Although both in US antitrust and European competition law there is a clear evolution to a much broader application of "rule of reason" (instead of per-se rules), there is also an increasing awareness of the problems of a case-by-case approach. The "error costs approach" (minimizing the sum of...

This paper presents a paper for producing a probability forecast of a turning point in U.S. economy using Composite Leading Indicators. This methodology is based on classical statistical decision theory and uses information-theoretic measurement to produce a probability. The methodology is...