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Steven C. Salop

Professor of Economics and Law

B.A., University of Pennsylvania; M.Phil., Ph.D., Yale

Areas of Expertise:

Antitrust & Trade Regulation, Law and Economics

Professor Salop teaches courses in Antitrust Law, Economic Reasoning and the Law, and had conducted a Faculty Workshop in Law and Economics. His recent writings include several...

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Professor Salop teaches courses in Antitrust Law, Economic Reasoning and the Law, and had conducted a Faculty Workshop in Law and Economics. His recent writings include several articles that focus on exclusionary conduct, including articles on the antitrust standard for exclusionary conduct, exclusionary conduct by buyers, and the antitrust standard for refusals to deal and price squeezes.  Professor Salop has other articles on the consumer welfare standard, raising rivals' cost conduct, the first principles approach to antitrust, and vertical mergers. His research focuses on antitrust law and economics and economic analysis of industrial competition and imperfect information.  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.

Recent Scholarship

Forthcoming Works and Works in Progress

  • Steven C. Salop, Invigorating Vertical Merger Enforcement, (working paper).    [SSRN] [Gtown Law]
  • Steven C. Salop, Serge Moresi, David Reitman & Yianis Sarafidis, cGUPPI: Scoring Incentives to Engage in Parallel Accommodating Conduct, (working paper).    [SSRN] [Gtown Law]

Contributions to Law Reviews and Other Scholarly Journals

  • Steven C. Salop, The Raising Rivals’ Cost Foreclosure Paradigm, Conditional Pricing Practices, and the Flawed Incremental Price-Cost Test, 81 Antitrust L.J. 371-421 (2017).    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop & Daniel P. Culley, Revising the U.S. Vertical Merger Guidelines: Policy Issues and an Interim Guide for Practitioners, 4 J. Antitrust Enforcement 1-41 (2016).    [SSRN] [Gtown Law]

Book Chapters and Collected Works

  • Steven C. Salop, Serge Moresi & John R. Woodbury, Market Definition and Multi-Product Firms in Merger Analysis, in Antitrust Economics for Lawyers §§ 1.01-1.05 (LexisNexis 2017 ed.).    [SSRN] [Gtown Law] [WWW]
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All Scholarship 1986 - Present

Forthcoming Works and Works in Progress

  • Steven C. Salop, Invigorating Vertical Merger Enforcement, (working paper).    [SSRN] [Gtown Law]
  • Steven C. Salop, Serge Moresi, David Reitman & Yianis Sarafidis, cGUPPI: Scoring Incentives to Engage in Parallel Accommodating Conduct, (working paper).    [SSRN] [Gtown Law]
  • Steven C. Salop & Daniel P. Culley, Potential Competitive Effects of Vertical Mergers: A How-To Guide for Practitioners, (working paper).    [SSRN] [Gtown Law]
  • Steven C. Salop, Sharis A. Pozen & John R. Seward, The Appropriate Legal Standard and Sufficient Economic Evidence for Exclusive Dealing Under Section 2: The FTC’s McWane Case, (working paper).    [SSRN] [Gtown Law]
  • Steven C. Salop, Guiding Section 5: Comments on the Commissioners, (working paper).    [SSRN] [Gtown Law]
  • Steven C. Salop & Serge Moresi, Updating the Merger Guidelines: Comments, (working paper).    [SSRN] [Gtown Law]

