9-10 OCTOBER 2014. 9.30am - 5.00pm, etc Venues, The Hatton, London
Aimed at those with a good background in microeconomics, but who are relatively new to practical competition policy, this two day course provided an introduction to the economics of competition policy.
The course consisted of eight 90 minute sessions which were delivered by different speakers with strong practical experience of competition policy work. Each involved a mix of presentation and interactive work to help provide practical analytical tools.
The focus was on the UK/EU legal framework and core antitrust issues including the assessment of anti-competitive agreements and abuse of dominance and mergers.
Session 1: Legal Framework and Key Economic Concepts
Prof Morten Hviid, CCP & Law School, University of East Anglia
Morten Hviid was appointed director of the ESRC Centre for Competition Policy in August 2011. He previously joined the UEA Law School in September 2004 as a Professor in Competition Law. He has held posts in the Economics Departments at University of Copenhagen and University of Warwick and in the School of Economic and Social Studies, University of East Anglia.
Within the Centre he primarily works on issues relating to cartels and the role of private enforcement in competition law. Morten holds an MA and a PhD in Economics from University of Warwick as well as an economics degree from University of Aarhus, Denmark. He has been a visiting Scholar at Yale University, University of California Berkeley and University of Copenhagen.
Morten is a former editor of the Journal of Industrial Economics and associate editor of the International Journal of Industrial Organization. He is also a former member of the Executive Committee of the European Association for Research in Industrial Economics (EARIE).
Session 2: Market Definition and Market Power
David Parker, Frontier Economics
David is a Director in the competition practice at Frontier Economics, having joined when the firm was founded in 1999. He advises firms facing competition investigations in relation to mergers, agreements, abuses of dominance, and sectoral inquiries. He has been involved in many of the highest-profile competition cases in the EU and at NCA level in the past 15 years, including Movies on Pay-TV, GE/Honeywell, Groceries, Local Bus Services, Private Healthcare, Booker/Makro and Caterpillar/MWM. Key clients include Disney, Caterpillar, Hewlett Packard, Tesco, First Group, Aggregate Industries, Rolls Royce, English Welsh and Scottish Railway, ITV, Premier League, and the UK National Health Service.
David provides expert advice in litigation cases, specialising in litigation arising from breaches of competition law, including cartel follow-on damages cases and breaches of Article 102. He advised Tesco in the first successful appeal of a UK Competition Commission market investigation remedy and English Welsh and Scottish Railway in the first successful defence against a damages claim for breach of the UK Chapter 2 prohibition. He regularly speaks at conferences and seminars, and has written numerous articles on competition economics issues.
Session 3: Mergers - Unilateral Effects
Kate Collyer, Competition and Markets Authority (CMA)
Kate Collyer is Director of Economics for Markets and Mergers in the Competition and Markets Authority (CMA), where she is responsible for the quality and standard of economic advice in the CMA's market and merger investigations. Kate was Director of Economics in the Competition Commission where she provided economic advice on a wide range of market and merger investigations in many different sectors in the UK. Before joining the Competition Commission, Kate was Director of Economics and Deputy Director at the Cooperation and Competition Panel (CCP) (now Monitor). At the CCP Kate led a large number of merger and competition investigations in the NHS and her research on hospital choice and merger simulation has been published in the Economic Journal. Kate has also worked as an economic consultant advising on antitrust and merger investigations in a range of sectors in the UK, Europe and US.
Session 4: Horizontal Agreements and Coordinated Effects
James Kavanagh, Oxera
James has over ten years of professional experience in competition economics, with a focus on state aid and litigation. He has worked on economic and finance issues in cases in all major European jurisdictions. He has advised companies such as Australia and New Zealand Bank, Deutsche Bahn, EDF, Royal Bank of Scotland and Ryanair, as well as authorities such as DG Competition. James is co-author of Economics for Competition Lawyers, a leading textbook, and teaches on the postgraduate course Economics for Competition Law at King's College London.
