Expert Competition Economics Consultancy for Merger Reviews and Antitrust Cases
Economic evidence now plays a central role in competition cases. As markets become more complex and digital, competition authorities increasingly rely on economic tools. This applies across mergers, antitrust, and State aid.
At Copenhagen Economics, our competition team helps clients build clear, evidence-based arguments grounded in robust economic analysis. We work with companies, legal teams, and public authorities on:
Merger reviews
Horizontal and vertical agreements
Abuse of dominance investigations
State aid cases
Market studies and regulatory reform
Merger control
We help companies considering a merger to identify and assess competition risks early. When the European Commission or national authorities investigate a merger, we support the parties throughout the review. This includes defining relevant markets and assessing how the merger is likely to affect competition.
Antitrust
We support clients in cases involving a wide range of conduct. This includes alleged abuse of a dominant position and agreements between competitors or between firms at different levels of the supply chain. Our analysis helps clients understand and document the competitive effects of their conduct before the European Commission, DG COMP, and national authorities.
State aid
We advise private companies, public authorities, and state-owned companies on matters of State aid. Our team combines economics and corporate finance with specialised sector knowledge in energy, postal services, and telecoms. We present rigorous analysis in a clear and accessible way, so it can stand up to scrutiny from authorities and courts.
State aid
New regulation can change how markets work. We aid private and public clients in estimating the effects of regulatory reforms on competition and consumers. Our market studies provide evidence for policy debates, where the standard of proof is rising.
REgulatory reform and market studies
New regulation can change how markets work. We aid private and public clients in estimating the effects of regulatory reforms on competition and consumers. Our market studies provide evidence for policy debates, where the standard of proof is rising.
our methods
Competition authorities often send complex, data-heavy requests. Our quantitative experts help clients and legal teams respond fully and on time. We use a mix of established and newer methods, including:
• Survey-based analysis
• Catchment area analysis
• Advanced econometric techniques
We help our clients with
-
We assist clients with screening for potential concerns that the competition authorities might have. We provide economic support throughout merger investigations, for example by defining the relevant market, assessing market and efficiency effects, and documenting the effect of commitments.
We assist companies contemplating mergers and acquisitions by providing analytical support to help them understand competitive implications and regulatory risks before they materialise. We regularly employ well-established and novel tools, from survey-based analyses and ‘catchment’ areas, to advanced econometric techniques.
-
We assist private clients with screening and measuring the economic consequences for consumers and competition of commercial activity from dominant firms or commercial agreements, for example pricing and rebates. This may be carried out either when a case has been opened or as a precautionary compliance initiative.
-
We help European public or private clients determine whether financial support to commercial activities constitute state aid or not using the market investor test or whether it may be allowable due to the balance test.
-
We help private and public clients to estimate the impact of regulatory change on competition, providing information that may be used to argue for the introduction or removal of certain regulation.
RECENT WORK
insights
CONTACT US
CONTACT PERSON
CLIENT CASES
-
![A close-up view of stacked wood logs with visible circular growth rings and cracks.]()
Acquisition of Junnikkala sawmills by Stora Enso
Assessing the competitive effects of Stora Enso’s acquisition of Junnikkala in Finnish wood procurement markets, contributing to unconditional merger clearance after a Phase II review.
-
![Close-up of a metallic sculpture with circular and curved cutouts, illuminated and casting shadows.]()
STATE AID COMPLAINT AGAINST FINNISH PUBLIC SERVICE MEDIA’S USE OF VIDEO AND LEARNING MATERIALS
Evaluating how financial transfers from a regulated monopoly may distort competition beyond pricing in adjacent gas markets.
-
![Many people walking up and down a staircase inside a building with concrete walls.]()
THE COMPETITIVE EFFECTS OF GASUM’S CROSS-SUBSIDISATION
Evaluating how financial transfers from a regulated monopoly may distort competition beyond pricing in adjacent gas markets.
-
![A hand holding a small black rectangular stamp with a white stripe on it, above a white surface with a series of parallel lines.]()
COLLABORATION IN THE NORDICS: CREATING A PAYMENTS POWERHOUSE
Supporting the Vipps-MobilePay transaction with data-driven analysis of market concentration, ownership links, and competitive effects.
EXPLORE ALL OUR SERVICES
-
We help clients build and convey the best economic argument when engaging with the competition authorities.
-
We help clients secure critical supply chains and build resilient defence capabilities through expert economic analysis.
-
We help clients build the best possible economic argument and communicate it to courts and arbitrators.
-
We help you tackle economic and regulatory challenges related to the green transition with deep expertise in energy economics, regulation, and policy.
-
We help clients with the economics of value-based healthcare and advocacy in life sciences.
-
We help clients navigate financial and macroeconomic complexity through data-driven analysis of markets, regulation, and investment strategies.
-
We provide independent economic analysis to decision-makers in mining and land-use intensive sectors.
-
We help clients understand, predict, and solve problems within postal and delivery markets.
-
We help private and public clients in preparing State aid notifications, assess the existence of aid, and quantify damages resulting from unlawful State aid.
-
We help clients when organising or bidding on tenders and auctions.
-
We help telecoms, media, technology, and digital clients to build and communicate their best economic arguments.
-
We help clients by quantifying the economic value of various kinds of intellectual property and intangible assets.
-
We help clients quantify the economic value of companies, shares, assets and IP for disputes and/or strategic purposes.