GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT OFFICIALS
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1 GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT OFFICIALS NOVEMBER, 2015
2 GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT OFFICIALS Sunday, 15 November Bay View Beach Lawn, Reception & Dinner 18:30 19:00 REGISTRATION AND RECEPTION Bay View Beach Lawn 19:00 21:00 Monday, July 13 WELCOME AND DINNER Bay View Beach Lawn
3 CLASSES AND HOTEL: Turtle Bay Resort, Kamehameha Highway, Kahuku, Hawaii USA Monday, 16 November AGENDA 06:00 07:50 BREAKFAST (ON YOUR OWN) Kula Grille 08:00 09:15 INTRODUCTION TO ECONOMICS AND ECONOMIC THINKING Director, Global Antitrust Institute and Professor of Law, George Mason University School of Law Shepherd, ECONOMIC ANALYSIS FOR LAWYERS (3rd ed. 2014): Chapter I, pp.3-15; pp, Michael R. Baye & Joshua D. Wright. Is Antitrust Too Complicated For Generalist Judges? The Impact Of Economic Complexity And Judicial Training On Appeals,.54 J. L. & ECON. 1 (2011). 09:30 10:45 INDIVIDUAL CHOICE, DEMAND, AND WELFARE BRUCE H. KOBAYASHI Senior Scholar and Founding Director, Global Antitrust Institute; Professor of Law, Associate Dean for Research and Faculty Development, George Mason University School of Law Shepherd: Chapter II, pp ; pp :00 12:15 COST, PRODUCTION, AND SUPPLY JAMES C. COOPER Director, Research and Policy, Law & Economics Center and Lecturer in Law, George Mason University School of Law Shepherd: Chapter IX, pp
4 GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT OFFICIALS Monday, 16 November 12:15 13:15 LUNCH Pavilion 13:15 14:30 MARKETS, THE COMPETITIVE PROCESS, AND REGULATION Shepherd: Chapter II, pp ; Chapter III, pp Harold Demsetz, Barriers to Entry, 72 AMER. ECON. REV. 47 (No. 1, 1982). 14:45 16:00 THE GOALS OF ANTITRUST LAW JAMES C. COOPER RECOMMENDED READING ASSIGNMENT: Douglas H. Ginsburg, Judge Bork, Consumer Welfare, and Antitrust Law, 31 HARV. J.L. & PUB. POL Y 449 (2008). Joshua D. Wright & Douglas H. Ginsburg, The Goals of Antitrust, 81 FORD. L. REV (2013). Jonathan M. Jacobson, Another Take on the Relevant Welfare Standard for Antitrust, to be presented at the Chair s Showcase: Rethinking Antitrust Economics for the 21st Century, ABA Spring Meetings (April 16, 2015). 16:00 ADJOURN FOR THE DAY
5 CLASSES AND HOTEL: Turtle Bay Resort, Kamehameha Highway, Kahuku, Hawaii USA Tuesday, 17 November AGENDA 06:00 07:50 BREAKFAST (ON YOUR OWN) Kula Grille 08:00 09:15 THE THEORY OF THE FIRM, VERTICAL INTEGRATION, AND CONTRACTS BRUCE H. KOBAYASHI Shepherd: Chapter V, pp Francine LaFontaine & Margaret Slade, Vertical Integration and Firm Boundaries: The Evidence, 45 J. ECON. LIT. 629 (2007). 09:30 10:45 COMPETITION, MONOPOLY, AND MONOPSONY JAMES C. COOPER Shepherd: Chapter IX, pp :00 12:15 A THEORY OF OLIGOPOLY, CARTELS, AND SANCTIONS BRUCE H. KOBAYASHI Shepherd: Chapter I, pp ; Dennis W. Carlton & Sam Peltzman, The Classic: Introduction to Stigler s Theory of Oligopoly, 6 COMP. POL Y INT L. 237 (2010). Douglas H. Ginsburg & Joshua D. Wright, Antitrust Sanctions, 6 COMP. POL Y INT L. 3 (2010). 5
6 GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT JUDGES OFFICIALS Tuesday, 17 November 12:15 13:15 LUNCH Pavilion 13:15 14:30 PRICE DISCRIMINATION AND WELFARE JAMES C. COOPER Shepherd, Chapter IX, OPTIONAL READING ASSIGNMENT: James C. Cooper et al., Does Price Discrimination Intensify Competition? Implications for Antitrust, 72 ANTITRUST L. J. 327 (2005). 14:30 ADJOURN 15:30 20:30 GROUP TOUR AND DINNER Polynesian Cultural Center
7 CLASSES AND HOTEL: Turtle Bay Resort, Kamehameha Highway, Kahuku, Hawaii USA Wednesday, 18 November AGENDA 06:00 07:50 BREAKFAST (ON YOUR OWN) Kula Grille 08:00 09:15 THE ECONOMICS OF INNOVATION AND INTELLECTUAL PROPERTY ROBERT IAN MCEWIN Khazanah National Chair of Regulatory Studies, University of Malaya and Visiting Professor, Chulalongkom University, Bangkok Shepherd, Chapter I, pp , Chapter IV, pp Richard A. Posner, Intellectual Property: The Law and Economics Approach, 19 J. ECON. PERSPECTIVES 57 (2005). 09:30 10:45 MARKET DEFINITION AND MARKET POWER I Shepherd: Chapter IX, Harold Demsetz, The Market Concentration Doctrine: An Examination of Evidence and a Discussion of Policy, AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH (1973). 11:00 12:15 MARKET DEFINITION AND MARKET POWER II 7
