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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

Law

2014

Antitrust

Columbia Law School

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Full-Text Articles in Social and Behavioral Sciences

Measuring Benchmark Damages In Antitrust Litigation, Justin Mccrary, Daniel L. Rubinfeld Jan 2014

Measuring Benchmark Damages In Antitrust Litigation, Justin Mccrary, Daniel L. Rubinfeld

Faculty Scholarship

We compare the two dominant approaches to estimation of benchmark damages in antitrust litigation, the forecasting approach and the dummy variable approach. We give conditions under which the two approaches are equivalent and present the results of a small simulation study.