Steve Salop is a professor economics and law at the Georgetown University Law Center where he teaches antitrust law and economics and economic reasoning and the law. Steve’s work in antitrust economics pioneered what is now frequently referred to as the “Post-Chicago” approach. His research focuses on antitrust law and economics, and Steve has written numerous articles analyzing exclusionary market power, exclusionary conduct, and raising rivals’ costs in the context of a variety of antitrust areas, including monopolization, input purchases and monopsony, joint venture access rules, vertical mergers, and vertical restraints. His research has also focused on various aspects of mergers and joint ventures, including market definition, partial ownership and cross-ownership interests, entry barriers, and efficiencies. Professor Salop earned his Ph.D. in economics from Yale University in 1972. Before joining the Georgetown faculty, he worked at the Federal Trade Commission, the Civil Aeronautics Board, and the Federal Reserve Board.
TOTM is extremely pleased to have Steve here and is looking forward to some fun and lively exchanges. Steve’s first post offers a different economic perspective on the buyer antitrust exemption issue Geoff and I have been discussing the last few days.