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Department of Economics
Washington, D.C. 20057
Tel: (202) 687 6112
Fax: (202) 687 6102
| HOME |
3710 Warren Street, NW
Washington, D.C. 20016
Tel: (202) 363-1896
EDUCATION University of California, Los Angeles
Ph.D. in Economics,
M.A. in Economics,
London School of Economics
B.Sc. in Economics
PROFESSIONAL EXPERIENCE Georgetown University, Department of Economics
Director of Graduate Studies
Undergraduate Courses Taught
Mergers & Corporate Control
Topics in Competition and Regulation
Graduate Courses Taught
Macroeconomic Theory I
Macroeconomic Theory II
Microeconomics: special course in Pew Freedom Fellows Program
Council of Economic Advisers, Executive Office of the President
June 1995 May 1996 (part-time consultant April & May 1995 and June 1996)
Served as the senior economist principally responsible for antitrust, regulated industries, and other industrial organization matters. Work included: 1996 Telecommunications Act; competition in international satellite services; competition in the electric utility industry; reforming the patent and trademark office; intellectual property rights; international trade disputes; health care.
U.S. Department of Justice, Antitrust Division
June 1996 - present
Economist (part time)
January 1983 - May 1995
Economist (full time)
October 1980 - December 1982
Analyzed various competitive issues posed by Bell Company entry into long-distance telecommunications services and submitted affidavit to Federal Communications Commission on behalf of Justice Department.
Presented expert testimony to courts in successful challenges of merger and of consent decree.
Investigated mergers in several industries and helped to design appropriate relief.
- Business Practices
Worked on vertical-restraints cases (tying, exclusive dealing, resale price maintenance, exclusive territorial arrangements) and horizontal-conduct cases (collusion and predation).
- Legislation, Congressional Matters, Division Reports
Provided input to Antitrust Division's Merger Guidelines (1992) and Vertical Restraints Guidelines(1984). Helped draft Division comments on various Congressional legislation and responses to inquiries in several areas including price discrimination and dealer termination.
- Cooperation with Foreign Competition Authorities
Interacted with competition officials from several countries and agencies. Helped comment on following documents:
- Canadian Fair Trade Commission's guidelines on predatory pricing, and on price discrimination;
- Japanese Fair Trade Commission's guidelines on distribution systems, on sole import distributorships, and on joint R&D;
- Korean Fair Trade Commission's guidelines on unfair trade practices in international agreements;
- OECD papers on predatory pricing, on competition policy and franchising, and on interaction between trade and competition policies.
Other Professional Experience
The Brattle Group, Economic, Environmental & Management Counsel, Cambridge, MA and Washington DC
November 20-22, 1995
Lecturer in Seminar on Vertical Restraints for competition officials from Czech Republic, Hungary, Poland, and Slovakia in Cracow, Poland. Consultant in private antitrust and regulatory matters
Participated in designing and teaching a short course in industrial organization to policymakers and executives in Santiago, Chile
Pew Freedom Fellows Program
Annually, January 1993 present
Taught short course in microeconomics to twenty Fellows from transition economies. (Fellows hold middle-level or upper-level positions in government and private business)
Academic Advisory Board
Center for Economic Development, Slovakia
Abt Associates / USAID
Advised Government of Zimbabwe in Harare on formulating antitrust law, (consultant to Abt, work funded by USAID's Implementing Policy Change Project)
Read, Write, and Speak
English, French, Hebrew
Read and Speak
HONORSU.S. Department of Justice, Antitrust Division
Special Achievement Awards
Research Fellow, 1979-80
University of California, Los Angeles
Earhart Fellowship, 1977-78
University of California, Los Angeles
Regents Fellowship, 1976-77
London School of Economics
Premchand Prize in Monetary Economics, 1976
"A Quality-Signaling Rationale for Aftermarket Tying"
Antitrust Law Journal, vol. 64 (Winter 1996): 387-404 (with Gregory J. Werden).
