场法》提案将引入一些与数据相关的守门人义务,本文对这些义务提供了一些初步和谨慎的反思。首先,本文将表明,拟议的数据相关义务的广度和深度反映了对确保数字部门开放和公平市场所必需的广泛数据治理/监管“管道”的日益复杂的理解。其次,重要的是要强调DMA将引入的针对看门人的不对称数据治理是如何构建和增强欧盟数据获取的重要部分的。最后,DMA与欧盟委员会整体数据战略的联系程度也值得进一步调查。
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引用次数: 4
期刊
European Competition Journal
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