We compare the two dominant approaches to estimation of benchmark damages in antitrust litigation, the forecasting approach and the dummy variable approach. We give conditions under which the two approaches are equivalent and present the results of a small simulation study.
Econometrics | Law | Law and Economics
Justin McCrary & Daniel L. Rubinfeld,
Measuring Benchmark Damages in Antitrust Litigation,
J. Econ. Methods
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/3857