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Antitrust Class Proceedings - Then And Now

Author

Listed:
  • Hausfeld, Michael D
  • Rausser, Gordon C
  • Macartney, Gareth J
  • Lehmann, Michael P
  • Gosselin, Sathya S

Abstract

In class action antitrust litigation, the standards for acceptable economic analysis at class certification have continued to evolve. The most recent event in this evolution is the United States Supreme Court's decision in Comcast Corp. v. Behrend, 133 S. Ct. 1435 (2013). The evolution of pre-Comcast law on this topic is presented, the Comcast decision is thoroughly assessed, as are the standards for developing reliable economic analysis. This article explains how economic evidence of both antitrust liability and damages ought to be developed in light of the teachings of Comcast, and how liability evidence can be used by economists to support a finding of common impact for certification purposes. In addition, the article addresses how statistical techniques such as averaging, price-dispersion analysis, and multiple regressions have and should be employed to establish common proof of damages. Copyright © 2014 Emerald Group Publishing Limited.

Suggested Citation

  • Hausfeld, Michael D & Rausser, Gordon C & Macartney, Gareth J & Lehmann, Michael P & Gosselin, Sathya S, 2014. "Antitrust Class Proceedings - Then And Now," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4fz4c9kq, Department of Agricultural & Resource Economics, UC Berkeley.
    • Handle: RePEc:cdl:agrebk:qt4fz4c9kq
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Class actions; damages; common impact; class certification; multiple regression; antitrust; Economics;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L00 - Industrial Organization - - General - - - General

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