Cristina Caffarra Keystone Strategy


Cristina Caffarra is a Partner at Keystone and co-leads the firm’s joint venture in Europe. She heads Keystone’s economic consulting practice in the European markets and works closely on antitrust, competition, and digital regulation issues with clients across the globe. With a focus on the digital economy and high-growth sectors, she leverages the firm’s triad of skills across economics, technology, and strategy to address growing demand from clients for interdisciplinary advisement. Cristina Caffarra has over two decades of experience in competition economics, with a focus on platforms and the digital economy. She has provided expert advice and economic analysis to both companies and government agencies, including several landmark cases before the European Commission and various other courts worldwide. Her experience includes matters for high tech companies such as Google, Microsoft, Apple, Amazon, and many others. Her expertise also extends to merger control, assessment of vertical restraints, evaluation of abusive conduct, and several other competition and antitrust issues. She has worked for research institutions worldwide and sits on the Editorial Board of the European Competition Journal, as well as on the Advisory Board of the Journal of European Competition Law & Practice (OUP). She also lectures in competition economics as an Honorary Professor at UCL and has published articles for competition journals as well as presented papers on the economics of competition law at numerous international and academic conferences. Additionally, she is an Associate Fellow of the Centre for Economic and Policy Research (CEPR) in London and Deputy Director of the CEPR Competition Research Policy Network. Cristina Caffarra holds a PhD in Economics from Oxford University.

2023 Awards

2022 Awards

2020 Awards


Winner, 2022 Antitrust Writing Awards: Business, Unilateral Conduct

Nominee, 2022 Antitrust Writing Awards: Business, Digital

Winner, 2020 Antitrust Writing Awards: Business, Economics

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