Measuring Benchmark Damages in Antitrust Litigation: Extensions and Practical Implications

Boston, MA
14 March 2019
Hosted By: Boston University

Associate Director Dr. Ai Deng spoke at the Pi-Day Econometrics Conference hosted by Boston University. Dr. Deng presented on his paper entitled “Measuring Benchmark Damages in Antitrust Litigation: Extensions and Practical Implications.” He also chaired a session at the conference. 

Dr. Deng's paper compares the forecasting approach and the fully interacted approach to cartel damages estimation. Extending McCrary and Rubinfeld (2014), Dr. Deng considers both theoretical and finite-sample properties of these approaches when the assumptions of exogeneity and stationarity are relaxed. Simulation results are reported to corroborate the theoretical findings. The paper shows that there are good reasons why the forecasting approach is still the more robust option to measuring benchmark damages in antitrust litigation.

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