"The Non-Existence of Pairwise-Proof Equilibrium"
Economics Letters, vol. 49 (1995): 251-259 (with R. Preston McAfee).
"Equity as a Call Option on Assets: Some Tests for Failed Banks"
Economics Letters, vol. 48 (1995): 389-397 (with Behzad Diba and Chia-Hsiang Guo).
"Parallel Imports, Demand Dispersion, and International Price Discrimination"
Journal of International Economics, vol. 37 (November 1994): 167-195 (with David Malueg).
"Opportunism in Multilateral Vertical Contracting: Nondiscrimination, Exclusivity, and Uniformity"
American Economic Review, vol. 84 (March 1994): 210 230 (with R. Preston McAfee).
"Preemptive Investment, Toehold Entry, and the Mimicking Principle"
RAND Journal of Economics, vol. 22 (Spring 1991): 1 13 (with David Malueg).
"Patent Protection through Discriminatory Exclusion of Imports"
Review of Industrial Organization, vol. 6 (No. 3, 1991): 231 246.
"Third Degree Price Discrimination and Output: Generalizing a Welfare Result"
American Economic Review, vol. 80 (December 1990): 1259-1262.
"Investments in Oligopoly: Welfare Effects and Tests for Predation"
Oxford Economic Papers, vol. 41 (October 1989): 698-719.
"Entry Deterrence Externalities and Relative Firm Size"
International Journal of Industrialb Organization, vol. 6 (June 1988): 181-197 (with Michael Baumann).
"The Competitive Effects of Vertical Agreements: Comment"
American Economic Review, vol. 77 (December 1987): 1063-1068.
"The Nature and Scope of Contestability Theory"
Oxford Economic Papers, vol. 38 Supplement (November 1986): 37-57. This issue of the journal was published in parallel as Strategic Behavior and Industrial Competition, Morris et al. Eds., Oxford University Press, 1986.
"The Perverse Effects of the Robinson-Patman Act"
Antitrust Bulletin, vol. 31 (Fall 1986): 733-757.
"Divisionalization and Entry Deterrence,"
Quarterly Journal of Economics, vol. 101 (May 1986): 307-321 (with Earl Thompson).
"Illinois Brick and the Deterrence of Antitrust Violations"
Hastings Law Journal, vol. 35 (March 1984): 629 668 (with Gregory Werden).
"Contestable Markets: An Uprising in the Theory of Industry Structure: Comment"
American Economic Review, vol. 73 (June 1983): 488-490 (with Robert Reynolds).
Monographs, Book Reviews, and Other Publications
"Telecommunications Reform in the United States: Promises and Pitfalls"
In Paul J.J. Welfens and George Yarrow, Eds., Telecommunications and Energy in Systemic Transformation, Heidelberg and New York: Springer, 1997.
"Protecting Intellectual Property by Excluding Infringing Imports: An Economist's View of Section 337 of the U.S. Tariff Act"
Patent World, Issue 25 (September 1990): 29-35.
Review Essay of: Jean Tirole, The Theory of Industrial Organization
MIT Press, 1988. Managerial and Decision Economics, Vol. 11 (May 1990): 131-139.
Book Review of: J. Stiglitz and F. Mathewson eds., New Developments in the Analysis of Market Structure
MIT Press, 1988. Journal of Economic Literature, Vol. 36 (March 1988): 133-135.
Published in German by Forschungsinstitut fur Wirtschaftsverfassung und Wettbewer by E.V. Koln, Heft 5, 1984.
Discussion Papers and Work in Progress
"Towards Competition in International Satellite Services: Rethinking the Role of INTELSAT"
Paper distributed at OECD Ad Hoc Meeting of Experts on Competition in Satellite Services, Paris, June 1995 (with Joseph E. Stiglitz and Eric Wolff).
"Competitive Markets in Generation: Economic Theory and Public Policy"
Paper presented at conference on "Electric Utility Restructuring: Whither Competition?" organized by International Association for Energy Economics Los Angeles Chapter, and Micronomics Inc., Los Angeles, May 1995.
