CIRC | NERA 4th Winter School on Role of Economics in Competition Law

4th edition of Winter School on Role of Economics in Competition law

The current 4th edition of the Winter School on Role of Economics in Competition law is being organised by CIRC in association with NERA Economic Consulting. The winter school aims to provide the participants with an understanding of the increasingly important role that economics plays in competition law and the relevance of economic analysis to a particular competition law case. It strongly focusses on practical examples and direct application of the underlying economic theories and techniques.

Winter Schools on Role of Economics in Competition Law 2013, 2014, 2016

The Winter School represents first comprehensive effort in India initiated by CUTS Institute for Regulation & Competition to enhance the understanding of Competition Law in India and other developing countries.
In collaboration with globally renowned organisations, CIRC has organised three editions of Winter School in 2013, 2014 and 2016 respectively with CRESSE (The Competition and Regulation European Summer School), RBB Economics and NERA Economic Consulting. The participants in these Winter Schools have been a focussed group consisting of legal practitioners, representatives from law firms, representatives from competition authorities, researchers, academicians and non-governmental organisations. Participants from competition authorities of India, Malaysia and Tanzania also attended the previous Winter School.

Why join Winter School?

Economics actuates Competition Law and Regulatory Scenario
Markets are becoming increasingly global and the approaches to regulate them more economics based. Modern competition law differs from traditional competition law in that it now reflects the dominance of the economic model of analysing the market structures and behaviour. Competition Economics assumes importance as regulatory and competition authorities have moved to adopt more economics based approaches in analysing business practices and determining anti-competitive behaviour. Even the current policy formulation and consultation takes in to account market dynamics and thus critical to understand these nuances to help better understand the broader picture.
Competition law and policy is sector neutral and thus a better understanding of competition economics equips participants with tools to analyse interplay between complex issues related to competition in all the sectors of economy.

Global Relevance with Local Application
The knowledge acquired through this Winter School will be relevant regardless of the jurisdiction in which you work. Case studies, decisions and approaches from the US, EU and developing countries will be discussed within a common analytical framework strongly based on economic theory. Contemporary issues related to predatory pricing, abuse of dominance, online platforms, network effects, economics of merger evaluation, bundling, discounts, etc. will be analysed in an informed manner.

Meet Your Lead Mentors

Trainers have diverse experience working in academic, regulatory and consultancy setup to explain the underlying economic theories and tools in lecture, case studies and simulation exercises format to bring the concepts to life.

Dr Subramaniam Ramanarayanan

Associate Director, NERA Economic Consulting

He is an Associate Director in NERA’s Antitrust and Health Care practices, and adjunct Associate professor of Competitive Strategy at UCLA Anderson School of Management. His areas of expertise and interest includes industrial organization, health economics, applied microeconomics and econometrics. He is the editor of the ABA publication, Antitrust Source and has written extensively on competition economics. He is also an award-winning MBA professor and teaches courses on Competitive Strategy to MBA students and executives.

Dr Derek Ritzmann

Senior Vice President and Asia-Pacific Lead at Compass Lexecon

Derek Ritzmann is a Senior Vice President in Hong Kong and leads Compass Lexecon’s activities across the Asia-Pacific region. During a career spanning over fifteen years, Derek has worked on a wide range of competition and regulation matters as an economist in both the private and public sectors, including many mergers, anti-competitive agreements, abuse of dominance cases, and economic regulation. Most recently he was the first Chief Economist of the Hong Kong Competition Commission; previously he was the Principal Economist at the Australian ACCC, and a Member of the Chief Economist Team at the European DG COMP. He has also worked in private practice as an economist at two leading consulting firms in Europe and as a competition lawyer in Australia. He holds a Ph.D. in Economics from Oxford University, an M.Sc. in Economics from the LSE, and is a qualified lawyer.

Key Details

NERA has one of the largest in-house teams of economists in the economic consulting world. Our Global Antitrust and Competition Practice employs more than 100 professional economists in offices in North America, Europe, Asia, and Australasia. Clients value our reputation for objectivity, which is based on our expertise and insights from backgrounds in academia, business, and enforcement agencies, and our decades of experience working closely with antitrust and competition authorities around the world.NERA’s antitrust experts employ a combination of economic theory and the latest quantitative techniques, grounded in a thorough understanding of market facts, to provide theoretical and empirical economic analysis and testimony in matters involving mergers and acquisitions, antitrust litigation, and competition policy. We analyze the entire range of economic issues that arise in antitrust cases, including market definition and market power, market structure and entry conditions, and pricing and other conduct affecting competition, profitability, and damages.

