Antitrust Economics and Policy

Friday, September 26th - Saturday, September 27th

The goal of this Research Symposium is to provide a forum where leading scholars from across the country can gather together with Northwestern's own distinguished faculty to present and discuss high quality research relevant to antitrust economics and competition policy.

The Symposium is co-sponsored by the Searle Center on Law, Regulation, and Economic Growth and the Center for the Study of Industrial Organization at Northwestern University.

AGENDA

Day One - Friday, September 26th 2008
Wieboldt 147, 340 E. Superior Street, Chicago, IL 60611

8:15-8:30 a.m. Welcome and Introduction
David E. Van Zandt, Dean and Professor of Law, Northwestern University School of Law
Henry N. Butler, Executive Director, Searle Center, Northwestern University School of Law
William Rogerson, Professor of Economics, Faculty Fellow Institute for Policy Research, Northwestern University

8:30-9:30 Session One
Antitrust Evaluation of Horizontal Mergers: An Economic Alternative to Market Definition
Joseph Farrell, Professor of Economics, University of California-Berkeley
Carl Shapiro, Transamerica Professor of Business Strategy, Haas Economic Analysis and Policy Group Director, Institute of Business and Economics Research (IBER) and Professor in Department of Economics, University of California-Berkeley

Discussant:
Robert D. Willig , Professor of Economics and Public Affairs Faculty Chair, MPA Program, Woodrow Wilson School of Public & International Affairs, Princeton University

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9:45-10:45 Session Two
Antitrust Implications of Demand Accumulation (post-Symposium revision)
Igal Hendel, Professor of Economics, Northwestern University
Aviv Nevo, Professor of Economics, Northwestern University

Discussant:
Luke Froeb, William C. and Margaret W. Oehmig Associate Professor in Entrepreneurship and Free Enterprise, Owen Graduate School of Management, Vanderbilt University

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11:00-12:00 Session Three
Paying a Premium on Your Premium? Consolidation in the U.S. Health Insurance Industry (post-Symposium revision)
Leemore Dafny, Assistant Professor of Management and Strategy, Kellogg School of Management, Northwestern University
(co-authored by Mark Duggan, University of Maryland, NBER, and Subramaniam Ramanarayanan, University of California, at Los Angeles)

Discussant:
Christopher Adams, Economics, Federal Trade Commission

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12:00-1:30 Lunch

Keynote Address : Antitrust Economics and Policy: Some Suggestions for Research Agendas
Michael Baye, Director, Bureau of Economics, Federal Trade Commission, and Bert Elwert Professor of Business Economics & Public Policy, Kelley School of Business, Indiana University

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1:30-2:30 Session Four
Appropriate Antitrust Policy Towards Single-Firm Conduct
Dennis W. Carlton, Professor of Business Economics, University of Chicago Graduate School of Business

Discussant:
Michael Katz, Harvey Golub Professor in Business Leadership, New York University, Leonoard N. Stern School of Business

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2:45-3:45 Session Five
Assessing the Anticompetitive Effects of Multiproduct Pricing
Patrick Greenlee, U.S. Department of Justice, Antitrust Division
(co-authored with Dennis Carlton and Michael Waldman)

Discussant:
Joshua D. Wright, FTC and George Mason Law School

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4:00-5:00 Session Six
Boundedly Rational Bargaining in Option Demand Markets: An Empirical Application (post-Symposium revision)
David Dranove, Walter McNerney Professor of Health Industry Management and Professor of Management and Strategy, Kellogg School of Management, Northwestern University
Mark Satterthwaite, A.C. Buehler Professor in Hospital & Health Services Management and Professor of Strategic Management and Managerial Economics, Kellogg School of Management, Northwestern University
Andrew Sfekas, Research Assistant Professor, Kellogg School of Management, Northwestern University

Discussant:
Robert H. Gertner, Wallace W. Booth Professor of Economics and Strategy, University of Chicago

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5:00-6:00 Reception

6:00-8:00 Dinner

Keynote Address: Merger Evaluation: Progress and the Need for More Progress
Jerry Hausman, John and Jennie S. MacDonald Professor of Economics and Director of MIT Telecommunications Economics Research Program, MIT

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Day Two - Saturday September 27th, 2008
Wieboldt 147, 340 E. Superior Street, Chicago, IL 60611

8:30-9:30 Session Seven
Policy Timing under Uncertainty: Ex Ante versus Ex Post Merger Control (post-Symposium revision)
Marco Ottaviani, Professor of Management and Strategy, Kellogg School of Management, Northwestern University
Abraham L. Wickelgren, Assistant Professor of Law, Northwestern University School of Law

Discussant:
Louis Kaplow, Finn M.W. Caspersen and Household International Professor of Law and Economics, Harvard Law School

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9:45-10:45 Session Eight
Addressing Endogenous Product Choice in an Empirical Analysis of Merger Effects (post-Symposium revision)
Michael J. Mazzeo, Associate Professor of Management and Strategy, Kellogg School of Management, Northwestern University

Discussant:
Pat Bajari, Professor of Economics, University of Minnesota

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11:00-12:00 Session Nine
Some Welfare Analytics of Aftermarkets
Joseph Farrell, Professor of Economics, University of California-Berkeley

Discussant: Jeremy Bulow, Richard Stepp Professor of Economics, Stanford University

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Contact
For more information regarding this conference or other initiatives of the Searle Center, please call (312) 503-1811 or send an email to searlecenter@law.northwestern.edu .