Contributions to Law Reviews and Other Scholarly Journals

  • Steven C. Salop, The Raising Rivals’ Cost Foreclosure Paradigm, Conditional Pricing Practices, and the Flawed Incremental Price-Cost Test, 81 Antitrust L.J. 371-421 (2017).    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop & Daniel P. Culley, Revising the U.S. Vertical Merger Guidelines: Policy Issues and an Interim Guide for Practitioners, 4 J. Antitrust Enforcement 1-41 (2016).    [SSRN] [Gtown Law]
  • Steven C. Salop & Jonathan B. Baker, Antitrust, Competition Policy, and Inequality, 104 Geo. L.J. Online 1-28 (2015).    [W] [SSRN] [Gtown Law] [WWW]
  • Steven C. Salop, The Evolution and Vitality of Merger Presumptions: A Decision-Theoretic Approach, 80 Antitrust L.J. 269-306 (2015).    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop, What Consensus? Why Ideology and Elections Still Matter to Antitrust, 79 Antitrust L.J. 601-639 (2014).    [HEIN] [W]
  • Steven C. Salop, Stanley M. Besen, Stephen D. Kletter, Serge X. Moresi & John R. Woodbury, An Economic Analysis of the AT&T-T-Mobile USA Wireless Merger, 9 J. Competition L. & Econ. 23-47 (2013).   
  • Steven C. Salop, Merger Settlement and Enforcement Policy for Optimal Deterrence and Maximum Welfare, 81 Fordham L. Rev. 2647-2681 (2013).    [HEIN] [W] [SSRN] [Gtown Law] [WWW]
  • Steven C. Salop, The Protected Profits Benchmark: Responses to Comments, 79 Antitrust L.J. 381-394 (2013).    [HEIN] [W]
  • Steven C. Salop, The Protected Profits Benchmark: Responses to Comments, 79 Antitrust L.J. 701-714 (2013).    [W] [SSRN] [Gtown Law]
  • Steven C. Salop & Serge Moresi, vGUPPI: Scoring Unilateral Pricing Incentives in Vertical Mergers, 79 Antitrust L.J. 185-214 (2013).    [HEIN] [W]
  • Steven C. Salop, Question: What is the Real and Proper Antitrust Welfare Standard? Answer: The True Consumer Welfare Standard, 22 Loy. Consumer L. Rev. 336-353 (2010).    [W]
  • Steven C. Salop, Refusals to Deal and Price Squeezes by an Unregulated, Vertically Integrated Monopolist, 76 Antitrust L.J. 709-740 (2010).    [HEIN] [W]
  • Steven C. Salop, Exclusionary Conduct, Effect on Consumers, and the Flawed Profit-Sacrifice Standard, 73 Antitrust L.J. 311-374 (2006).    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop, Anticompetitive Overbuying by Power Buyers, 72 Antitrust L.J. 669-715 (2005).    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop & Daniel P. O'Brien, The Competitive Effects of Passive Minority Equity Interests: Reply, 69 Antitrust L.J. 611-625 (2001).    [HEIN] [W] [Gtown Law]
  • Steven C. Salop, Robert J. Levinson & R. Craig Romaine, The Flawed Fragmentation Critique of Structural Remedies in the Microsoft Case, 46 Antitrust Bull. 135-162 (2001).    [HEIN] [SSRN]
  • Steven C. Salop & Jonathan B. Baker, Should Concentration be Dropped from the Merger Guidelines?, 33 UWLA L. Rev. 3-16 (2001).    [W]
  • Steven C. Salop & Daniel P. O'Brien, Competitive Effects of Partial Ownership: Financial Interest and Corporate Control, 67 Antitrust L.J. 559-614 (2000).    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop, The First Principles Approach to Antitrust, Kodak, and Antitrust at the Millenium, 68 Antitrust L.J. 187-202 (2000).    [HEIN] [W] [SSRN] [Gtown Law]

Book Chapters and Collected Works

  • Steven C. Salop, Serge Moresi & John R. Woodbury, Market Definition and Multi-Product Firms in Merger Analysis, in Antitrust Economics for Lawyers §§ 1.01-1.05 (LexisNexis 2017 ed.).    [SSRN] [Gtown Law] [WWW]
  • Steven C. Salop, Sirius/XM Satellite Radio Merger (2008), in The Antitrust Revolution: Economics, Competition, and Policy 92-116 (New York: Oxford University Press 6th ed. 2014).    [BOOK]
  • Steven C. Salop, Economic Analysis of Exclusionary Vertical Conduct: Where Chicago Has Overshot the Mark, in How the Chicago School Overshot the Mark 141-155 (Robert Pitofsky ed., Oxford: Oxford University Press 2008).    [BOOK]
  • Steven C. Salop, The Controversy Over the Proper Antitrust Standard for Anticompetitive Exclusionary Conduct, in 2006 Fordham Competition L. Inst. 477-508 .   
  • Steven C. Salop & Serge Moresi, A Few Righteous Men: Imperfect Information, Quit-for-Tat, and Critical Mass in the Dynamics of Cooperation, in Economics for an Imperfect World: Essays in Honor of Joseph E. Stiglitz 183-194 (Richard Arnott, Bruce Greenwald, Ravi Kanbur & Barry Nalebuff eds., Cambridge, Mass.: MIT Press 2003).    [SSRN]
  • Steven C. Salop, Howard Beales & Richard Craswell, The Efficient Regulation of Consumer Information, in Regulation, Economics and the Law 160-208 (Anthony I. Ogus ed., Northampton, Mass.: Edward Elgar 2001).    [BOOK]

U.S. Supreme Court Briefs

  • Brief of Antitrust Scholars as Amici Curiae in Support of Respondent, N.C. State Bd. of Dental Examiners v. Fed. Trade Comm'n, No. 13-534 (U.S. Aug. 6, 2014).   

Congressional Testimony

  • Antitrust Remedies Reform: Hearing on S. 2162 Before the S. Comm. on the Judiciary, 99th Cong., March 21, 1986 (Statement of Steven C. Salop) (CIS-No. 87-S521-5).   