"Exclusive Dealing for Rent Extraction"
Mimeo, January 1994 (with Serge Moresi and Francis O'Toole).
"Option Values of Deposit Insurance and Market Values of Net Worth: Some Evidence for U.S.Banks"
Mimeo, December, 1992 (with Behzad Diba and Chia-Hsiang Guo).
"Do Sunk Costs Discourage or Encourage Collusion?"
U.S. Department of Justice, Antitrust Division, EPO Discussion Paper 85-10 (September 1985).
"Signalling Equilibria Based on Sensible Beliefs: Limit Pricing Under Incomplete Information"
U.S. Department of Justice, Antitrust Division, EPO Discussion Paper 84-4 (May 1984) (with Maxim Engers).
OTHER SCHOLARLY ACTIVITIES
Bureau of Competition Policy, Industry Canada
California State University, Hayward
Federal Trade Commission
George Washington University
International Trade Commission
Johns Hopkins University
New York University
Pennsylvania State University
Simon Fraser University
U.S. Department of Justice
University of Alberta
University of British Columbia
University of Calgary
University of California, Davis
University of California, Los Angeles
University of Maryland
University of Montreal
University of Pennsylvania
University of Toronto
University of Virginia
Conferences: Speaker or Discussant
Economics of Interconnection Forum
Federal Communications Commission, Washington DC, May 1996
Authors' Symposium on Competition Policy and Intellectual Property Rights
Canadian Bureau of Competition, Aylmer, Quebec, May 1996
Electric Generation Association
Annual Meetings, West Palm Beach, April 1996
"Wheeling & Dealing: Opportunities and Challenges in the New Electric Industry"
Conference sponsored by the Center for Regulatory Studies, Illinois State University and the Institute of
Government and Public Affairs, University of Illinois- Urbana, Chicago, April 1996
"New Social and Economic Approaches to a Multimedia World"
OECD Symposium, Tokyo, March 1996
"Telecommunications and Energy Regulation in Transition Economies"
Center for Economic Development, Bratislava, October 1995
"Electric Utility Restructuring: Whither Competition?"
Organized by International Association for Energy Economics Los Angeles Chapter, and Micronomics Inc., Los Angeles, May 1995.
"New Learning on Barriers to Entry in Competition Policy"
Canadian Bureau of Competition, Ottawa, March 1995
Southeastern Economic Theory Meetings
Charlottesville, October 1994
Tel Aviv, September 1993
Midwest International Economics Meetings
Pittsburgh, October 1992
Latin American Econometric Society
Mexico City, September 1992
Conference on Industrial Organization
Carleton University, Ottawa, July 1991
Workshop on Strategic and Dynamic Aspects of International Trade
SUNY at Stony Brook, July 1991
AEI Conference on "Innovation, Intellectual Property and World Competition"
Washington DC, September 1990
Lisbon, September 1990
Conference on "International Trade and Technology"
Brussels and London, November 1989
Budapest, August 1989
Conference on Strategy and Market Structure
Dundee University, Dundee, August 1988
Conference on "Firm Ownership and Competition"
Graduate School of Business, Stanford University, June 1987
Berlin, August 1986
AEA Annual Meetings
Dallas, December 1984
Referee for Professional Journals
American Economic Review
Canadian Journal of Economics
International Economic Review
International Journal of Industrial Organization
Journal of Business
Journal of Business Economics
Journal of Economic Dynamics and Control
Journal of Economic Theory
Journal of Economics and Management Strategy
Journal of Industrial Economics
Journal of Political Economy
Managerial and Decision Economics
Quarterly Journal of Economics
Quarterly Review of Economics and Business
RAND Journal of Economics
Review of Industrial Organization
Review of International Economics
Scandinavian Journal of Economics
Outside Evaluator--Research Proposals and Tenure & Promotion Cases
National Science Foundation
Small Business Administration
Several economics departments (identities disclosed on request)