Live comments from the CCP Summer Conference 2013
June 6, 2013 Leave a comment
Stephen Davies (CCP) highlights the endemic selection bias in the evaluation of competition policy that is rooted in the fact that one cannot rely on empirical observations with regard to deterred and undetected cases. In the case of undetected cartels these unobserved cases are likely to be the most harmful. However, the unobserved cases of deterred anticompetitive mergers are like to have positive impact on the selection bias. The main purpose of paper is to set out an agenda for future research priorities including experimental research on deterrence.