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Introduction&Joseph E. Harrington Jr and Yannis Katsoulacos 1

PART Ⅰ COMPETITION POLICY AND RELATED ISSUES 13

1 Switching costs and network effects in competition policy&Jacques Cremer and Gary Biglaiser 13

2 Corporate leniency with private information： an exploratory example&Joseph E.Harrington Jr 28

3 The economics of pending patents&Johannes Koenen and Martin Peitz 49

4 Testing for the presence of a maverick in the French audit industry&Marc Ivaldi， Sebastien Mitraille and Catherine Muller 75

5 Optimal decisions in two-stage bundling&Xeni Dassiou and Dionysius Glycopantis 95

6 Competition policy and firm’s damages&Panagiotis N.Fotis 116

7 Social-welfare-enhancing collusion and trade&George Deltas， Alberto Salvo and Helder Vasconcelos 140

PART Ⅱ ONLINE SEARCH， ADVERTISING AND TWO-SIDED MARKETS 163

8 A note on vertical search engines’ foreclosure&Emanuele Tarantino 163

9 Issues in online advertising and competition policy： a two-sided market perspective&Emilio Calvano and Bruno Jullien 179

10 Assessing unilateral merger effects in the Dutch daily newspaper market&Lapo Filistrucchi， Tobias J.Klein and Thomas O.Michielsen 198

11 Leadership in multi-sided markets and dominance in online advertising&Federico Etro 214

PART Ⅲ REGULATION 237

12 Bargaining and collusion in a regulatory model&Raffaele Fiocco and Mario Gilli 237

13 Investment and the strategic role of capital structure in regulated industries： theory and evidence&Carlo Cambini， Laura Rondi and Yossi Spiegel 259

14 Rethinking regulatory capture&Per J. Agrell and Axel Gautier 286

15 Can structural models be useful to understand the electricity wholesale markets？ An application to Spain&Vitor Marques， Adelino Fortunato and Isabel Soares 303

PART Ⅳ FINANCIAL REGULATION 327

16 Rebuilding international nancial regulation and Basel Ⅲ&Kern Alexander 327

17 The shock of the old： the frst financial crisis of the twenty-first century&Geoffrey Wood 343

18 Fixing finance： are we there yet？&Thomas F.Huertas 361

Index 375