By Editors of ABA
This publication is a complete evaluate of the wide variety of felony and economics concerns that come up relating to the center antitrust thought of marketplace strength.
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Extra resources for Econometrics: Legal, Practical and Technical Issues - antitrust law
Id. at*33. rd. Id. at*34. Id. at *34 (quoting General Elec. co. v. S. 136, 146 (1ee7)). " An expert may also be allowed to justify the use of a method or variable that is not commonly accepted by using economic principles. "62 Courts ffifly, however, reject expert evidence where widely-accepted methodologies are not utilized and the proffering parly offers no justifying principle. s Further, the court rejected the expert's assumption that the alleged conspiracy was the only cause of price differences between the 57.
Analysis Has Been Published or Subjected to Peer Review Review by other enonomists adds to a methodology's reliability. The court in Sanner credited part of the expert's testimony because his "theories and methodologies have been the subject of at least three books . . t In Allapattah Serttices, despite not being subject to peer review, the margin analysis of the plaintiffs' expert was reliable where the margin 28. 29. 30. 31. 32. 33. Sanner v. Bd. of Trade, No. S. Dist. D. Ill. Sept. 28, 2001).
At 1504. 67. Id. 68. Id; see Sanner v. Bd. of Trade, No. S. Dist. D. Ill. Sept. 28,2001) (excluding expert's testimony regarding artificiality of market prices and impact of the defendants' actions on market for time period from which expert conducted no regression analyses but rather reviewed previous period data, on which he regfessions, and used "guesswork and eyeballing" to draw conclusions). In re Polypropylene Carpet Antitrust Litigation, 93 F. Supp. D. 2000). Id. Id. did run 69. 70. 7r. 40 lTconometrics in Antitrust was ignorant of material testimony and other evidence; .