This document is available in two formats: this web page (for browsing content) and PDF (comparable to original document formatting). To view the PDF you will need Acrobat Reader, which may be downloaded from the Adobe site. For an official signed copy, please contact the Antitrust Documents Group.


F. M. Scherer is Aetna Professor Emeritus at the John F. Kennedy School of Government, Harvard University. He has also taught at the University of Michigan, Northwestern University, Swarthmore College, Haverford College, the Central European University, and the University of Bayreuth. In 1974-76, he was chief economist at the Federal Trade Commission. His undergraduate degree was from the University of Michigan; he received his M.B.A. and Ph.D. from Harvard University. His research specialties are industrial economics and the economics of technological change, leading inter alia to books on Industrial Market Structure and Economic Performance (third edition with David Ross); The Economics of Multi-Plant Operation: An International Comparisons Study (with three co-authors); International High-Technology Competition; Competition Policies for an Integrated World Economy; Mergers, Sell-offs, and Economic Efficiency (with David J. Ravenscraft); Innovation and Growth: Schumpeterian Perspectives; The Weapons Acquisition Process (two volumes, one with M. J. Peck); Industry Structure, Strategy, and Public Policy; New Perspectives on Economic Growth and Technological Innovation, and most recently, Quarter Notes and Bank Notes: The Economics of Music Composition in the 18th and 19th Centuries. His web home page is found at