Steven C Salop
Biographic Data
| ID | 788188 |
|---|---|
| NAME | Steven C Salop |
| GIVEN NAMES | Steven C |
| FAMILY NAME | Salop |
| SIGNATURE | SALOP S C |
| AFFILIATIONS | Professor of Economics and Law, Georgetown University Law Center, Washington, D.C. and Guest Scholar, Brookings Institution, Washington, D.C.; Consultant for a midwestern college in a DOJ investigation of college tuition information exchange. |
| VERIFIED | No |
| TOTAL WORKS | 7 |
| TOTAL CITATIONS | 22 |
| AUTHOR COUNT | 7 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1979 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 3 |
Litigation with Inalienable Judgments
We study strategic behavior by private litigants when courts’ judgments are inalienable in the sense that it is unlawful to contract around them ex post. Inalienable judgments arise in many contexts, including antitrust, labor law, intellectual property law, unfair competition, and various types of public interest litigation. We show that inalienability systematically creates incentives for problematic rent-seeking behaviors: strategic investment…
Policy Watch: Antitrust Goes to College
It may have come as a shock to many economists, especially those in academia, to learn that the Antitrust Division of the U.S. Department of Justice (DOJ) has been investigating alleged price fixing and information exchange of financial aid among 23 prestigious east coast colleges and universities. These schools include the "Ivy overlap group"-MIT, Brown, Columbia, Cornell, Dartmouth, Harvard, University of Pennsylvania, Princeton, and Yale-and t…
Symposium on Mergers and Antitrust
The Journal asked three mainstream industrial organization economists to comment on both current merger enforcement and merger reform proposals: Lawrence White, Franklin Fisher, and Richard Schmalensee. The Journal of Economic Perspectives organized this symposium to provide economists who do not specialize in industrial organization and policymakers now considering reform proposals with a better sense of the type of competitive analysis carried …
Evaluating Uncertain Evidence With Sir Thomas Bayes: A Note For Teachers
Consider the following problem: On the night of March 1, 1986, in Lorain, Ohio, John Doe was struck by a speeding taxi as he crossed the street. The taxi was driving the wrong way down a one-way street and did not stop. An eyewitness thought that the taxi was blue. Doe has sued the Blue Cab Company for his medical expenses in a tort claim. Lorain has only two taxi companies, Blue Cab and Green Cab. Green Cab is the dominant firm with 85 percent o…
Anticompetitive Exclusion: Raising Rivals' Costs to Achieve Power over Price
Consumer Search and Public Policy
Consumers acquire information from a variety of internal and external sources. Sources differ in their abilities to convey different kinds of information. This paper examines the implications of these sources for designing government information programs. It emphasizes the need to examine the effects of information disclosures in the total information environment
Monopolistic Competition with Outside Goods
The Chamberlinian monopolistically competitive equilibrium has been explored and extended in a number of recent papers. These analyses have paid only cursory attention to the existence of an industry outside the Chamberlinian group. In this article I analyze a model of spatial competition in which a second commodity is explicitly treated. In this two-industry economy, a zero-profit equilibrium with symmetrically located firms may exhibit rather s…
Anticompetitive Exclusion: Raising Rivals' Costs to Achieve Power over Price
Consumer Search and Public Policy
Consumers acquire information from a variety of internal and external sources. Sources differ in their abilities to convey different kinds of information. This paper examines the implications of these sources for designing government information programs. It emphasizes the need to examine the effects of information disclosures in the total information environment
Policy Watch: Antitrust Goes to College
It may have come as a shock to many economists, especially those in academia, to learn that the Antitrust Division of the U.S. Department of Justice (DOJ) has been investigating alleged price fixing and information exchange of financial aid among 23 prestigious east coast colleges and universities. These schools include the "Ivy overlap group"-MIT, Brown, Columbia, Cornell, Dartmouth, Harvard, University of Pennsylvania, Princeton, and Yale-and t…
Evaluating Uncertain Evidence With Sir Thomas Bayes: A Note For Teachers
Consider the following problem: On the night of March 1, 1986, in Lorain, Ohio, John Doe was struck by a speeding taxi as he crossed the street. The taxi was driving the wrong way down a one-way street and did not stop. An eyewitness thought that the taxi was blue. Doe has sued the Blue Cab Company for his medical expenses in a tort claim. Lorain has only two taxi companies, Blue Cab and Green Cab. Green Cab is the dominant firm with 85 percent o…
Monopolistic Competition with Outside Goods
The Chamberlinian monopolistically competitive equilibrium has been explored and extended in a number of recent papers. These analyses have paid only cursory attention to the existence of an industry outside the Chamberlinian group. In this article I analyze a model of spatial competition in which a second commodity is explicitly treated. In this two-industry economy, a zero-profit equilibrium with symmetrically located firms may exhibit rather s…
Consumer Search and Public Policy
Consumers acquire information from a variety of internal and external sources. Sources differ in their abilities to convey different kinds of information. This paper examines the implications of these sources for designing government information programs. It emphasizes the need to examine the effects of information disclosures in the total information environment
Anticompetitive Exclusion: Raising Rivals' Costs to Achieve Power over Price
Symposium on Mergers and Antitrust
The Journal asked three mainstream industrial organization economists to comment on both current merger enforcement and merger reform proposals: Lawrence White, Franklin Fisher, and Richard Schmalensee. The Journal of Economic Perspectives organized this symposium to provide economists who do not specialize in industrial organization and policymakers now considering reform proposals with a better sense of the type of competitive analysis carried …
Evaluating Uncertain Evidence With Sir Thomas Bayes: A Note For Teachers
Consider the following problem: On the night of March 1, 1986, in Lorain, Ohio, John Doe was struck by a speeding taxi as he crossed the street. The taxi was driving the wrong way down a one-way street and did not stop. An eyewitness thought that the taxi was blue. Doe has sued the Blue Cab Company for his medical expenses in a tort claim. Lorain has only two taxi companies, Blue Cab and Green Cab. Green Cab is the dominant firm with 85 percent o…
Policy Watch: Antitrust Goes to College
It may have come as a shock to many economists, especially those in academia, to learn that the Antitrust Division of the U.S. Department of Justice (DOJ) has been investigating alleged price fixing and information exchange of financial aid among 23 prestigious east coast colleges and universities. These schools include the "Ivy overlap group"-MIT, Brown, Columbia, Cornell, Dartmouth, Harvard, University of Pennsylvania, Princeton, and Yale-and t…
Litigation with Inalienable Judgments
We study strategic behavior by private litigants when courts’ judgments are inalienable in the sense that it is unlawful to contract around them ex post. Inalienable judgments arise in many contexts, including antitrust, labor law, intellectual property law, unfair competition, and various types of public interest litigation. We show that inalienability systematically creates incentives for problematic rent-seeking behaviors: strategic investment…
Economics (6 works) · Political science (5 works) · Law (4 works) · Merger and Competition Analysis (4 works) · Business (3 works) · Competition (biology) (2 works) · Consumer Market Behavior and Pricing (2 works) · Engineering (2 works) · Law and economics (2 works) · Legal and Constitutional Studies (2 works)