8 GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT JUDGES OFFICIALS Wednesday, 18 November 12:15 13:15 LUNCH Pavilion 13:15 14:30 EMPIRICAL APPROACHES TO MARKET DEFINITION AND STATISTICAL EVIDENCE BRUCE H. KOBAYASHI RECOMMENDED READING ASSIGNMENT: Orley Ashenfelter, David Ashmore, Jonathan B. Baker, Suzanne Gleason & Daniel S. Hosken, Empirical Methods in Merger Analysis: Econometric Analysis of Pricing in FTC v. Staples, 13 INT. J. ECON. BUS 265 (2006). 14:30 ADJOURN FOR THE DAY
9 CLASSES AND HOTEL: Turtle Bay Resort, Kamehameha Highway, Kahuku, Hawaii USA Thursday, 19 November AGENDA 06:00 07:50 BREAKFAST (ON YOUR OWN) Kula Grille 08:00 09:15 VERTICAL RESTRAINTS: EXCLUSION AND COMPETITION ON THE MERITS RECOMMENDED READING ASSIGNMENT: Benjamin Klein, Competitive Resale Price Maintenance in the Absence of Free Riding, 76 ANTITRUST L.J. 431 (2009). Francine Lafontaine & Margaret Slade, Exclusive Contracts and Vertical Restraints: Empirical Evidence and Public Policy, in HANDBOOK OF ANTITRUST ECONOMICS (2008). 09:30 10:45 PREDATORY PRICING AND BUNDLED DISCOUNTS BRUCE H. KOBAYASHI Shepherd: Chapter I, pp Bruce H. Kobayashi, The Law and Economics of Predatory Pricing, in ANTITRUST LAW AND ECONOMICS (K. Hylton, ed., 2009). 11:00 12:15 COMPARATIVE GLOBAL ANTITRUST ROBERT IAN MCEWIN RECOMMENDED READING ASSIGNMENT: Einer Elhauge and Damien Geradian, GLOBAL COMPETITION LAW AND ECONOMICS (2011): Chapter 1 Part B Remedial Structure, pp :15 13:15 LUNCH Pavilion 9
10 GLOBAL ANTITRUST INSTITUTE ECONOMICS INSTITUTE FOR COMPETITION ENFORCEMENT JUDGES OFFICIALS Thursday, 19 November 13:15 14:30 INTERNATIONAL DUE PROCESS ROBERT IAN MCEWIN RECOMMENDED READING ASSIGNMENT: Douglas H Ginsburg & Taylor M. Owings, Due Process in Competition Proceedings, 11 COMP POL Y INT L (2015). Douglas H. Ginsburg & Joshua D. Wright, Antitrust Settlements: The Culture of Consent, in WILLIAM E. KOVACIC: AN ANTITRUST TRIBUTE LIBER AMERICORUM 177 (Charbit et al. eds., 2012). 14:30 18:30 STUDY BREAK 18:30 20:30 RECEPTION AND DINNER Pa akai Friday, 20 November 06:00 07:50 BREAKFAST (ON YOUR OWN) Kula Grille
11 CLASSES AND HOTEL: Turtle Bay Resort, Kamehameha Highway, Kahuku, Hawaii USA Friday, 20 November AGENDA 08:00 09:15 INTELLECTUAL PROPERTY AND ANTITRUST JAMES C. COOPER RECOMMENDED READING ASSIGNMENT: Benjamin Klein, Competitive Resale Price Maintenance in the Absence of Free Riding, 76 ANTITRUST L.J. 431 (2009). Douglas H. Ginsburg & Joshua D. Wright, Dynamic Analysis and the Limits of Antitrust Institutions, 78 ANTITRUST L. J. 1 (2012). Joshua D. Wright & Douglas H. Ginsburg, Whither Symmetry? Antitrust Analysis of Intellectual Property Rights at the FTC and DOJ, 9 COMP. POL Y INT L. 2 (2013). 09:30 10:45 STANDARDS AND STANDARD SETTING ORGANIZATIONS, RAND, AND HOLDUP RECOMMENDED READING ASSIGNMENT: Bruce H. Kobayashi & Joshua D. Wright, Intellectual Property and Standard Setting, ABA HANDBOOK ON THE ANTITRUST ASPECTS OF STANDARDS SETTING (2010). Joanna Tsai & Joshua D. Wright. Standard Setting, Intellectual Property Rights, And The Role Of Antitrust In Regulating Incomplete Contracts, 80 ANTITRUST L.J. 157 (2015). 11:00 12:15 ANTITRUST AND INTELLECTUAL PROPERTY LITIGATION BRUCE H. KOBAYASHI RECOMMENDED READING ASSIGNMENT: Joshua D. Wright & Douglas H. Ginsburg, Patent Assertion Entities and Antitrust: A Competition Cure for a Litigation Disease? 79 ANTITRUST L. J. 501 (2014) Bruce H. Kobayashi, Joshua D. Wright, Douglas H. Ginsburg & Joanna Tsai, Actavis and Multiple ANDA Entrants: Beyond the Temporary Duopoly, 29 ANTITRUST L.J. 89 (2015). 12:15 ADJOURN 11
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