The existence of behavioral biases does have a number of implications for the way in which markets work. Matthew Bennett, John Fingleton, Amelia Fletcher, Liz Hurley, & David Ruck, U.K. Office of Fair Trading

The paper considers the case for reform of the system of private actions in the European Union. In doing so, it seeks to identify the central changes which would need to be made if private actions are to play a more significant role in the competition regime. Contrary to recent statements made...

The extent to which EC competition law has been modernized in the last decade is really quite breathtaking. Most radical of all, perhaps, was the Modernization Regulation.

Over the past few years, there has been a burgeoning literature on two-sided markets and economic understanding of such markets has improved hugely. Less attention has, however, been paid to how competition policy should be applied in two-sided markets.