Nicolas Petit @competitionprof.bsky.social · 27/12/2024On the contrary, the investment commitment remedy solves 2 incentives problems well known from competition economists - below is Sir John Vickers’ keynote at ACE 1/n 100
Nicolas Petit @competitionprof.bsky.social · 27/12/2024The first problem is the classic risk of ex post opportunism w/ incomplete regulatory contracts 2/n 100
Nicolas Petit @competitionprof.bsky.social · 27/12/2024The second problem is the known issue of remedy opportunism that arises when merging parties fail to maintain assets pending divestiture 3/n 100
