In light of the European Commission’s recent initiatives to bolster private antitrust enforcement, this paper discusses the general economic framework for damages estimation, reviews common empirical methods used by economic experts and highlights some of the practical challenges for estimating private antitrust damages.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...