Charles River Associates’ Post

We proudly announce that Ali Ilicak, our esteemed economist, has received the "Spring 2024 Thought Leadership Award" by Mondaq in two categories: Antitrust in Germany and Compliance in Turkey. These awards highlight our expertise in economic theory, quantitative techniques, and competition economics. #ThoughtLeadership #Antitrust #Compliance #CompetitionLaw https://lnkd.in/gxJ6F56r

Here we explore and compare the effects of two different behavioral assumptions about the single firm operating in a market for a good. In one case, we assume that the firm is competitive or a price-taker. In the other case, we assume that the firm acts as a monopolist, choosing a point on the demand curve rather than acting as a price-taker. Everything else about the two situations is assumed to be the same. As we can observe in the example, moving from competitive equilibrium to monopoly causes the equilibrium price to rise, the equilibrium quantity to fall, and there is also a loss of efficiency with the emergence of deadweight loss. To join our preparatory program for higher studies in Economics, please apply here: https://lnkd.in/dux8_yAi #economics

"Building LLMs is probably not going be a brilliant business" (https://shorturl.at/i17OW) JK--Good discussion of the market structure of the emerging LLM ecosystem. The economics major in me responds to this sort of incisive analysis.

Vibrant Views: Closing the say-do gap for more powerful insights. One of the most common gripes of market research is the say-do gap: the difference between what someone ‘says’ they will do, versus what they actually ‘do’. At Vibrant, we view what people ‘say’ and ‘do’ as equally valuable, and believe in this being overlaid with behavioural economics / known principles of behaviour. In this recent case study, we take a look at how we can get closer to reality when testing new concepts. https://lnkd.in/gu7SSfMC #insightsforgood #researchforgood #conceptesting

Thank you Viktoria (Vicky) Robertson and Magali Eben for hosting this wonderful workshop. It was not just a great opportunity for me to showcase my forthcoming article, but also a fantastic forum for sharing thoughts and ideas around the ‘relevant market definition’ - in particular three common themes transpired from our discussions: 1) the need for clear (legal) definitions 2) use (or lack) of empirical data in the assessment, and 3) for what purpose do we define the relevant market. Think there is at least scope for one more paper in this - and certainly also another workshop😉

At Hubbard Decision Research, we specialize in helping organizations measure intangibles that often seem impossible to quantify—like risk, value, and performance. Our Applied Information Economics (AIE) process turns uncertainty into clear, actionable data. Want to learn how? Visit: https://lnkd.in/eQ3b3U8 #RiskManagement #QuantitativeAnalysis #DataScience #BusinessStrategy #AIE #DecisionMaking

Our take on the future of the Consulting and advisory industry: Consultants must stay up-to-date on emerging market trends, world economics, and geopolitics. Despite this, the industry will maintain a personalized approach, especially for high-value transactions. While small ticket transactions may utilize AI-generated assistance, personalized advisory services will dominate beyond a certain transaction volume threshold. #Consulting #Advisory #FutureTrends #PersonalizedServices #sovrinti

Cezar Petrescu has been our colleague at Issue Monitoring for 3 years, and you might "recognize" him from the economic analysis in our weekly newsletter, "Fiscolitic." Explore Cezar's impressive educational path, starting as a standout graduate from Babeș-Bolyai University with a major in International Relations and European Studies. His intellectual pursuit didn't end with his first degree. Cezar went on to refine his skills in merging political savvy with economic expertise at the Faculty of Economic Sciences and Business Administration. 🔍 Today, Cezar thrives in a dynamic role that demands a deep understanding of diverse sectors, from taxation to European policies, and from the financial-banking landscape to labor regulations. 💡 At Issue Monitoring, Cezar’s analytical prowess ensures that the private sector and civil society stay ahead of the curve, fully aware of the latest societal and economic shifts. He is not just a specialist; he's a strategic interpreter of complex realities, making the intricate world of economics and politics accessible and relevant. 𝐖𝐡𝐚𝐭 𝐟𝐮𝐞𝐥𝐬 𝐡𝐢𝐬 𝐩𝐚𝐬𝐬𝐢𝐨𝐧? The thrill of dissecting how public policies shape economies and societies. #issuemonitoring #legislativemonitoring #meettheteam

Delighted that my paper “Does competition increase pass-through?” has just been published in the RAND Journal of Economics. Conventional wisdom in economics is that a industry-wide cost increase is passed on to product prices more strongly in a more competitive market. Policymakers often interpret limited cost pass-through as being indicative of a poorly functioning market. My paper shows how this pass-through logic gets reversed when companies experience capacity constraints. Under tight market conditions, even a monopolist can have higher cost pass-through than would arise under perfect competition. This point has wider implications including for the “passing-on defense” in antitrust economics and for how carbon prices get passed through the value chain in different emissions-intensive sectors. Open access here: https://lnkd.in/eC6bdQms

The European Commission has announced the appointment of Professor Emanuele Tarantino as the new Chief Competition Economist at the Directorate-General for Competition, underscoring the organization’s commitment to fostering fair competition across the single market... #antitrust #lawyerlife #europeanpolitics #competitionlaw #economy #singlemarket #antitrustlaw #europe