l Winter-School – CUTS Institute for Regulation & Competition

CUTS Institute for Regulation & Competition



5-16 December 2022

The Winter School represents the first comprehensive effort in India initiated by CUTS Institute for Regulation & Competition ("CIRC") to enhance the understanding of application of economics to competition law. In collaboration with globally renowned organisations, we have organised five offline editions of Winter School in 2013, 2014, 2016, 2018 and 2019 respectively with CRESSE (The Competition and Regulation European Summer School), RBB Economics, NERA Economic Consulting and Economics Partners. In 2020 & 2021, due to the outbreak of COVID-19 pandemic, the sixth & seventh edition of the programme were organised online, led by distinguished competition economists from different parts of the world. The past training programmes have been attended by legal practitioners, representatives from competition authorities, researchers, and academicians, in-house counsels from corporates, non-governmental organisations and students from several countries


We are delighted to announce the 8th edition of our Winter School on Economics of Competition Law scheduled from 5-16th of December 2022. It is a 20-hour training programme, spread over two weeks, with 2-hour sessions each weekday. Led by globally renowned speakers, the sessions of the winter school have been carefully curated to forward discourse on the application of economic tools and analysis in competition law cases. It aims to provide the participants with an understanding of the increasingly important role that economics plays in understanding the markets and assessing the violation of competition law. It strongly focusses on practical examples and direct application of the underlying economic theories and techniques. The themes of the sessions are –
  • Importance of economic evidence in competition law- case studies
  • Cartels- Economic tools and analysis- Theory
  • Cartels- Economic tools and analysis- Case studies
  • Vertical Agreements - Economic tools and analysis- Theory
  • Vertical Agreements- Economic tools and analysis- Case studies
  • Abuse of Dominance- Economic tools and analysis- Theory
  • Abuse of Dominance - Economic tools and analysis- Case studies
  • Mergers & Acquisitions- Economic tools and analysis- Theory
  • Mergers & Acquisitions - Economic tools and analysis- Case studies
  • The use of consumer surveys in competition case analysis


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 into 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. The themes of the sessions cover evolving jurisprudence. Case studies, decisions and approaches from the US, EU and other developed as well as developing countries will be discussed within a common analytical framework strongly based on economic theory. Contemporary issues related to importance of economic evidence in competition law, Economic tools and analysis in cartels, vertical agreements, abuse of dominance and Mergers & Acquisitions, and use of consumer surveys in competition case analysis, etc. will be analysed in an informed manner.


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.

