The Economics of Antitrust Injury and Firm-specific Damages

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Kevin Scott Marshall
Lawyers & Judges Publishing Company, 2008 - Business & Economics - 375 pages
The focus of this text is to teach and illustrate the fundamentals of microeconomics as it relates to the administration and enforcement of antitrust laws both domestically and internationally. The chapters instruct as to the fundamentaleconomic constructs relevant to the analysis of antitrust injury, as well as address both legal and economic issues with respect to the measurement of antitrust damages. Each chapter provides the student, practitioner, consultant and/or judicial officer critical insight with respect to the analysis and measurement of competitive injury and any resulting business damages. This book is designed to serve as 1) a companion text in any antitrust law class; 2) a supplemental text in any managerial economics class; and 3) a resource to practitioners and consultants in the field of antitrust and industrial organization.The study of antitrust law is an interdisciplinary endeavor. While the traditional case method approach provides a solid introductory foundation, such an approach, absent any applied economic theory, will likely result in a stale, task-oriented classroom and/or jurisprudential environment, primarily devoted to categorizing an evolving common law history. Given the arbitrarily imposed time constraints imposed by an institutional semester or an administrative judge, one cannot expect to teach or learn all the intricacies of microeconomics, but since an understanding of microeconomics fundamentals will result from an understanding of the underlying assumptions of the model of perfect competition, one can expect to achieve a certain level of competence in their application.Each of the contributing authors is recognized for his or her scholarship and expertise in the antitrust regulatory field. The totality of their varied backgrounds and experiences not only illustrates the robust nature of the book's contents, but also illustrates the profound interdisciplinary nature of regulating competition in the markets of the world.

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About the author (2008)

Kevin S. Marshall, Ph.D., M.P.A., J.D. is an Associate Professor of Law at the University of La Verne College of Law in Ontario, California where he teaches Antitrust and Law & Economics. Dr. Marshall also serves as an Adjunct Professor at the University of La Verne College of Business and Public Administration where he teaches graduate courses in finance and economics. Dr. Marshall received the degree of Bachelor of Arts, cum laude, Phi Beta Kappa, with a major in Economics from Knox College in May 1982. Upon graduating from Knox College, he attended Emory University's School of Law in Atlanta, Georgia, where he was conferred the degree of Juris Doctorate in May 1985. After graduating from law school, Dr. Marshall practiced law for approximately twenty years in Dallas, Texas. The concentration of his practice was in the areas of state/federal civil procedure and commercial litigation, as well as domestic and international competition law. In the fall of 1989, he enrolled in the political economy program at the University of Texas at Dallas. In May 1991, he received the degree of Master of Public Affairs from the University of Texas at Dallas. In December of 1993, he completed his doctoral dissertation entitled Administered Protection: The Political Economy of U.S. Countervailing and Antidumping Laws and earned the degree of Doctor of Philosophy in Political Economy from the University of Texas, Dallas. Additionally, Dr. Marshall is certified in Quantitative Methods and Economic Analysis by the University of Texas at Dallas' School of Social Sciences for his academic achievement and coursework in Descriptive and Inferential Statistics, Costs-Benefits Analysis, Social Science Research Methods, Regression Analysis, Advanced Regression Analysis, and Econometrics. In 1993, he opened the Law Offices of Kevin S. Marshall and continued to actively practice law until the summer of 2004 when he accepted a tenured track position with the University of La Verne's College of Law in Ontario, California where he teaches trade regulation, antitrust, contracts, remedies and law & economics. Dr. Marshall is also a practicing economist and serves as a Senior Fellow at the Institute for Policy Studies and Information Services (IPSIS), a for-profit organization founded for the purpose of promoting, preserving and enhancing the integrity of scientific methodology in the policy-making process. In 2002, Dr.

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