Industry committee  That is a good question. First of all, I want to mention that even in the U.S., despite the overall increasing R and D, when you detrend this information, you still see that there has been a decline in investment in both tangible assets and R and D. Unfortunately, Canada has be

Industry committee  I believe that the existing focus on efficiency is a bit weird because, first of all, when you think about efficiency gains, they apply first and foremost to the company owners or the shareholders and, if anything, these gains might hurt consumers and perhaps lead to some employm

Industry committee  Right.

Industry committee  Correct. Essentially, what ends up happening is that even an efficient merger is not a guarantee that the merged entity will not exercise its market power in the long term. In fact, both can happen.

Industry committee  I think additional barriers to entry can relate to anything that reduces the burden on the small firms, because if you think about regulation, if you think about even the current environment of increasing inflationary pressures and labour shortages, all of that affects small corp

Industry committee  Overall, yes. More analysis is needed to figure out why exactly this happens, but overall, yes, a concentrated telecom industry that also controls infrastructure and potentially maybe also controls some information can create barriers to entry for others.

Industry committee  Absolutely. The increase in inflation and prices has affected firms of all sizes, but I believe that large corporations can weather it much better and use their potential relative purchasing power to—

Industry committee  Are you asking about specifically mitigating inflation and transferring the increase in prices onto consumers or...a broader question?

Industry committee  Absolutely. I think it feeds into this bigger picture that points to structural change and the increasing power of large corporations that needs to be somehow addressed. This is a great question, but not an easy one to answer. I believe the solution has to stem from multiple chan

Industry committee  Thank you so much. I appreciate the invitation to attend this meeting and the opportunity to speak today in front of the committee members. My name is Dr. Yelena Larkin, and I am an associate professor of finance at the Schulich School of Business at York University. I study iss

Industry committee  When it comes to the U.S., I just have the numbers from the Sherman Act, which the Department of Justice uses, and they have also been quite low. In fact, there have been years in which they had zero cases, so it's been quite low in the U.S.

Industry committee  Overall, the nature of our study is more descriptive. We do find that companies are getting bigger. By the way, I want to make just a minor remark. It doesn't necessarily mean that investors shy away from Canadian markets. The overall market has remained stable, so there is still

Industry committee  Thank you so much. I appreciate it. From the research standpoint, several big markets were examined, the U.S. in contrast to the European. Overall, the conclusion is that U.S. markets are characterized by very lax enforcement, starting with President George W. Bush and up until

Industry committee  Thank you so much. I think the broad framework within which the Competition Bureau operates is correct. Every merger, for example, has its benefits and its costs, so you evaluate the net benefits to the consumer, and this is what you go with. What I feel is happening is that th

Industry committee  Yes, thank you so much. I agree with a lot of the things that have been said here. This idea of who can gain an efficiency on one side is something that needs to be looked more into, because it's a vague issue. It's hard to interpret, and it's not clear who those benefits of e