Frederic Jenny is professor of Economics at ESSEC Business School in Paris. He is Chairman of the OECD Competition Committee (since 1994), and Co-Director of the European Center for Law and Economics of ESSEC (since 2008). He was previously Non-Executive Director of the Office of Fair Trading in the United Kingdom (2007- 14), Judge on the French Supreme Court (Cour de cassation, Economic Commercial and Financial Chamber) from 2004 to August 2012, Vice Chair of the French Competition Authority (1993-2004) and President of the WTO Working Group on Trade and Competition (1997-2004). Professor Jenny holds a Ph.D. in Economics from Harvard University (1975), a Doctorate in Economics from the University of Paris (1977) and an MBA degree from ESSEC Business School (1966).
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Rhonda Smith is a Senior Lecturer in the Economics Department at the University of Melbourne. From November 1995 to November 1998 she was a Commissioner with the Australian Competition and Consumer Commission. She was also a member of the Federal Government's Copyright Law Reform Committee (1995 to 1998) and is currently a member of the Copyright Tribunal and a lay member of the High Court of New Zealand. Rhonda has acted as an expert witness in a number of Trade Practices cases, has advised firms in relation to trade practices issues and provides training in relation to the economics of trade practices, including to the ACCC
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Giacomo Calzolari (Ph.D. University of Toulouse, 2001) joined the Institute in September 2018 from the University of Bologna. He is Research Fellow at the Centre for Economic Policy Research (CEPR). He has published in top international journals such as American Economic Review, Rand Journal of Economics, International Economic Review, Games and Economic Behavior, Journal of Financial Intermediation, Review of Financial Studies, and Journal of Economic Theory. He has been conferred the Young Economist Award of the European Economic Association and the 2014-Best paper award by the Association of Competition Economics. He is co-editor of the International Journal of Industrial Organization, European Economy – Banks, regulation, and the real sector, and Labour: Review of labour economics and industrial relations. He is a member of the steering committee of the European Association of Industrial Economics, the Association of Competition Economics and the Economic Advisory Group on Competition Policy of the European Commission. His current research interests include competition policy, economics of regulation, industrial organization, banking regulation and supervision and the economics of incentives.
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Anna Barker is a Competition Expert in the Competition Division of the Organisation for Economic Cooperation and Development (OECD). In this role she has focused on competition issues associated with the use of consumer data and digital advertising. Before this, she worked for the OECD’s Committee for Consumer Policy on measuring consumer detriment, behavioural insights and online disclosures, consumer issues associated with online advertising, the digital economy and the smart home, and consumer trust in the sharing economy. Prior to the OECD, Anna worked at the Australian Competition and Consumer Commission, where she held various roles over a period of nine years. She has also worked for the Office of Gas and Electricity Markets in the UK, and the Productivity Commission and Queensland Treasury in Australia. Anna holds a First Class Honours degree in Economics, and a Master’s degree in Competition and Consumer Law
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GMT Economics is led by Dr Claudio Calcagno. Claudio is a trained economist who specialises in applying microeconomics to competition cases. He has advised clients on over 90 matters, including market studies and investigations, mergers, abuse of dominance, vertical and horizontal agreements, competition appeals, regulatory investigations, State aid, and private litigation. Since starting to work as a professional economist in 2004, he has held senior roles at leading economic consultancies before founding GMT Economics in 2021. Over the years, he has had the privilege to work with, and learn from, a large number of national and international law firms, as well as corporations ranging from relatively small family businesses, to FTSE 100 companies, to multi-billion dollar businesses, hailing from a vast array of sectors. He has worked on matters before the UK Competition and Markets Authority (and its predecessors), several UK sector regulators, the UK Competition Appeal Tribunal, the High Court of England and Wales, the European Commission, as well as many national competition authorities and courts across the European Union, the Middle East, Africa, Australasia and the Americas. Claudio has published in international peer-reviewed academic journals, and is a co-author of a leading textbook in competition economics – Exclusionary Practices: The Economics of Monopolisation and Abuse of Dominance. He has presented at major academic conferences and frequently speaks at professional competition policy events. He is also a guest lecturer on competition economics and competition policy topics on several academic and executive education programmes. He has been included in Who’s Who Legal’s list of recommended European competition economists for several years. He holds a PhD Economics from the European University Institute, an MSc Economics from the London School of Economics and Political Science, a BSc Economics from University College London and a PG Dip in EC Competition Law from King’s College London.
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Dr. Giovanna Massarotto is Academic Fellow at the Center for Technology Innovation and Competition (CTIC) at University of Pennsylvania. Her research focuses on antitrust issues as they are related to technologies, with a concentration on blockchain and AI. She is an active scholar who has published a book with Wolters Kluwer and papers in many prestigious journals including the Journal of Competition Law & Economics and the Stanford Computational Antitrust. She has been speaker at the OECD Blockchain Policy Forum and invited to present by several institutions internationally, including the Competition and Markets Authority (CMA) the University of Oxford, The Stanford Center for Legal Informatics-Codex and the Global Antitrust Institute (GAI) in Washington D.C.. Prior to Penn, she taught for Bocconi University and The University of Iowa as an Adjunct Professor. She was also Academic Visitor at the University of Oxford; and ran and taught a program on blockchain for the UCL Center for Blockchain Technology (UCL CBT).
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James is a competition expert in the OECD’s Directorate for Financial and Enterprise Affairs. He conducts research to support the work of the OECD Competition Committee with a particular emphasis on digital competition issues, and contributes to capacity-building efforts for competition authorities. Before joining the OECD, James held consulting roles at PricewaterhouseCoopers as well as NERA Economic Consulting. In these positions, he prepared economic expert reports for antitrust and securities litigation, including damage quantification and class certification matters, as well as policy impact assessments for several governments. Prior to these roles, James was an economist in the Government of Canada’s Department of Finance, where he provided advice on securities regulation in the wake of the financial crisis. James has also worked in the office of a Minister in the Canadian federal government and a utilities regulator. James obtained a Master’s degree in Economics from the London School of Economics.
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Aline Blankertz is an applied economist with ample experience in analysing and developing policies for digital markets. She has worked for the economics consultancy Oxera and the digital policy think tank Stiftung Neue Verantwortung, where she has focused on the intersection of data privacy and competition, data trusts, impacts of the platform economy, algorithms and fairness in e-commerce. She has served as an expert in parliaments and taught courses for EU judges on competition in digital markets. Besides, she is co-founder and co-chairwoman of SINE Foundation that promotes confidential data sharing.
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Dr. Joseph Wilson is a former Chairman and founding Commissioner of the Competition Commission of Pakistan, where he served from November 2007 to November 2016. Dr. Wilson is an adjunct Professor at McGill University’s Faculty of Law, where he teaches International Competition Law, among other courses, and is an independent consultant in competition matters. Earlier, Dr. Wilson served as an Associate Professor of Law at the Lahore University of Management Sciences (LUMS), Pakistan, where he helped set up its law school. He earned Doctor of Civil Law (D.C.L.) with Dean’s Honour List and Master of Laws (LL.M.) degrees from McGill University, and another LL.M. from the University of Georgia, USA. He is a member of the State Bar of New York, USA and Lahore High Court Bar. He serves on the International Advisory Board of the Loyola University Chicago’s Institute for Consumer Antitrust Studies. He has authored a number law journal articles, book chapters, judicial opinions and a book titled “Globalization and the Limits of National Merger Control Laws.
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Ujjwal Kumar is a law graduate from University of Delhi and has been trained on law/policy issues related with multilateral trading system, intellectual property and competition, among other things. His first exposure on these issues came at CUTS International, Jaipur, where he joined as a researcher in 1999. He developed basic understanding of the multilateral trading system under and also got exposure in competition law/policy issues. In 2001, Ujjwal joined Gene Campaign, New Delhi as Policy Analyst, where he developed understanding on law and politics vis-à-vis IP & bio-resources, agriculture, traditional knowledge, and regulation of Genetically Modified Organisms
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Recording of all the sessions would be made available to the participants

