Edited by Joseph E. Harrington Jr., University of Pennsylvania, US and Yannis Katsoulacos, Professor of Economics, Athens University of Economics and Business, Greece

’This volume collects a number of original, cutting-edge contributions that take the reader swiftly and easily to the frontier of research on most of the current hot topics in industrial organization, antitrust and regulation. Skillfully edited by two outstanding leaders in the field, the volume will be a precious source for students, researchers and practitioners that need to figure out what research has achieved in recent years on these important policy issues.’- Giancarlo Spagnolo, SITE - Stockholm School of Economics and University of Tor Vergata, Sweden

• Contents:IntroductionJoseph E. Harrington Jr and Yannis Katsoulacos PART I: COMPETITION POLICY AND RELATED ISSUES 1. Switching Costs and Network Effects in Competition PolicyJacques Crémer and Gary Biglaiser2. Corporate Leniency with Private Information: An Exploratory ExampleJoseph E. Harrington Jr3. The Economics of Pending PatentsJohannes Koenen and Martin Peitz4. Testing for the Presence of a Maverick in the French Audit IndustryMarc Ivaldi, Sébastien Mitraille and Catherine Muller5. Optimal Decisions in Two-stage BundlingXeni Dassiou and Dionysius Glycopantis6. Competition Policy and Firm’s DamagesPanagiotis N. Fotis7. Social-Welfare-Enhancing Collusion and TradeGeorge Deltas, Alberto Salvo and Helder VasconcelosPART II: ONLINE SEARCH, ADVERTISING AND TWO-SIDED MARKETS 8. A Note on Vertical Search Engines’ ForeclosureEmanuele Tarantino9. Issues in Online Advertising and Competition Policy: A Two-sided Market PerspectiveEmilio Calvano and Bruno Jullien10. Assessing Unilateral Merger Effects in the Dutch Daily Newspaper MarketLapo Filistrucchi, Tobias J. Klein and Thomas O. Michielsen11. Leadership in Multi-sided Markets and Dominance in Online AdvertisingFederico EtroPART III: REGULATION 12. Bargaining and Collusion in a Regulatory ModelRaffaele Fiocco and Mario Gilli13. Investment and the Strategic Role of Capital Structure in Regulated Industries: Theory and EvidenceCarlo Cambini, Laura Rondi and Yossi Spiegel14. Rethinking Regulatory CapturePer J. Agrell and Axel Gautier15. Can Structural Models be Useful to Understand the Electricity Wholesale Markets? An Application to SpainVítor Marques, Adelino Fortunato and Isabel SoaresPART IV: FINANCIAL REGULATION16. Rebuilding International Financial Regulation and Basel IIIKern Alexander17. The Shock of the Old: The First Financial Crisis of the Twenty-first CenturyGeoffrey Wood18. Fixing Finance: Are We There Yet?Thomas F. HuertasIndex

Edited by Joseph E. Harrington Jr., University of Pennsylvania, US and Yannis Katsoulacos, Professor of Economics, Athens University of Economics and Business, Greece

’This volume collects a number of original, cutting-edge contributions that take the reader swiftly and easily to the frontier of research on most of the current hot topics in industrial organization, antitrust and regulation. Skillfully edited by two outstanding leaders in the field, the volume will be a precious source for students, researchers and practitioners that need to figure out what research has achieved in recent years on these important policy issues.’- Giancarlo Spagnolo, SITE - Stockholm School of Economics and University of Tor Vergata, Sweden

