On 7 November 2023 we hosted Steven Salop, professor of economics and law at the Georgetown University Law Center in Washington. He teaches antitrust law and economics and economic reasoning for lawyers. His research and consulting focus on microeconomics, antitrust, competition, and regulation.
Professor Salop has written numerous articles in various areas of antitrust economics and law (e.g., exclusionary conduct, mergers, joint ventures, and tacit coordination) many of which take a “Post-Chicago” approach. These articles include a series of 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 has written articles on procedural issues, including summary disposition, treble damages, and appellate decision-making.
Before joining the Law Center faculty in 1981, he served as Associate Director for Special Projects with the Bureau of Economics of the FTC, as an adjunct professor of economics at the University of Pennsylvania, where he received his B.A. in 1968, and as an economist with the Civil Aeronautics Board and Federal Reserve Board.