Dr. Geoffrey Manne, Director at Global Economics Group, and Marcellus Williamson identify problems with three types of documents commonly used by courts to determine whether antitrust violations have occurred. In Hot Docs VS. Cold Economics (Arizona Law Review, Vol. 47), the authors contend that these documents have little foundation in economics and that the likelihood of error resulting from the use of business documents is substantial. They conclude that antitrust enforcement must rely on rigorous economic analysis rather than flawed perceptions of business conduct.
Hot Docs vs. Cold Economics
By Geoffrey Manne on March 17, 2011