In the Australian Journal of Competition and Consumer Law, Christopher Pleatsikas explores the economic arguments in the case of Ohio v. American Express to determine the validity of both arguments and the economic merits of the case. The case involves anti-steering rules that prevented merchants from suggesting to consumers that they use a credit card with lower merchant fees for purchases. Ohio v. American Express was brought to the US Supreme Court during the 2017-2018 term, making it the only major antitrust case decided by The Court during this term. The Court’s decision has potentially broad implications, which may make it more difficult to challenge allegedly anti-competitive conduct.
New research on the use of conjoint surveys with market simulation analysis for damages estimation in consumer protection class action litigation
Market simulations that we have seen used in consumer protection class action litigation apply what is known as the static Nash Bertrand model of competition...