Use and Misuse of Empirical Methods in the Economics of Antitrust

The application of economics to issues involving competition policy has always required a mixture of economic theory and empirical analysis. As any good lawyer knows, an economic analysis typically must rely on the facts of the industry under study to be credible. As a result, empirical analysis is often a crucial component of any economic analysis of competition issues. Of course, any empirical analysis has to be grounded in some theoretical structure. Over the las