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Oracle/Sun: |
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In Oracle/Sun, RBB performed an extensive runner-up analysis of the parties’ bidding data. The results showed that the merging parties were not closest competitors pre-merger. In particular, when one merging party won the bid, the other party was the runner-up in a very small number of cases, considerably less frequently than other competitors.
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BHP Billiton/Rio Tinto: |
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In the assessment of the merger between BHP Billiton/Rio Tinto, RBB developed a forward-looking model to examine the likely impact of that merger on future capacity investments. The results of the model served to assess whether the merger would lead to delays in capacity investments and to assess the likely efficiency gains stemming from the transaction. |
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oneworld: |
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In the investigation of the oneworld airline alliance, RBB reviewed the European Commission’s price-concentration regression analysis, demonstrating that there was no robust evidence of alleged harmful price effects. |
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StatoilHydro/ConocoPhillips (Jet): |
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In StatoilHydro/ConocoPhillips (Jet) we conducted a multivariable regression analysis to assess the extent to which nearby petrol stations impacted on Statoil prices. We found that Jet was not a maverick – its influence on Statoil’s prices was no greater than any other rival. |
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HMV-Waterstone's/Ottakar's: |
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In HMV-Waterstone’s/Ottakar’s, RBB addressed concerns raised by the UK Competition Commission that the merger of two specialist book retailing chains could lead to a reduction in quality, range and service (QRS). RBB employed regression analysis to demonstrate that in areas where both merging parties operated, QRS factors were not systematically different to non-overlap areas.
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GE/Instrumentarium: |
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In GE/Instrumentarium, RBB performed two different analyses of the bidding data to assess the closeness of competition between the merging parties. First, we conducted a win/loss analysis to establish whether each merging party was the runner-up in those bids won by the other party. Our analysis showed that in most cases this was not the case. Second, in a regression analysis we assessed whether the participation of each merging party had an effect on the price when the other party won the tender. This analysis showed that the presence of GE did not have a statistically significant impact on the price that Instrumentarium bid and vice versa. |
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Sony/BMG: |
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In Sony/BMG, RBB used empirical techniques to demonstrate that prices are too volatile to allow cheating to be detected in order to address the European Commission’s concerns on coordinated effects. |
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Nokia/Navteq: |
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In Nokia/Navteq, RBB modelled the incentive for anti-competitive input foreclosure, demonstrating that such an outcome was not likely to arise. We demonstrated that Navteq would not profit from withholding supplies of map data to Nokia’s rivals because the forgone profit from those sales would not be outweighed by extra profit generated from additional sales of Nokia handsets. |
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UK Competition Commission Grocery Market Inquiry: |
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In the UK Competition Commission Grocery Market Inquiry, our economists assessed empirically how entry/exit of local grocery stores affected revenue of neighbouring stores and how consumer substitution patterns differed amongst national multiples and grocery stores of different sizes. These analyses provided evidence in relation to geographic market definition as well as the degree to which different fascia constrained each other. |
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Temporary employment companies: |
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During the cartel investigation by the French Conseil de la Concurrence on temporary employment companies RBB developed an empirical study to compare the evolution of prices charged to the alleged cartel customers with those charged to a control group of customers not affect by the alleged agreements. This technique enabled us to obtain estimates of the alleged cartel price overcharge, taking into account the impact on prices of external factors such as changes in labour law and macroeconomic trends. |
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Bananas: |
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In the Bananas EC cartel case, RBB’s evidence that alleged agreements on list prices had no material impact on actual transaction prices contributed to the Commission’s decision to drop one part of the case against the banana shippers and to reduce the fine on the other part by 60%. |
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Galp Energia: |
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In a project for Galp Energia, RBB investigated the dynamic processes whereby retail petrol or diesel prices are shaped by changes in crude oil prices. RBB’s analysis did not support the hypothesis that Portuguese retail fuel prices respond more quickly to increases in crude oil prices than to decreases. |
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