Cristina Caffarra
Dr. Cristina Caffarra is a leading competition economist who founded the European practice of Keystone in July 2022 and works with Keystone as an Economic Expert. She was previously the Head of European Competition at CRA for 15 years. She has directed economic analyses in multiple competition investigations on some of the landmark mergers and antitrust matters of the past 25 years, before the EC and the competition agencies of the UK, multiple Member States, and across the globe. She has provided expert economic evidence in multiple litigated cases before the courts (from the General Court in Luxembourg to the High Court and the Competition Appeal Tribunal in London, and many more). Dr. Caffarra is a recognized contributor to the global discussion on regulation of the digital economy, advising both companies and government agencies, writing and speaking. She regularly keynotes and participates to roundtables events on competition, regulation and digital policy. Dr. Caffarra is an Honorary Professor in Competition Economics at University College London and Co-Founder and Deputy Director of the CEPR Competition Research Policy Network.
Antitrust and Competition
“Consumer Welfare Is Dead”: What Do We Do Instead?—A Perspective from Europe
“Consumer Welfare” has lost its place as the animating value and standard for modern antitrust. The standard is almost universally regarded as...
Antitrust and Competition
Antitrust Enforcement, Inflation and Corporate Greed: What do we know?
At a recent Centre for Economic Policy Research (CEPR) event, panelists, including the Stigler Center's own Luigi Zingales, reflected on the roles...
Antitrust and Competition
Why Privacy Experts Need a Place at the Antitrust Table
Antitrust enforcers have tended to stay narrowly “in their lane,” failing to engage with how data is collected and used by digital...
Antitrust and Competition
How Will the Digital Markets Act Regulate Big Tech?
While the recently introduced Digital Markets Act rules might change prior to final approval, there is a lot to consider already. What...
Antitrust and Competition
The ACCC’s News Media Bargaining Code: Experimenting with “Decentralized Regulation” of Dominant Digital Platforms
The Australian Competition and Consumer Commission recently proposed a mandatory bargaining code to govern negotiations between digital platforms like Google and Facebook...
Latest news
Antitrust and Competition
The Convoluted Regulatory Regime for M&A Assessments in the US
What happens when the goals of antitrust enforcers clash with regulators focused on issues of national security and public interest? A forthcoming book by Ioannis Kokkoris, Public Interest Considerations in US Merger Control, explores these tensions in the United States regulatory framework.
Antitrust and Competition
Was Microsoft’s “Polluted Java” a presumptively legal improved product design?
Section 2 defendants often interpret the holdings of the United States Court of Appeals for the District of Columbia in U.S. v...
Income Inequality
Income Inequality May Worsen the Spread of Infectious Disease
Income inequality may exacerbate the spread of infectious diseases. In a new paper, Jay Bhattacharya, Joydeep Bhattacharya, and Min Kyong Kim examine the relationship between income inequality and the incidence and prevalence of tuberculosis across countries.
Antitrust and Competition
The Classic Theory of Albert O. Hirschman Argues Against the US Chamber’s Case for Non-Competes
Drawing on the theory of Albert O. Hirschman’s Exit, Voice, and Loyalty, Brian Callaci argues non-compete clauses stifle the important channels of communication between employees and businesses necessary for improving firm competitiveness. The evidence also shows that, despite claims from businesses, non-competes harm rather than reward employees for their loyalty.
Antitrust and Competition
AI For the Antitrust Regulator
Cary Coglianese lays out the potential, and the considerations, for antitrust regulators to use machine learning and artificial intelligence algorithms.
Antitrust and Competition
Creation over Time in Copyright and Patent
On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.
Event Notes
ESG Standards’ Good, Bad and Ugly
The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.
