Steve Salop on Post-Chicago Antitrust, Raising Rivals’ Costs, and Modern Economic Analysis

Joseph V. Coniglio talks with Georgetown emeritus professor Steven C. Salop about the rise of strategic oligopoly models, the evolving lawyer–economist relationship, and debates over consumer welfare versus broader goals like democracy and inequality. Publications Mentioned Salop, Steven C. "Monopolistic Competition with Outside Goods." The Bell Journal of Economics 10, no. 1 (1979): 141–156.  Salop, Steven C., ed. Strategy, Predation, and Antitrust Analysis. Washington, DC: Federal Trade Commission, Bureau of Economics, Bureau of Competition, 1981.  Salop, Steven C., and David T. Scheffman. "Raising Rivals' Costs." The American Economic Review 73, no. 2 (1983): 267–271.  Baker, Jonathan B., and Steven C. Salop. "Antitrust, Competition Policy, and Inequality." Georgetown Law Journal Online 104 (2015): 1–28.  Salop, Steven C. Modern Economic Analysis: An Antitrust Law Guide. Washington, DC: Steven C. Salop, 2024. Cases Mentioned United States v. Aluminum Co. of America, 148 F.2d 416 (2d Cir. 1945).  United Mine Workers v. Pennington, 381 U.S. 657 (1965).  Brooke Group Ltd. v. Brown & Williamson Tobacco Corp., 509 U.S. 209 (1993).  United States v. United States Steel Corp., 251 U.S. 417 (1920).