• Contents:IntroductionJoseph E. Harrington Jr and Yannis Katsoulacos PART I: COMPETITION POLICY AND RELATED ISSUES 1. Switching Costs and Network Effects in Competition PolicyJacques Crémer and Gary Biglaiser2. Corporate Leniency with Private Information: An Exploratory ExampleJoseph E. Harrington Jr3. The Economics of Pending PatentsJohannes Koenen and Martin Peitz4. Testing for the Presence of a Maverick in the French Audit IndustryMarc Ivaldi, Sébastien Mitraille and Catherine Muller5. Optimal Decisions in Two-stage BundlingXeni Dassiou and Dionysius Glycopantis6. Competition Policy and Firm’s DamagesPanagiotis N. Fotis7. Social-Welfare-Enhancing Collusion and TradeGeorge Deltas, Alberto Salvo and Helder VasconcelosPART II: ONLINE SEARCH, ADVERTISING AND TWO-SIDED MARKETS 8. A Note on Vertical Search Engines’ ForeclosureEmanuele Tarantino9. Issues in Online Advertising and Competition Policy: A Two-sided Market PerspectiveEmilio Calvano and Bruno Jullien10. Assessing Unilateral Merger Effects in the Dutch Daily Newspaper MarketLapo Filistrucchi, Tobias J. Klein and Thomas O. Michielsen11. Leadership in Multi-sided Markets and Dominance in Online AdvertisingFederico EtroPART III: REGULATION 12. Bargaining and Collusion in a Regulatory ModelRaffaele Fiocco and Mario Gilli13. Investment and the Strategic Role of Capital Structure in Regulated Industries: Theory and EvidenceCarlo Cambini, Laura Rondi and Yossi Spiegel14. Rethinking Regulatory CapturePer J. Agrell and Axel Gautier15. Can Structural Models be Useful to Understand the Electricity Wholesale Markets? An Application to SpainVítor Marques, Adelino Fortunato and Isabel SoaresPART IV: FINANCIAL REGULATION16. Rebuilding International Financial Regulation and Basel IIIKern Alexander17. The Shock of the Old: The First Financial Crisis of the Twenty-first CenturyGeoffrey Wood18. Fixing Finance: Are We There Yet?Thomas F. HuertasIndex

Edited by Joseph E. Harrington Jr., University of Pennsylvania, US and Yannis Katsoulacos, Professor of Economics, Athens University of Economics and Business, Greece

’This volume collects a number of original, cutting-edge contributions that take the reader swiftly and easily to the frontier of research on most of the current hot topics in industrial organization, antitrust and regulation. Skillfully edited by two outstanding leaders in the field, the volume will be a precious source for students, researchers and practitioners that need to figure out what research has achieved in recent years on these important policy issues.’- Giancarlo Spagnolo, SITE - Stockholm School of Economics and University of Tor Vergata, Sweden

• Contents:IntroductionJoseph E. Harrington Jr and Yannis Katsoulacos PART I: COMPETITION POLICY AND RELATED ISSUES 1. Switching Costs and Network Effects in Competition PolicyJacques Crémer and Gary Biglaiser2. Corporate Leniency with Private Information: An Exploratory ExampleJoseph E. Harrington Jr3. The Economics of Pending PatentsJohannes Koenen and Martin Peitz4. Testing for the Presence of a Maverick in the French Audit IndustryMarc Ivaldi, Sébastien Mitraille and Catherine Muller5. Optimal Decisions in Two-stage BundlingXeni Dassiou and Dionysius Glycopantis6. Competition Policy and Firm’s DamagesPanagiotis N. Fotis7. Social-Welfare-Enhancing Collusion and TradeGeorge Deltas, Alberto Salvo and Helder VasconcelosPART II: ONLINE SEARCH, ADVERTISING AND TWO-SIDED MARKETS 8. A Note on Vertical Search Engines’ ForeclosureEmanuele Tarantino9. Issues in Online Advertising and Competition Policy: A Two-sided Market PerspectiveEmilio Calvano and Bruno Jullien10. Assessing Unilateral Merger Effects in the Dutch Daily Newspaper MarketLapo Filistrucchi, Tobias J. Klein and Thomas O. Michielsen11. Leadership in Multi-sided Markets and Dominance in Online AdvertisingFederico EtroPART III: REGULATION 12. Bargaining and Collusion in a Regulatory ModelRaffaele Fiocco and Mario Gilli13. Investment and the Strategic Role of Capital Structure in Regulated Industries: Theory and EvidenceCarlo Cambini, Laura Rondi and Yossi Spiegel14. Rethinking Regulatory CapturePer J. Agrell and Axel Gautier15. Can Structural Models be Useful to Understand the Electricity Wholesale Markets? An Application to SpainVítor Marques, Adelino Fortunato and Isabel SoaresPART IV: FINANCIAL REGULATION16. Rebuilding International Financial Regulation and Basel IIIKern Alexander17. The Shock of the Old: The First Financial Crisis of the Twenty-first CenturyGeoffrey Wood18. Fixing Finance: Are We There Yet?Thomas F. HuertasIndex