This paper considers and discusses the effects of personalized pricing, focusing on the issues of consumer welfare and discrimination costs. Following the framework of price discrimination theory, we can say that the firms utilizing consumer big data ultimately aim at first-degree price discrimination in the long run while we will observe first the...
This paper estimates a multi-level demand system based on Hausman, Leonard and Zona (1994) and apply the results to delineate the antitrust market for soft drinks regarding the KFTC¡¯s cartel case in 2009. The results show that the market definition should be narrower than the soft drink as a whole, which is in contrast with the claim made by the KF...
We analyze competition between platforms under asymmetric access costs. Agents that belong to one platform do not pay access costs, but agents that participate in other platforms pay a positive access cost. An example is competition between application stores for mobile smart phones, because application users can pay for additional access costs to ...
We provide an overview of recent developments in the antitrust debate in the United States. Chief among the developments is the emergence of the New Brandeis Movement. It has been widely argued that global planforms such as Google, Amazon, Facebook and Apple gained substantial monopoly power, while it is equally arguable that the current Antitrust ...
This study covers Singapore Competition Law, which is one of the most active and advanced jurisdictions in terms of competition law enforcement. This study is meaningful for the following reasons: first, examining the system, provision, and cases of the Singapore Competition Law is quite significant in theoretical side\; second, due to its upper ra...
Today, online platforms provide a \'search service\' so that consumers can easily decide whether to purchase or not through the \'ranking\' of goods and product suppliers. However, the probability that a certain product is actually clicked depends on where it is located in the search rankings in many cases. This may influence a significant impact o...
The system in which a suspected undertaking under investigation or deliberation voluntarily suggests to the KFTC a corrective plan before receiving sanctions after MRFTA and the KFTC closes the case when it accepts such voluntary measure. It is called the consent decision system. The consent decision has some advantages such as securing rapid means...
The overall revision of the Monopoly Regulation and Fair Trade Act (MRFTA) in Korea was passed at the National Assembly plenary session on December 9, 2020, and will be implemented from December 30, 2021. This overall revision is the first in 40 years since the MRFTA was enacted and enforced in 1980. Subordinate statutes such as the enforcement dec...
¡°Self-preferencing¡± by vertically-integrated online platforms(¡°VOPs¡±) currently comes under fierce scrutiny by competition authorities around the world. In a digital ecosystem, these VOPs assume a dual role both as a ¡°rule maker¡± with their power to design search algorithms and at the same time as a ¡°player¡± in downstream markets. While VOPs\' incen...
Although dawn raids have become a primary investigation tool of the Korea Fair Trade Commission (¡°KFTC¡±), there still remain uncertainties over their legal nature as well as their workings and limitations when employed in practice. Against this backdrop, this study aims to define the legal nature of the KFTC\'s dawn raids and their procedures and l...