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Antitrust Policy, The Chicago School Consumer Welfare Standard and The Rise of the New Brandeisians

New Books in Economics

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Measuring Impacts on Consumer Welfare in Antitrust Economics

This chapter discusses the methods used to measure the impacts on consumer welfare in antitrust economics, including challenges in measuring demand curves, cost curves, and markups. It explores different techniques for estimating the effects of mergers and calculating price-cost margins. The speaker emphasizes the art of modeling in consulting and the need for flexibility in answering economic questions.

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