Charles River Associates International (CRA) (Brussels)

Raphaël De Coninck

Charles River Associates International (CRA) (Brussels)
Vice President

Raphaël De Coninck heads the Brussels office of the global economic consulting firm Charles River Associates (CRA). He provides expert economic evidence and testimony in all competition matters, leading teams of economists at the forefront of merger, antitrust and damages analysis. He has worked on many of the landmark European competition cases of the last two decades. In addition to European Commission matters and multi-jurisdictional filings, he has provided expert economic evidence in Belgium, the United Kingdom, France, the Netherlands, Spain, Switzerland, and the United States. His experience spans a wide range of products and industries, including in the technology sector, pharmaceuticals, consumer products and retail, transport, telecoms, energy, basic industries, financial services, media and entertainment. Prior to joining CRA, Raphaël De Coninck was a member of DG Competition’s chief economist team at the European Commission. While at the Commission, he contributed to major competition policy initiatives, including the European Commission’s Best Practices for Economic Submissions and Data Collection in Merger and Antitrust Cases, and the European Commission’s Practical Guide on the Quantification of Antitrust Damages. Raphaël has published numerous articles on the economics of competition, covering in particular horizontal and non-horizontal mergers, the impact of mergers on innovation, market definition, exclusionary conduct, excessive prices, standard essential patents, bargaining power and antitrust damages estimation. Raphaël De Coninck holds a Ph.D. in economics from the University of Chicago and degrees in law and in economics from the University of Liège, Belgium. He has been a post-doctoral fellow at New York University and taught at the University of Chicago and the Free University of Brussels (ULB).


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Raphael De Coninck, CRA
Raphaël De Coninck 25 mars 2014 Washington DC


4465 Bulletin

Raphaël De Coninck Excessive Prices : An overview of EU and national case law


One fundamental difference between the European and American approaches to unilateral conduct relates to the treatment of exploitative conduct, including excessive prices. While the mere charging of monopoly prices is not unlawful under US antitrust law, which recognizes high prices as an important element of the free-market system that rewards innovation, exploitative practices by a dominant company are in principle considered abusive under EU law, even if the exploitative conduct is not accompanied by other anticompetitive practices.

Damien Neven, Hans Zenger, Raphaël De Coninck The EU Commission develops a novel theory of harm based on the effect of the transaction on the bargaining power of the new entity (Universal Music Group / EMI Music)


This article has been nominated for the 2014 Antitrust Writing Awards. Click here to learn more about the Antitrust Writing Awards. Mergers and bargaining power : back to the future ? Insights from the Universal/EMI merger* The decision to approve the acquisition of EMI’s recorded music (...)

Augustijn Van Haasteren, Cyril Hariton, Krisztian Kecsmar, Pablo Asbo, Polyvios Panayides, Raphaël De Coninck The EU Commission approves, subject to conditions, an acquisition in the Belgian electricity market (EDF / Segebel)


EDF/Segebel (SPE) - More power to boost competition in Belgian energy markets* I. Introduction In September 2009, the Commission received a notification of a proposed concentration whereby Electricité de France (« EDF ») would acquire from Centrica, a UK energy company, a 100% stake in (...)

Miriam Driessen-Reilly, Polyvios Panayides, Raphaël De Coninck The EU Commission accepts, subject to conditions, a takeover of a company in the electricity sector (EDF / British Energy)


I. Introduction On 24 September 2008, following ongoing talks with British Energy, EdF announced that it had agreed a takeover of the company for the sum of £12.5 billion. On 3 November 2008, given that the transaction had a Community dimension within the meaning of the Merger Regulation, (...)

16068 Revue

Jorge Padilla, Olivier d’Ormesson, Raphaël De Coninck Quantifying damages in civil proceedings : Can economists and should competition authorities help ? (New Frontiers of Antitrust Conference - Paris, 11 February 2011)


This second roundtable of the conference "New frontiers of Antitrust", Paris, 11 February 2011, is dedicated to the Quantifying damages in civil proceedings. In his contribution, Raphael de Coninck, member of the Chief Economist to the European Commission, presents several methods and (...)

Raphaël De Coninck Estimating private antitrust damages


A la lumière des initiatives récentes menées par la Commission européenne pour favoriser le développement des actions privées en dommages et intérêts pour infraction au droit de la concurrence, cet article introduit le cadre économique général pour l’estimation des dommages, expose les (...)



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