Economic Foundations of Legal Studies
The goal is to understand the role of economists and economics in competition policy and enforcement, the economic theory applicable to antitrust issues, and to apply economic theory to the facts of real antitrust and merger cases. Each week we will study and discuss at least one major case. We will also read relevant economic literature. We will cover the following subjects including introduction to antitrust economics, estimation of cartel damages, economics of cartels, abuse of dominance: rebates, monopolies: market power and loss estimation, market definition, joint venture economics, vertical restraints, free-riding, and intellectual property. Economic Foundations of Legal Studies (Law 108) is a prerequisite for this course.