Econometrics and Regression Analysis
1 April 2010
By Dr. Gregory K. Leonard
Proving Antitrust Damages: Legal and Economic Issues, Second Edition is an accessible introduction to the legal and economic concepts of antitrust damages for use by counsel who may be new to the area. The book features expanded economic content written by economists that addresses the economic principles underlying the measurement of damages, which provides counsel with a deeper understanding of the relevant economic issues in an accessible manner. As part of the new edition, NERA Senior Vice President Gregory K. Leonard co-authored a chapter entitled "Econometrics and Regression Analysis," which describes the econometric and statistical methods that can be used in the calculation of damages in antitrust cases. Dr. Leonard's chapter, which is co-authored by James Langenfeld of LECG, Wenqing Li of LECG, and John Morris of Economists, Inc., describes how the methods work, their appropriate application to antitrust questions, and the ways in which they can potentially be misused. This book also addresses the legal requirements that a plaintiff must satisfy in order to establish a right to recover damages in an antitrust private action and common issues associated with estimating damages related to: overcharges, which are commonly asserted by customers in price fixing cases under Section 1 of the Sherman Act, and less frequently in monopolization cases under Section 2 of the Sherman Act; and lost profits, which are alleged by competitors generally in the context of exclusion conduct cases; and price discrimination under the Robinson-Patman Act.