Selected Contributions to Other Publications

  • Steven C. Salop & Carl Shapiro, Whither Antitrust Enforcement in the Trump Administration?, Antitrust Source, Feb. 2017, at 1-20.    [SSRN] [Gtown Law] [WWW]
  • Steven C. Salop, Evaluating Joint Ventures: An Economic Analysis Checklist, Antitrust, Summer 2016, at 19-22.    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop, Modifying Merger Consent Decrees to Improve Merger Enforcement Policy, Antitrust, Fall 2016, at 15-20.    [HEIN] [W] [SSRN] [Gtown Law]
  • Steven C. Salop & Carl Shapiro, Jean Tirole's Nobel Prize in Economics: The Rigorous Foundations of Post-Chicago Antitrust Economics, Antitrust, Spring 2015, at 76-81.    [HEIN] [W]
  • Steven C. Salop & Fiona Scott Morton, Developing an Administrable MFN Enforcement Policy, Antitrust, Spring 2013, at 15-19.    [HEIN] [W]
  • Steven C. Salop, Serge X. Moresi & John R. Woodbury, Implementing the Hypothetical Monopolist SSNIP Test with Multi-Product Firms, Antitrust Source, Feb. 2008, at 1-8.    [WWW]
Recent scholarship

In the News

"AT&T Would Test Antitrust Cops -- WSJ," by FOX Business News, November 16, 2017, quoting Professor Steven Salop.

"Why a DOJ vs. AT&T-Time Warner Case Could Be a Close Call," by the Wall Street Journal, November 15, 2017, quoting Professor Steven Salop. The WSJ's story was also reported by Fox Business News.

"AT&T's battle with Trump administration could enter rare territory," by CNNMoney, November 10, 2017, quoting Professor Steven Salop.

"Why the Department of Justice Put the Brakes on the AT&T - Time Warner Merger," coverage in Breitbart, November 9, 2017, featuring Professor Steven Salop.

"Is Donald Trump Using the DOJ to Crush CNN?," coverage in The Atlantic, November 8, 2017, featuring Professor Steven Salop.

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All News

"AT&T Would Test Antitrust Cops -- WSJ," by FOX Business News, November 16, 2017, quoting Professor Steven Salop.

"Why a DOJ vs. AT&T-Time Warner Case Could Be a Close Call," by the Wall Street Journal, November 15, 2017, quoting Professor Steven Salop. The WSJ's story was also reported by Fox Business News.

"AT&T's battle with Trump administration could enter rare territory," by CNNMoney, November 10, 2017, quoting Professor Steven Salop.

"Why the Department of Justice Put the Brakes on the AT&T - Time Warner Merger," coverage in Breitbart, November 9, 2017, featuring Professor Steven Salop.

"Is Donald Trump Using the DOJ to Crush CNN?," coverage in The Atlantic, November 8, 2017, featuring Professor Steven Salop.

"Is Amazon getting too big?," coverage by Taranaki Daily News Online, July 29, 2017, quoting Professor Steven Salop.

"Is Amazon getting too big?," coverage by The Washington Post, July 28, 2017, quoting Professor Steven Salop.

"FTC likely to approve Whole Foods deal even if Amazon did deceive customers," coverage by Yahoo! Finance, July 21, 2017, quoting Professor Steven Salop.

"Would the Trump administration block a merger just to punish CNN?" coverage by the Washington Post, July 6, 2017, quoting Professor Steven Salop.

"On Antitrust, Trump Signals a Return to the Bush Years," coverage by U.S. News & World Report, December 9, 2016, quoting Professor Steven Salop.

"Why a Media Merger That Should Go Through Might Not," coverage in The New York Times, October 25, 2016, featuring a 2014 report by Professor Steven C. Salop.

Competition 2016: Economists Analysis,” coverage in Who’s Who Legal, March 17, 2016, identifying Professor Steven Salop as a leading competition economist.

Lifetime Achiever: Robert Pitofsky, Arnold & Porter,” coverage by the American Lawyer, August 24, 2015, quoting Professor Steven Salop about Dean Emeritus Robert Pitofsky.

"U.S. judge rejects Fed cap on debit card swipe fees," coverage in Reuters, July 31, 2013, about a ruling by the U.S. District Court for the District of Columbia. The decision cites the scholarship of Professor Steven Salop.

"Supreme Court Declines to Hear Eaton Corp Antitrust Case," coverage by Thomson Reuters, April 29, 2013, featuring Professor Steven Salop

"Ex-FTC Head Says Lawmakers Expected Him to Toe Democratic Line," coverage by Thomson Reuters, April 15, 2013, featuring Professor Steven Salop

Recent News

On The Web

Maps & Directions

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