A growing body of academic work has found that corporate margins around the world are increasing and there is an ongoing debate about what this should mean for antitrust enforcement. We think the debate that followed the Chief Economist’s intervention at the CRA conference tends to conflate four distinct questions: i) actual trends in margins/profitability; ii) the causes for this phenomenon; iii) whether weak antitrust enforcement might be to blame; and iv) whether higher margins (whatever their cause) point to the need to tighten merger enforcement.
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...