More than ever competition authorities are relying on economic analysis in their investigations and decision making. Working alongside companies and legal counsels we develop sophisticated economic analysis to explain how competition works in different markets.
Our competition economics practice helps clients establish their case with the competition authorities in a clear, constructive, evidence-rich and decisive way.
We have represented clients on competition issues in front of:
"As one of the premier economic consultancies in the world, it’s no surprise that PwC’s competition economists have worked on an impressive array of big ticket domestic and international matters... PwC’s varied roster comprises state aid, merger, cartel and regulatory work, as well as providing market definition and damages assessment advice."
Our UK competition economists can draw on a wide network of competition experts across the world. And as one of the largest professional services firms globally, we can mobilise economists and industry experts with in-depth local knowledge in any region of the globe.
“The global network available to PricewaterhouseCoopers’ competition economists is one of its greatest assets.”
Innovative and compelling economic evidence can make the difference between a merger or joint venture being approved, remedied or blocked. Identifying what a competition authority is likely to conclude can have numerous important uses at the pre-deal stage for a client.
We can help clients answer important questions such as:
Please see our brochure for full list of merger cases that our economists have provided advice one.
Market studies & investigations in the UK can be initiated by the CMA and sectoral regulators (e.g. FCA, Ofcom, Ofgem, ORR, CAA, Ofwat).
When a market is under the microscope, we use robust economics to break through the market noise in order to get to the key structures and dynamics of competition to inform the authorities’ view from the early phases of an investigation.
We can help clients answer important questions such as:
We have advised companies at the OFT, CC, CMA and other sectoral regulators (e.g. FCA, Ofcom, Monitor, Ofgem, ORR and Ofwat) in many of the most high profile investigations in the UK.
Please see our brochure for a full list of market investigations that our economists have advised on.
Economic analysis is a fundamental component in the assessment of abuse of dominance cases. A variety of practices such as loyalty rebates and discounts, bundling, or refusal to supply might be dictated by efficiency reasons and not necessarily result in harm to consumers.
Others, such as predation, margin squeeze or foreclosure could only harm consumers if certain conditions are met. This has driven the need for sophisticated economic analysis to distinguish between pro-competitive and anti-competitive effects, and any impact on final consumers.
We can help clients answer important questions such as:
Our economists have worked on prominent abuse of dominance cases including European Commission’s investigations in margin squeeze in telecoms, loyalty rebates in air transport, predation, and foreclosure of online markets.
Please see our brochure for a full list of abuse of dominance cases that our economists have advised on.
Vertical agreements between suppliers and distributors may take many forms, such as exclusive agreements or setting prices at which retailers can resell a product. We help analyse the effects of vertical agreements to determine whether an agreement is, on balance, pro-competitive or anti-competitive. We also advise on the applicability of sector-specific block exemptions.
We assist companies to design contractual conditions with trading parties that are competition law compliant, and to explain the effects of an agreement in the course of competition authorities’ investigations.
We can help clients answer important questions such as:
Our economists have advised on vertical issues in various markets including online markets, telecom and airline services.
Please see our brochure for a full list of vertical agreement cases that our economists have advised on.
Cartels are being pursued aggressively across the world. We use economic analysis to assess whether there is any evidence of cartel effects, to quantify the impact of any anti-competitive practices as part of a mitigation strategy for fines, and/or for use as evidence in any subsequent appeals and/or damages litigation.
We can help clients answer important questions such as:
Our competition specialists have extensive experience of providing expert testimony in cases involving alleged anti competitive collusion and can be supported by forensic technology specialists who can quickly interrogate vast email and voice correspondence archives to determine whether existing evidence can corroborate a suspicion that a breach of competition law has taken place.
Please see our brochure for a full list of collusive anticompetitive cases that our economists have advised on.
Our economists have helped several clients in private actions and follow on damages claims. We have provided robust expert testimony on the effects of the anti-competitive conduct, the relevant counterfactual absent the alleged anti-competitive behaviour, the quantification of any harm, and the extent to which claimants have passed on the harm (e.g. by means of higher prices) down the supply chain.
We can help clients answer important questions such as:
Our competition specialists have provided expert witness testimony on damages litigation in various territories including UK High Court and European Commission.
Please see our brochure for a full list of litigation and damages cases that our economists have advised on.
Analysing State aid requires a broad set of economic, financial, and accounting skills. It is also crucial to have an understanding of how the EU Commission’s regulations and process work in order to maximise influence. Our team has supported a number of high profile cases navigate this complex area.
We can help clients answer important questions such as:
Our competition specialists have substantial experience in advising clients in both private and public sector on state-aid matters.
Please see our brochure for a full list of state-aid cases that our economists have advised on.