Arguably the most widely used techniques for estimating price overcharges from competition law infringements are the dummy variable and the forecasting approaches using linear regression analysis. While rarely used in practice, in this note we make use of the fully interacted dummy variable...

Despite the risks associated with linear regression, experts often use it in dispute resolution settings. Part 1 of this two-part article illuminates linear regression principles and pitfalls in the context of an actual case and offers related practice pointers. Part 2 demonstrates the use of...

In 2010, Robert M. Lloyd wrote, “In an ideal world, a court would be able to hear the evidence, estimate the plaintiff's damages, and quantify its own confidence that the estimate was accurate.” This article, the second in a two-part series, argues that Bayesian networks can move the legal...

A crucial step in the quantification of damage in the context of damages claims is the estimation of the counterfactual price level: the price level that would have been observed in the absence of the cartel. This article discusses the Difference-in-Differences (“DiD”) estimation procedure...