More Likely Than What? The Relevance of the Counterfactual in Nascent and Dynamic Industries
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Konstantin Ebinger and Lawrence Krug discuss difficulties competition authorities may face when assessing mergers in nascent and fast-growing markets such as those for digital applications. The authors describe a more explicit—and therefore rebuttable—framework to assess future counterfactuals.
Read their article in Competition Policy International’s Antitrust Chronicle.
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