CRA economists provided economic analyses and testimony on behalf of the Competition Bureau in its litigation regarding the exclusionary practices by the Toronto Real Estate Board (TREB). The long-running case, involving one of the largest real estate markets in North America, dates to 2011. The Competition Tribunal ruled in favor of the Bureau which sought to prohibit TREB’s rules that limited the information that real estate agents could use and show their clients on the agents’ password protected websites referred to as Virtual Office Websites (VOWs). CRA’s expert, Gregory Vistnes, showed that VOWs represent an important form of dynamic competition which will ultimately benefit consumers.
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...