Re-Assessing the Chicago School of Antitrust Law
Room V
1111 East 60th Street, Chicago, Illinois 60637
Scholars associated with the Chicago School in the 1970s and 1980s advanced a series of arguments that persuaded both courts and regulators that taking a more restrained approach to applying antitrust law would increase efficiency and welfare. In recent years, a renaissance in antitrust thinking has been underway. Scholars are challenging the validity of many of the presumptions upon which the Chicago School’s ideas were based. Moreover, writers in academic and policy circles argue that lax antitrust enforcement—justified by ideas developed as part of the Chicago School—has contributed to current and looming economic problems. This year’s symposium will feature research re-assessing the validity of the Chicago School’s assumptions about competition and consider whether a more aggressive approach to antitrust enforcement is now warranted.
Panelists
|
José Azar |
IESE Business School |
|
Anu Bradford |
Columbia Law School |
|
Kevin Bryan |
University of Toronto Rotman School of Management |
|
Adam S. Chilton |
University of Chicago Law School |
|
Rohit Chopra |
Federal Trade Commission |
|
Honorable Frank H. Easterbrook |
US Court of Appeals & University of Chicago |
|
Hiba Hafiz |
Boston College Law School |
|
Erik Hovenkamp |
Harvard Law School |
|
Ariel Katz |
University of Toronto, Faculty of Law |
|
Lina Khan |
Columbia Law School |
|
William E. Kovacic |
George Washington University Law School |
|
Filippo Maria Lancieri |
University of Chicago Law School |
|
Timothy J. Muris |
Antonin Scalia Law School, George Mason University |
|
Jonathan E. Nuechterlein |
Sidley Austin LLP |
|
Randal C. Picker |
University of Chicago Law School |
|
Natasha Sarin |
University of Pennsylvania Law School |
|
Marshall Steinbaum |
University of Utah Department of Economics |
|
Maurice Stucke |
University of Tennessee College of Law |
Schedule of Events
Friday, May 10
8:30 a.m.
Breakfast
9:00 a.m.
Opening Remarks
Dean Thomas J. Miles
9:15 a.m. – 10:00 a.m.
Presentation #1: The Chicago Obsession in the Interpretation of U.S. Antitrust History
William E. Kovacic
10:00 a.m. – 10:45 a.m.
Presentation #2: Labor Antitrust’s Paradox
Hiba Hafiz
10:45 a.m. – 11:00 a.m.
Break
11:00 a.m. – 11:45 a.m.
Presentation #3: The Common Ownership Trilemma
José Azar
11:45 a.m. – 12:30 p.m.
Presentation #4: The Effective Competition Standard:
A New Standard for Antitrust
Marshall Steinbaum & Maurice E. Stucke
12:30 – 1:30 - Lunch
1:30 p.m. – 2:15 p.m.
Presentation #5: Predictable, Efficient, and Participatory:
The Case for Unfair Methods of Competition Rulemaking
Rohit Chopra & Lina Khan
2:15 p.m. – 3:00 p.m.
Presentation #6: Chicago and Its Discontents
Timothy J. Muris & Jonathan E. Nuechterlein
3:00 p.m. – 3:15 p.m.
Break
3:15 p.m. – 4:00 p.m.
Presentation #7: What’s in Your Wallet (and What Should the Law
Do About It?)
Natasha Sarin
4:00 p.m. – 4:45 p.m.
Presentation #8: The (Limited) International Influence of the Chicago School of Antitrust Analysis
Adam S. Chilton & Filippo Maria Lancieri (with Anu Bradford)
Saturday, May 11
8:30 a.m.
Breakfast
9:00 a.m. – 9:45 a.m.
Presentation #9: The Arc of Monopoly: A Case Study in Computing
Randal C. Picker
9:45 a.m. – 10:30 a.m.
Presentation #10: Startup Acquisitions, Error Costs, and Antitrust Policy
Erik Hovenkamp (with Kevin Bryan)
10:30 a.m. – 10:45 a.m.
Break
10:45 a.m. – 11:30 a.m.
Presentation #11: The Chicago School and the Forgotten Political Underpinning of Antitrust Law
Ariel Katz