The Winter School will help practitioners address questions such as: what is meant by dominance? What economic benefits is competition supposed to produce? How does one define the relevant product and geographical market? Some of the topics include:

Regulating Markets through Competition Law & Policy.
Oligopoly & Game Theory.
Economics of Exclusionary Behavior.
Collusive Behavior & Cartels Detection.
The Economics of Unilateral Effects.
Economics of Exploitative Practices.
Economics of Network Industries & Platform Markets.
Economics of Mergers & Merger Simulation.
Quantitative techniques in Competition Analysis.
Monopoly, Leveraging, and Predatory Pricing.

Specially designed course material will provided which will be include detailed presentations, explanatory readings and latest case studies.

a. Legal Practitioners, Competition Lawyers and Law Firms
Designed especially for lawyers, the course tends to explain the economics in a language the lawyers can understand. From a legal practitioner’s perspective, it is vital to understand and assess the relevance and rigour of the economic analysis so as formulate a strategy regarding specific case. This could include identifying whether the data employed and empirical approach in economic analysis is appropriate, and ascertaining the consistency of assumptions used in economic models with characteristics of industry/sector. The economic concepts and methodical techniques that lawyers working in mergers and competition cases need to know will also be discussed.

b. In-house Counsels at Corporate Entity
This course will help the corporates to understand the economics of competition law in a better way, which will help them to device policies to better their services and products in order to have a better footing in the market while in compliance with law.

c. Competition Authorities and Regulatory Affairs Officials
They will be able to better understand the competition economics and will be well equipped to deal with the competition cases. The applied concepts to be discussed during Winter School will help regulatory officials devise better regulatory approaches in their respective sectors so as to develop a competitive framework.

d. Economic Consultancies
Practitioners working with economic consultancies and economists will get a chance to learn the contemporary literature and will also learn from the top practitioner’s ways to identify and apply best economic model suited to a specific industry.

e. Representatives from Government and International Organisations
The course can prove beneficial for them and help them in understanding the issues related to competition law and policy in India and best international approaches to effectively deal with such situations.

f. Researchers in area of Law, Economics, and Management
The course will teach them the economics behind various tenets of competition law and provide them opportunities to interact with the pioneers in this field. This will equip them with better legal and economic tools to analyse contemporary debates in an informed manner.

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Training Methodology

Training methodology would include stimulating sessions with the participants, ensuring that the learning begins with a modest introduction ensuring conceptual clarity on employing economic analysis in competition law cases. Lectures, case studies, interaction with experts will be used as tools to provide strategic understanding, develop core skills and encourage in-depth knowledge of the dynamics involved. The course material including case studies and readings will be provided to the participants.

Participants from the former Schools:

The previous winter schools have seen an influx of participation from foreign competition authorities, tier-1 law firms, corporate sector, academicians, economists and legal practitioners. Following is the list of entities, from where the participants have taken benefit of this course:

Amarchand Mangaldas & Co., New Delhi

AZB & Partners, New Delhi

Amity University, Noida

Ansal University, Gurugram

Competition Commission of India

Cyril Amarchand Mangaldas

Christ University, Bangalore

CUTS International, Jaipur

Econ One Research, New Delhi

Fair Competition Commission, Tanzania

Gono Bishwabidyalay, Bangladesh

J.Sagar Associates, New Delhi

Malaysian Competition Commission, Malaysia

Nathan Economic Consulting, New Delhi

Nishith Desai Associates, New Delhi

Legal Practitioners

Saint Gobain, New Delhi

SEBI, Mumbai

TMT Law Practice, New Delhi

Trilegal, New Delhi

Past Winter Schools

CIRC-NERA Economic Consulting- Winter School on Role of Economics in Competition Law-2016

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CIRC 2nd Winter School On Role of Economics In Competition Law-2014

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CIRC-CRESSE Winter School on Role of Economics in Competition Law-2013

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Winter School Gallery

Contact Us

Course Coordinator- Saket Sharma, Mob.9015518114
CUTS Institute for Regulation & Competition (CIRC)
1A, First Floor, Khehar Singh Estate, Saidulajab
New Delhi-110 030, India
Ph: +91-11-40197995, 8744966710