The more economic approach of European competition policy entails the implementation of a new (normative) conceptual approach of antitrust policy: decisions become more strongly focused on short-run and quantifiable price and quantity effects. This paper contributes to the widespread discussion...

This paper outlines the modern industrial organization theory of media markets including competition policy implications. After recapturing fundamentals of industrial organization theory in a non-technical way, the state of the art of (i) modern platform economics, (ii) the economics of the...

Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this assumption were held, a positive external effect of...