Steven Salop
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Steven Salop
Steven C. Salop (born December 23, 1946) is an American economist and academic whose work focuses on antitrust policy. He is a professor of economics and law at the Georgetown University Law Center. Salop is known for his scholarship on exclusionary practices and vertical mergers. Together with David Scheffman, he popularized the concept of raising rivals' costs as an antitrust violation. Education Salop earned his undergraduate degree at the University of Pennsylvania in 1968 and a Ph.D. in Economics from Yale University in 1972. Career Before joining the Georgetown Law faculty in 1981, he served as Associate Director for Special Projects with the Bureau of Economics of the Federal Trade Commission, as an adjunct professor of economics at the University of Pennsylvania. He was also an economist with the Civil Aeronautics Board and Federal Reserve Board. Salop teaches courses in Antitrust Law, Economic Reasoning and the Law, and has conducted a Faculty Workshop in Law an ...
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Raising Rivals' Costs
Raising rivals' costs is a concept or theory in United States antitrust law describing a tactic or device to gain market share or exclude competitors. The origin of the concept has been attributed to Professors Aaron Director and Edward H. Levi of the University of Chicago Law School, who wrote briefly in 1956 that a firm with monopoly power can decide to impose additional costs on others in an industry for exclusionary purposes. They stated that such a tactic "might be valuable if the effect of it would be to impose greater costs on possible competitors." For example, a capital-intensive firm might agree with a union to impose higher wages in the industry, to the disadvantage of labor-intensive rivals. The concept of raising rivals' costs was developed more thoroughly in the 1980s in a series of articles by Jaunusz A. Ordover, Garth Saloner, Steven C. Salop, David T. Scheffman The concept of raising rivals' costs has been the basis for finding an antitrust violation in such rebate- ...
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Association Of American Law Schools
The Association of American Law Schools (AALS), formed in 1900, is a non-profit organization of 176 law schools in the United States. An additional 19 schools pay a fee to receive services but are not members. AALS incorporated as a 501(c)(3) non-profit educational organization in 1971. The association is a member of both the American Council on Education and the American Council of Learned Societies Its headquarters are in Washington, D.C. History In August 1905, a new quarterly law publication was announced in the annual meeting held in Fort Wayne, Indiana. Henry Wade Rogers, dean of Yale Law School served as the president and 25 law schools were represented. Leadership Erwin Chemerinsky, dean of University of California, Berkeley School of Law, became president of AALS on January 8, 2022.  The president-elect is Mark Alexander, dean of Villanova University Charles Widger School of Law, and Vincent D. Rougeau, president of the College of the Holy Cross, is the immediate pa ...
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Georgetown University Law Center Faculty
Georgetown or George Town may refer to: Places Africa *George, South Africa, formerly known as Georgetown *Janjanbureh, Gambia, formerly known as Georgetown *Georgetown, Ascension Island, main settlement of the British territory of Ascension Island Asia *Georgetown, Allahabad, India *George Town, Chennai, India *George Town, Penang, capital city of the Malaysian state of Penang Europe *Georgetown, Blaenau Gwent, now part of the town of Tredegar in Wales * Georgetown, Dumfries and Galloway, a location in Dumfries and Galloway, Scotland *Es Castell in Minorca, Spain, originally called Georgetown North and Central America Canada *Georgetown, Alberta * Georgetown, Newfoundland and Labrador *Georgetown, Ontario *Georgetown, Prince Edward Island Caribbean *George Town, Bahamas, a village in Exuma District, Bahamas * George Town, Belize, a village in Stann Creek District, Belize *George Town, Cayman Islands, the capital city on Grand Cayman * Georgetown, Saint Vincent and the Grenadi ...
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Yale University Alumni
Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the world. It is a member of the Ivy League. Chartered by the Connecticut Colony, the Collegiate School was established in 1701 by clergy to educate Congregational ministers before moving to New Haven in 1716. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century, the college expanded into graduate and professional instruction, awarding the first PhD in the United States in 1861 and organizing as a university in 1887. Yale's faculty and student populations grew after 1890 with rapid expansion of the physical campus and scientific research. Yale is organized into fourteen constituent schools: the original undergraduate colleg ...
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University Of Pennsylvania Alumni
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, the designation is reserved for colleges that have a graduate school. The word ''university'' is derived from the Latin ''universitas magistrorum et scholarium'', which roughly means "community of teachers and scholars". The first universities were created in Europe by Catholic Church monks. The University of Bologna (''Università di Bologna''), founded in 1088, is the first university in the sense of: *Being a high degree-awarding institute. *Having independence from the ecclesiastic schools, although conducted by both clergy and non-clergy. *Using the word ''universitas'' (which was coined at its foundation). *Issuing secular and non-secular degrees: grammar, rhetoric, logic, theology, canon law, notarial law.Hunt Janin: "The university ...
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Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ...
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1946 Births
Events January * January 6 - The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 - Enver Hoxha declares the People's Republic of Albania, with himself as prime minister of Albania, prime minister. * January 16 – Charles de Gaulle resigns as head of the Provisional Government of the French Republic, French provisional government. * January 17 - The United Nations Security Council holds its first session, at Church House, Westmin ...
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American Antitrust Institute
The American Antitrust Institute (AAI) is a Washington, D.C.-based non-profit education, research, and advocacy organization. The AAI advocates for more aggressive antitrust enforcement by the federal government. History and funding Founded in April 1998, AAI is a 501(c)(3) tax-exempt Washington, D.C., corporation. The AAI is funded through contributions from a wide variety of law firms, economics consulting firms, corporations, trade associations, and individuals, with substantial support from cy-près grants approved by courts in antitrust cases. According to ''The New York Times'', the organization "has received funding from some tech companies." Activities The AAI is known for calling on the federal government to investigate or block mergers that the Institute deems as anticompetitive and harmful to consumers. The AAI's policy approach has been described as one that "favors strong enforcement of the traditional approach to antitrust", in contrast to tendencies such as the ...
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CRA International
Charles River Associates (legally CRA International, Inc.) is a global consulting firm headquartered in Boston. Practice areas Their practices include: aerospace & defense, antitrust & competition economics, auctions & competitive bidding, climate & sustainability, energy & environment, enterprise risk management, financial accounting & valuation, financial markets, financial economics, forensic services, insurance economics, intellectual property, labor & employment, life sciences, mergers & acquisitions, and transfer pricing. History CRA acquired economic consultancy firm Lexecon in 2005 to expand its practice into Europe and the United Kingdom. Marakon, which CRA acquired in 2009, forms part of their management consulting practice. Marakon Associates was founded in 1978 and pioneered value-based management (VBM) from the mid 1980s based on the academic work of Dr. Bill Alberts. This management principle, also known as managing for value (MFV), states that management should ...
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University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. Among its highly ranked graduate schools are its law school, whose first professor wrote the first draft of the United States Constitution, its medical school, the first in North America, and Wharton, the first collegiate business school. Penn's endowment is US$20.7 billio ...
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Federal Reserve Board Of Governors
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the preside ...
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