This webinar examines the lively debate on how horizontal mergers can have an impact on innovation.
It explains innovation theories of harm, i.e. those that go beyond a concern that a merger would impact on price and quality but restrict the degree of innovation, irrespective of their impact on price and quality. These theories have been advocated by economists working at DG Competition in recent academic papers.
The webinar will cover:
- Pure innovation theories of harm
- Rebuttals to such theories
- Implications for merger policy
By attending this webinar, you will gain:
- An update on this topical debate
- A framework for assessing innovation effects in horizontal mergers
About the speaker:
Adrian Majumdar, Partner, RBB Economics
Dr Adrian Majumdar is a Partner at RBB Economics. Prior to taking his post at RBB in April 2004, Adrian was the Deputy Director of Economics at the UK competition authority, the Office of Fair Trading (OFT), now part of the CMA.
Adrian has published widely on nearly all aspects of competition economics and is a co-author of the textbook, UK Merger Control, 2016. Adrian is on the Advisory Board of the British Institute of International and Comparative Law (BIICL) Competition Law Forum. Adrian is also a non-governmental advisor for the UK to the International Competition Network and has acted as an expert for the OECD on competition matters. Adrian lectures for King’s College London, where he is a Course Director of the Postgraduate Diploma/Masters in Economics for Competition Law, attended by staff from numerous international competition authorities. Adrian completed his undergraduate studies at Cambridge University and his PhD at the Centre for Competition Policy at the University of East Anglia.
Adrian has advised on some of the leading competition law cases in Europe, including Intel (for AMD) and Post Danmark II. Working on competition matters since 1995, Adrian has a wealth of experience covering horizontal and vertical mergers, abuse investigations, cartels, vertical agreements, market inquiries and investigations, regulation, litigation matters and compliance advice. He has advised numerous companies before the European Commission and national competition authorities around the world, covering a wide range of industries. Adrian has also provided expert testimony for the UK Ministry of Justice and the Law Society of England and Wales and has experience of being cross examined and hot tubbing before the UK Competition Appeal Tribunal.
Recorded 14 May 2018