The U.S. Supreme Court has now decided 14 antitrust cases in a row in favor of the defendant. But this does not indicate an embrace of the conservative Chicago School over the moderate Harvard School. To the contrary, on every issue the Court has addressed where those two schools are in...

Research joint ventures involve agreements among firms to engage in joint basic and applied research and development. This Article explores the importance of intellectual property rights in the formation of a research joint venture. The Article first considers the structural advantages afforded...

This paper proposes a new legal rule on predatory pricing based on strategic analysis. The Supreme Court's decision in Brooke with its emphasis on closely analyzing the scheme of predation and recoupment calls for such an analysis. At the same time economic development over the last 20 years of...

This is a brief rejoinder to Kwoka’s response to a review of his 2015 book. I address a few of Kwoka’s responses that warrant brief clarification, followed by a proposed path forward that calls for transparency

This paper discusses the benefits and limitations of several recent trends in the use of economics to analyze antitrust questions. It explains the connection between HHI analysis and merger simulation, and also critically discusses structural estimation and critical loss analysis

The literature on antitrust in an open-economy setting is inconclusive with respect to the role played by trade-balance on the tenor of domestic merger policy. Using a panel data set composed of US merger reviews by industrial sector over the 1997-2001 period, I empirically test the impact of...