5th December  2:20 pm - 3:00 pm IST
9:00 pm - 9:30 pm GMT
Inaugural Session Pradeep S Mehta
Secretary General CUTS International
Dr.Arvind Mayaram
Former Finance Secretary GoI and Chairman, CIRC
3:00 pm - 5:15 pm IST
9:30 am - 11:45 am GMT
Importance of economic evidence in competition law- case studies Frederic Jenny
Chairman, OECD Competition Committee
6nd December
10.00 am - 12:15 pm IST
4:30 am- 6:45 am GMT
Cartels- Economic tools and analysis- Theory Rhonda Smith
Senior Fellow, Faculty of Business and Economics, University of Melbourne
7th December
10.00 am - 12:15 pm IST
4:30 am- 6:45 am GMT
Cartels- Economic tools and analysis- Case studies Rhonda Smith
Senior Fellow, Faculty of Business and Economics, University of Melbourne
8th December
Vertical Agreements - Economic tools and analysis- Theory

9th December
Vertical Agreements- Economic tools and analysis- Case studies
12nd December 3:00 pm - 5:15 pm IST
9:30 am - 11:45 am GMT
Abuse of Dominance- Economic tools and analysis- Theory Giacomo Calzolari
Economist, European University Institute
13th December
Abuse of Dominance - Economic tools and analysis- Case studies Claudio Calcagno
Director, GMT Economics
14th November 10:00 am-12:15 pm IST
4:30 am - 6:45 am GMT
Mergers & Acquisitions- Economic tools and analysis- Theory Anna Barker
Executive Director, ACCC
15th December 10:00 am-12:15 pm IST
4:30 am - 6:45 am GMT
Mergers & Acquisitions - Economic tools and analysis- Case studies Anna Barker
Executive Director, ACCC
16th December
The use of consumer surveys in competition case analysis

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.

Indian: Fees
Student INR 5,000
Other INR 20,000
International: Fees
Student USD 200
Other USD 400


I am not a robot.


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

Jubilant Life Sciences Ltd, New Delhi

Jubilant generics limited, Noida

Veritas Legal, Mumbai

L & L Patners, New Delhi



Competition Commission of Mauritius

General Authority for Competition, Saudi Arabia