English to Portuguese Other Economics

An approach frequently used when estimating initial overcharges is to compare prices over time on the same market, i.e. before-during-after comparison. The comparator market is the exact same product market, but analysed at different points in time. The underlying assumption is that the product market in question in the non-infringement period provides a good approximation of the situation that would have prevailed on the product market if no infringement had happened during the period of infringement. This assumption may be wrong because, in a practical sense, there is no comparator market irrespective of geography or product **to account for an additional element of isolation in relation to the effect stemming from the infringement