In the August 2015 issue of The Antitrust Source, John Woodbury comments on a paper by Gregory J. Werden challenging the outcomes of retrospective studies of mergers and another paper by Justin P. Johnson offering a benign explanation for “loss leaders” when consumers are characterized by bounded rationality. The latter paper in particular is a nice illustration of the nexus between behavioral economics and antitrust. To read the reviews, click the link below.
CRA adds Harvard Business School Professor as Academic Affiliate to Antitrust & Competition Economics Practice
“I am pleased to welcome Feng to CRA,” said Paul Maleh, President and Chief Executive Officer of Charles River Associates. “He is a recognized expert on...