IDEAS home Printed from https://ideas.repec.org/a/kap/revind/v63y2023i4d10.1007_s11151-023-09934-w.html
   My bibliography  Save this article

Dynamic Competition, Price Frictions and Institution Building: the CMA in 2022–2023

Author

Listed:
  • Julie Bon

    (Competition and Markets Authority)

  • Alistair Love

    (Competition and Markets Authority)

  • Alan McNaboe

    (Ofcom, Riverside House)

  • Nenad Njegovan

    (Competition and Markets Authority)

  • Jakob Schneebacher

    (Competition and Markets Authority)

  • Mike Walker

    (Competition and Markets Authority)

Abstract

This article discusses three projects of economic significance that the Competition and Markets Authority (CMA) completed in the last year: First, we discuss the dynamic competition concerns that were at the heart of the CMA’s analysis of the Meta/GIPHY merger; this was the first case of a competition authority’s blocking an acquisition by one of the ‘Big Tech’ firms. Second, our work on the road fuels market study examined pricing behaviour in an important consumer-facing market and found that competition had weakened because historic price leaders have been taking a less aggressive approach to pricing, Third, we established a new research centre—the Microeconomics Unit—to bring economic expertise on competition, innovation, and productivity closer to regulatory and policy decisions.

Suggested Citation

  • Julie Bon & Alistair Love & Alan McNaboe & Nenad Njegovan & Jakob Schneebacher & Mike Walker, 2023. "Dynamic Competition, Price Frictions and Institution Building: the CMA in 2022–2023," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 63(4), pages 501-523, December.
    • Handle: RePEc:kap:revind:v:63:y:2023:i:4:d:10.1007_s11151-023-09934-w
    DOI: 10.1007/s11151-023-09934-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11151-023-09934-w
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11151-023-09934-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Competition authority; Mergers; Market study; Dynamic theory of competition;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:revind:v:63:y:2023:i:4:d:10.1007_s11151-023-09934-w. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.