Fundamentals of Antitrust Economics Series--An ABA Section of Antitrust Brown Bag

Understanding basic economic principles is critical to antitrust analysis. In this series of brownbag programs, distinguished economists will teach basic economic principles related to antitrust analysis, including market definition, market power, competitive effects, and econometrics. The sessions will provide an introduction to concepts and techniques that appear repeatedly in the economic analysis of antitrust issues.

In this session, Dr. Valerie Suslow—Senior Associate Dean for MBA Programs, and Professor of Business Economics and Public Policy at University of Michigan’s Stephen M. Ross School of Business—will discuss the concept of market power. Dr. Suslow will define market power, present methods for measuring it, and discuss why it is an important economic element of antitrust analysis.