generalise the approach and analyse the behaviour of a competition authority, which attaches different weights to the firms' and … consumers' payoffs, with welfare-maximisation constituting a special case. The greater the importance of consumers is, the less … restrictions also depends on the competition authority's instruments. The essential insights continue to apply if firms are …

-sided markets. In addition, we argue that his "consumer welfare" criterion is misleading and liable to deceive, thus the hoax. The … Bork's definition of "consumer welfare" - it includes the economic rents of the firm - all at a cost to consumers … no producer's surplus - the estimated loss of consumers' welfare in $60.4 and $43.7 billion respectively from Google and …

and competition from the fringe. We argue that when dominance is derived from first-mover advantages and innovation … feedback loops, rather than high and non-transitory barriers to entry, competition policy and regulation should avoid … from anti-competitive foreclosing abuses rather than from competition on the merits …

limitations of the available data, and the potential implications of common ownership for competition in Australia. …

limitations of the available data, and the potential implications of common ownership for competition in Australia. …

products that are more directly affected by competition. However, at the product therapeutic area level, we find a reduction in … innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with …

majority share of the markets for general-search results and advertising, prompting antitrust and competition-law scrutiny of …. This type of steering forecloses competition in markets not immediately adjacent to the platform itself. Current antitrust …-estate agent markets. Related-market harm is inefficient and reduces consumer welfare. This article contends that future merger and …

The paper first summarizes the benefits of competition, i.e. why competitive markets are more efficient than … interference. In the main part, the paper presents the key components of effective competition oversight, in particular for … countries seeking to reform their competition laws and agencies and those planning for the first time to introduce meaningful …