NEWS AND COMMENTS (continued from homepage)

		Prof. Epstein spoke on patent damages at the Boston Bar Association, Sept. 24, 2003. Click to view slide deck.
		"The Market Share Rule With Price Erosion: Patent Infringement Lost Profits Damages After Crystal" by Roy J. Epstein published as lead article in American Intellectual Property Law Association Quarterly Journal, Winter 2003.
		PCAIDS 2.41 merger simulation software used by government competition agencies around the world, e.g.,    Colombia: Superintendencia de Industria y Comercio    Cyprus: Commission for the Protection of Competition    Italy: Autorità Garante della Concorrenza e del Mercato (View discussion of merger simulation in the Fondiaria-SAI decision)    Turkey: Competition Authority    UK Department of Trade and Industry
		Dr. Epstein served as a guest damages expert at the NITA national program, Boulder, CO.
		FTC now developing PCAIDS capability.
		New Zealand Commerce Commission uses PCAIDS. View discussion in Cendant decision.
		Roy Epstein presents seminar on merger simulation and PCAIDS at the Northeastern University Industrial Organization workshop, January 2003.
		PCAIDS 2.41 software now used by MIT Economics Department.
		NERA terms PCAIDS "an appealing alternative to econometrics as a method of determining elasticities" in February 2003 Antitrust Insights Newsletter "Two Methods of Determining Elasticities of Demand and Their Use in Merger Simulation." At the same time, this NERA commentary may confuse a careful reader of our ALJ article because it criticizes proportionality while omitting any discussion of how PCAIDS relaxes that assumption through the use of nests (see, e.g., the ALJ at 892, where proportionality is described as a "useful starting point"). It also suggests an artificial barrier between PCAIDS and econometric models (fn. 24 in the ALJ indicates how to combine the two approaches). The NERA newsletter is worth reading but bear in mind that it is significantly incomplete.

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