What are the reasons behind the global trends in corporate margins and market concentration?
Rising markups, market power and market concentration are considered primary concerns that require an immediate policy response. At this event we will analyse the reasons behind the global trends in corporate margins and market concentration. Do they signal a lack of market competition or are they linked to new technology efficiencies and the organic growth of industrial players?
We will also discuss whether current competition policy tools are adequate to address related concerns. Do we need a new approach, and if yes, what should its basic ingredients and characteristics be?
This event will be livestreamed. There is no need to register for the livestream.
Check-in and lunch
Fiona Scott Morton, Theodore Nierenberg Professor of Economics, Yale
Director and head of the Brussels office at Copenhagen Economics
Theodore Nierenberg Professor of Economics, Yale
Professor of Law, University of Liege
Chief Economist, German Competition Authority (Bundeskartellamt)
How is global competition policy evolving given the challenges of the digital era?
Empirical trends in markups and market power: their implications for productivity and growth
Following the announcement that Alphabet (Google) will appeal the European Commission's ruling on the competition case against its Android mobile operating system, the authors here assess Google's compliance while its appeal is pending as well as the likelihood of a net positive outcome for societal welfare.
How can competition policy adapt to market changes caused by new technologies, digital platforms and big data companies?
Since the beginning of 2018, currencies of two large emerging-market economies – Argentina and Turkey – suffered from substantial depreciation. Other currencies also recorded losses. Which factors are determining macroeconomic and financial stability in emerging-market economies? And what can be done to prevent a crisis and avoid its economic, social and political costs?
An in-depth look at competition policy.
China’s accession to the World Trade Organisation in 2001 was greeted with great fanfare. But near silence has greeted the recent removal by the China Banking and Insurance Regulatory Commission of caps on foreign ownership of Chinese financial institutions. For Beijing, the apparent lack of interest might be an issue of too little, too late.
Remittances flows are very important for developing countries. In 2009 the G8 pledged to reduce the cost of remittances to 5%, a commitment that was endorsed by the G20 in 2011 and 2014, and included in the UN’s Sustainable Development Goals in 2015. What is the cost today, and what are economists’ suggestions to reduce it?
Following our past events on the topic of antitrust concerns in zero price markets and on big data, digital platforms and market competition, this November we are hosting an event on antitrust concerns in the digital markets.
At this closed-door, off-the-record event we will discuss the impact that mergers have on innovation.
This event aims to discuss the various nuances and diversity that characterize crowd employment.
After President Macron’s recent tour of Central and Eastern European countries, EU posted workers are getting a lot of attention. However, a major reform of the system is already underway and we should not confuse posted workers with long-term labour migrants. Posted workers are a small part of the labour force, and their labour market impact is likely to be minor.