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Roy Epstein addressed the Boston Bar Association Business Litigation Committee on April 9, 2008 on cross-examination of expert witnesses in econometrics.
Click here to view his presentation.
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Roy Epstein lectured on merger simulation at DG-Comp, Brussels in July 2005.
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PCAIDS analysis featured in recently approved yoghurt merger. Click for New Zealand Commerce Commission report on competitive effects of the transaction.
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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
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Dr. Epstein served as a guest damages expert at the NITA national program, Boulder, CO.
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FTC
now developing PCAIDS capability.
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Roy Epstein presents seminar on merger simulation and PCAIDS at the Northeastern University
Industrial Organization workshop, January 2003.
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PCAIDS 2.41 software now used by MIT Economics Department.
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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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