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This paper contains our personal observations on the CMA's Interim Report on its Market Study on Online platforms and digital advertising (the “Interim Report”). As a starting point, we are very impressed by the quality of the Interim Report as it correctly identifies the competition issues...
Persistent link: https://www.econbiz.de/10012841611
I appreciate the opportunity to submit observations on the Statement of Scope (“SOS”) of the Market Study on “Online Platforms and Digital Advertising”. This Market Study is welcome given the importance of digital advertising for online content providers (which I will refer to as...
Persistent link: https://www.econbiz.de/10012841615
established that the Principle fails in dynamic settings. We argue that information provision may also sustain collusion in single …-unit auctions, thus harming the auctioneer. Using a model with private and common value components, we point out that disclosure … collusion is feasible if and only if information provision reaches an interior threshold value …
Persistent link: https://www.econbiz.de/10012952035
This paper investigates symmetric equilibria in first- and second-price auctions with multidimensional types. The … constructed model mirrors the information structure of actual procurement auctions. We demonstrate by a counterexample that … to first- and second-price auctions and conclude that the two standard auction formats yields the same expected price to …
Persistent link: https://www.econbiz.de/10012942842
In a premium auction, the seller offers some "pay back", called premium, to the highest bidders. This paper investigates how the performance of such premium tactic is related to the participant's risk preferences. By developing an English premium auction model with symmetric interdependent...
Persistent link: https://www.econbiz.de/10014192916
information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10013295651
In its Guidance Paper on Article 102 TFEU, the Commission established three conditions that in its view must normally be satisfied before a "refusal to deal" or "margin squeeze" may be considered contrary to Article 102 TFEU, mirroring those established by the European Court of Justice (the...
Persistent link: https://www.econbiz.de/10013129885
Persistent link: https://www.econbiz.de/10013070691
interim measures more boldly. Collusion should remain an enforcement priority but a procedural pathway to review agreements …
Persistent link: https://www.econbiz.de/10012838688
14 January 2020: After months of speculation, Google finally announced its plan to phase out third-party cookies on Chrome within the next two years. As Chrome boasts a worldwide market share in excess of 64%, the news sent shockwaves in the online advertising industry, whose foundations are...
Persistent link: https://www.econbiz.de/10012841188