This course is intended to provide an introduction to microeconomics for antitrust practitioners. Microeconomics is the study of how individuals and firms make decisions to allocate scarce resources and how these decisions impact the supply and demand of goods and service and determine relative prices. In the context of modern antitrust litigation, Professor Wright will focus on the key economic concepts underlying modern antitrust law, such as demand, substitution and income effects, elasticity, optimal pricing, price discrimination, supply, cost, consumer and producer surplus, cartel formation, and critical loss analysis. Professor Wright’s course has significant professional and practical content for attorneys practicing in the antitrust and competition policy arenas, both domestically and abroad.
Suggested Reading
Muris, Timothy J., Improving the Economic Foundations of Competition Policy, 12 GEORGE MASON L. REV. 1 (2003),
Werden, Gregory J., Demand Elasticities in Antitrust Analysis, 66 ANTITRUST L.J. 363 (1998)
Spirit Airlines v. Northwest Airlines, Inc., 431 F.3d 917 (6th Cir. 2005)
U.S. v. AMR Corp., 355 F.3d 1109 (10th Cir. 2003)
FTC/DOJ Horizontal Merger Guidelines, § 4
Klein, Benjamin, and John Shepard Wiley, Competitive Price Discrimination as an Antitrust Justification for Intellectual Property Refusals to Deal, 70 ANTITRUST LAW JOURNAL 599 (2003)
Louis Kaplow and Carl Shapiro, Antitrust, in Handbook of Law and Economics (2007, Polinsky ed.), pages 1099-1121
Featured News
Mexico Moves Forward with Reform to Eliminate Key Regulators, Including Competition Watchdog
Aug 23, 2024 by
CPI
DOJ Sues RealPage for Alleged Rent-Fixing Scheme Using AI Software
Aug 23, 2024 by
CPI
Advance Auto Parts to Offload Worldpac for $1.5 Billion
Aug 22, 2024 by
CPI
Bronfman Ups Ante to $6 Billion in Paramount Battle, Skydance Deal at Risk
Aug 22, 2024 by
CPI
Google and California Strike Historic Deal to Fund Newsrooms Amid Controversy
Aug 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich