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An Economic Perspective on the Usefulness of the Consumer Welfare Standard as a Guiding Framework for Antitrust Policy
20 December 2021
Dr. Lawrence Wu and Dr. Craig Malam
The consumer welfare standard (CWS) is a measure used to judge the effects of market consolidation or firm competitive practices. In the area of antitrust, the CWS is under fire—and not for the first time. President Dr. Lawrence Wu and Associate Director Dr. Craig Malam wrote a California Lawyers Association article titled “An Economic Perspective on the Usefulness of the Consumer Welfare Standard as a Guiding Framework for Antitrust Policy,” reviewing the standard and offering key points of consideration.
To read the article, please visit the CLA’s website here. Please note, you must be a CLA member to access the article.