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Antitrust class proceedings – Then and now

In: The Law and Economics of Class Actions

Author

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

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 inComcast Corp. v. Behrend, 133 S. Ct. 1435 (2013). The evolution of pre-Comcastlaw on this topic is presented, theComcastdecision 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 ofComcast, 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.

Suggested Citation

  • Michael D. Hausfeld & Gordon C. Rausser & Gareth J. Macartney & Michael P. Lehmann & Sathya S. Gosselin, 2014. "Antitrust class proceedings – Then and now," Research in Law and Economics, in: The Law and Economics of Class Actions, volume 26, pages 77-133, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rlwezz:s0193-589520140000026004
    DOI: 10.1108/S0193-589520140000026004
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    References listed on IDEAS

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    1. Baker, Jonathan B & Rubinfeld, Daniel L, 1999. "Empirical Methods in Antitrust Litigation: Review and Critique," American Law and Economics Review, Oxford University Press, vol. 1(1-2), pages 386-435, Fall.
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    More about this item

    Keywords

    Class actions; damages; common impact; class certification; multiple regression; antitrust; B40; K00; K41; K21; L00;
    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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