James has been appointed as expert in UK litigation and arbitration proceedings, and has experience of cross-examination in court. He has also participated in mediations, particularly in cases involving follow-on damages. He has an exceptional breadth of experience in state aid, and is recognised as a leading specialist in this area. For several years James has been listed in the International Who's Who of Competition Lawyers & Economists and in the Guide to the World's Leading Competition and Antitrust Lawyers & Economists.
Session 5: Exclusionary Abuse of Dominance
Matthew Bennett, Charles River Associates
Dr. Matthew Bennett is a Vice President at Charles River Associates. Prior to joining CRA, Dr. Bennett served as the Director of Economics at the Office of Fair Trading in the United Kingdom where he was responsible for the Economic Policy, Financial Analysis, Statistics and Econometrics teams. This included supervising the economic review of OFT cases, commissioning economic research, and developing the OFT's economic approach to competition and consumer policy. He advised on competition cases involving the banking, construction, retail, and tobacco industries, among others, as well as on Chapter I and II investigations. Dr. Bennett joined the OFT in 2008. Prior to that, he was a principal at LECG and also worked for the UK Communications Regulator OFCOM within the Chief Economist's team. In addition, he has authored papers in the area of competition and consumer policy, most recently in the area of information exchange. Dr. Bennett earned his PhD degree in Economics from the University of Warwick and completed a Post-Doctorate degree in Economics from the Toulouse School of Economics.
Session 6: Exploitative Abuse of Dominance
Kirsten Edwards-Warren, Compass Lexecon
Kirsten Edwards-Warren is an Executive Vice President at Compass Lexecon Europe. She was previously Director of Economics at both the Office of Fair Trading and Competition Commission. She has extensive experience in mergers, having worked on over 40 UK and EC cases, in addition to mergers notified in the U.S., France, Germany, Australia, Russia, China and South Africa. She has worked on some of Europe's most high profile mergers in recent years including Omnicom/Publicis, AEG/Wembley Arena, Johnson & Johnson/Synthes, NYSE/Deutsche Börse, Aegean/Olympic Airlines, KLM/Martinair, Microsoft/Skype and Kraft/Cadbury. In addition she has advised on market studies, consumer cases and competition enforcement cases investigating tying and bundling, excessive pricing, retroactive rebates, refusals to supply, vertical restraints and cartels. She is listed in the Who's Who of Competition Economists in 2010, 2011 and 2012, and she featured in the Global Competition Review Women in Antitrust Survey in 2013.
Session 7: Vertical Restraints
Prof Amelia Fletcher, CCP & Norwich Business School, UEA
Amelia Fletcher is Professor of Competition Policy at the ESRC Centre for Competition Policy. She is also a Non-Executive Director at the Financial Conduct Authority, and a member of the Enforcement Decision Panel at Ofgem. She was previously Chief Economist at the Office of Fair Trading (2001-2013), where she also spent time leading the OFT's Mergers and Competition Policy teams. Before joining the OFT, Amelia was an economic consultant at Frontier Economics (1999-2001) and London Economics (1993-1999).
Amelia has written and presented widely on competition and consumer policy. In her ongoing research, she has a particular interest in the implications for competition and consumer policy of behavioural economics and online markets. Amelia has a DPhil and MPhil in economics from Nuffield College, Oxford. She has been on the Councils of the Royal Economic Society and the Association of Competition Economics and on the advisory panel for the ESRC Centre for Economic Learning and Social Evolution (ELSE). She is currently a member of Oxera's Economics Council.
Session 8: Mergers - Non-Horizontal Effects and Minority Stakes
Adrain Majumdar, RBB Economics
Adrian Majumdar is a Partner at RBB Economics. Prior to joining RBB in 2004, Adrian was the Deputy Director of Economics at the OFT. Adrian has advised on many leading competition law cases in the UK and European jurisdictions. He has published widely on nearly all aspects of competition economics and is a co-author of the textbook published in 2011, UK Merger Control. 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 lectures for King's College London, where he is a Course Director of the Postgraduate Diploma/Masters in Economics for Competition Law. Adrian is also an expert for the OECD on competition matters. Adrian completed his undergraduate studies at Cambridge University and his PhD at the Centre for Competition Policy at the University of East Anglia.