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New from Oxford University Press

A groundbreaking practical guide for lawyers, judges, and economists to a rapidly emerging area of law – cartel damages

Undertakes an extensive survey and synthesis of the literature on the economics and measurement of cartel damages

Provides an integrated treatment of the applicable law and the ‘pragmatic approach’ to the quantification of damages of competition law damages

The law and methods of quantifying damages are explained using the judgments in decided cases, and practical examples drawn from expert reports and academic research.

Introduction to my Cartel Damages book

Reviews

CARTEL BRIEFS

Short commentaries on recent developments

Enforcement activity and fines were substantially lower than in previous years. The European Commission completed two investigations comprising three cartel infringements. Aggregate fines of €279 million were imposed. Without leniency and settlement discounts the fines would have been about €654 million i.e., 2.4 times larger than the fines paid. The Commission issued one Statement of Objections and re-adopted one decision which substantially reduced the fine due to its procedural failure to take account of the addressee’s inability to pay.

This paper provides an overview of recent developments in algorithmic antitrust, and the economics and legal issues raised in the areas of abuse of dominance, algorithmic pricing and collusion, and …

This paper undertakes a critical review of the prospect that self-learning pricing algorithms will lead to widespread collusion independently of the intervention and participation of humans. There is no concrete …

This article looks at the relationship between the environment and competition law. It shows that cooperative agreements in industries where there are significant pollution or open access resources such as …

BritNed v ABB [2018] EWHC 2616 (Ch) is the first and only decided cartel damages case in England. Briefly, BritNed was a follow-on action based on the European Commission’s Power Cables (Case …

  How the ‘principle of effectiveness overrides domestic laws and causation in cartel damage cases It is received legal wisdom that establishing causation is key to a damage claim, that …

The Court of Appeal in BritNed v ABB [2019] EWCA Civ 1840 has again had to clarify the principles governing competition damages. It reaffirmed the English High Court’s rejection of the claimant’s …

Cartels in industries with significant environmental problems – which produce economic ‘bads’ rather than goods – can have beneficial effects. Restricting the output of an economic bad is good.

BritNed v. ABB [2018] EWHC 2616 (Ch) is the first English cartel damages judgment, and the first to consider margin, cost and econometric approaches to the quantification of damages. The judgment …

BritNed v. ABB [2018] EWHC 2616 (Ch) is the first English cartel damage judgment and the first to consider an econometric approach to overcharges. The court rejected the claimant’s econometric analysis …

Case’s Annual Review: January 2020 European cartel fines in 2019 Summary The European Commission completed three investigations comprising five cartel infringements.  Aggregate fines of €1,469 million were imposed after leniency …

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