Curriculum Vitae


Department of Economics
New York University
269 Mercer Street
New York, New York 10003

Office: (212) 998-8956
Fax: (212) 995-3932



Columbia University, New York, New York.

Graduate Department of Economics and European Institute of the School of International Affairs

Doctoral Dissertation: Three Essays on Economic Theory, May 1973
McGill University, Montreal, Canada.

Departments of Economics and Political Science
Warsaw University, Warsaw, Poland.

Department of Political Economy


Columbia University: Highest distinction for the doctoral dissertation
Columbia University: Honorary President's Fellow
Columbia University: President's Fellow
McGill University: Honors Student
1964, 1965
Warsaw University: Award for Academic Achievement, Department of Political Economy

Who's Who in the World
Who's Who in America
Who's Who in the East


June 1982 - present
Professor of Economics
Department of Economics, New York University, New York, New York
Sept. 1996 - present
Director of Masters in Economics Program
Department of Economics, New York University
Summer 1996
International Program on Privatization and Reform
Institute for International Development, Harvard University, Cambridge, Massachusetts
Aug. 1991 - Oct. 1992
Deputy Assistant Attorney General for Economics
Antitrust Division
United States Department of Justice, Washington, D.C.
Sept. 1989 - July 1990
Visiting Professor of Economics
School of Management and Organization, Yale University, New Haven, Connecticut

Lecturer in Law
Yale Law School
Mar. 1984 - June 1988
Visiting Professor of Economics
Universita Commerciale "Luigi Bocconi", Milan, Italy.
June 1982 - Feb. 1985
Director of Graduate Studies
Department of Economics, New York University
Sept. 1982 - June 1986
Adjunct Professor of Law (part-time)
Columbia University Law School, New York, New York
Feb. 1982 - June 1982
Acting Director of Graduate Studies
Department of Economics, New York University
June 1978 - June 1982
Associate Professor of Economics
Department of Economics, New York University
Sept. 1979 - May 1990
Lecturer in Economics and Antitrust
New York University Law School
Sept. 1977 - June 1978
Member, Technical Staff
Bell Laboratories, Holmdel, New Jersey

Associate Professor of Economics
Columbia University

Visiting Research Scholar
Center for Law and Economics, University of Miami, Miami, Florida
Sept. 1973 - Aug. 1977
Assistant Professor of Economics
New York University
Summer 1976
Legal Institute for Economists, Center for Law and Economics, University of Miami
Summer 1976
Visiting Researcher
Bell Laboratories, Holmdel, New Jersey

Board of Editors
Antitrust Report
1995 - present
Consultant, The World Bank
Fall 1995
Testimony, Hearings of the Federal Trade Commission
"Anticipating the 21st Century: Competition Policy in the New High-Tech, Global Marketplace," Washington, D.C.
1994 - 1996
Senior Affiliate
Law and Economics Consulting Group, Emoryville, California
1994 - present
Senior Affiliate
Consultants in Industry Economics, LLC, Princeton, New Jersey
1993 - 1994
Consultants in Industry Economics, Inc., Princeton, New Jersey
1992 - 1993
Vice-Chair (pro tempore)
Economics Committee, American Bar Association, Chicago, Illinois
1992 - 1995
Senior Consultant
Organization for Economic Cooperation and Development, Paris, France
1990 - 1991
Senior Consultant
Organization for Economic Cooperation and Development
Member, Ad-hoc Working Group on Bulgaria's Draft Antitrust Law
The Central and East European Law Initiative
American Bar Association
1990 - 1991
Advisor to Polish Ministry of Finance and Anti-Monopoly Office
Warsaw, Poland
1990 - 1991
Member, Special Committee on Antitrust
Section of Antitrust Law, American Bar Association
1990 - 1991
Director and Senior Advisor
Putnam, Hayes & Bartlett, Inc., Washington, D.C.
1990 - 1996
Member, Predatory Pricing Monograph Task Force
Section of Antitrust Law, American Bar Association
Apr. 12, 1989
Witness, Hearings on Competitive Issues in the Cable TV Industry
Subcommittee on Monopolies and Business Rights of the Senate Judiciary Committee
Washington, D.C.
EEC Merger Control Task Force, American Bar Association
1988 - present
Associate Member
American Bar Association
1987 - 1989
Adjunct Member
Antitrust and Trade Regulation Committee
The Association of the Bar of the City of New York
Speaker, "Industrial and Intellectual Property: The Antitrust Interface"
National Institutes, American Bar Association, Philadelphia, Pennsylvania
1983 - 1990
Consultants in Industry Economics, Inc.
Member, Organizing Committee
Tenth Annual Telecommunications Policy Research Conference, Annapolis, Maryland
Section 7 Clayton Act Committee, Project on Revising Merger Guidelines
American Bar Association
Organizer, Invited Session on Law and Economics
American Economic Association Meetings, Denver, Colorado
1978 - 1979
Member, Department of Commerce Technical Advisory Board
Scientific and Technical Information Economics and Pricing Subgroup
Referee for numerous scholarly journals, publishers, and the National Science Foundation.


American Economic Association
American Bar Association


A. Journal Articles

"Parity Pricing and its Critics: Necessary Condition for Efficiency in Provision of Bottleneck Services to Competitors," with W. J. Baumol and R.D.Willig, Yale Journal on Regulation, vol. 14, Winter 1997, 146-63.

"Competition and Trade Law and the Case for a Modest Linkage," with E. Fox, World Competition, Law and Economics Review, vol. 19, December 1995, 5-34.

"On the Perils of Vertical Control by a Partial Owner of Downstream Enterprise," with W.J. Baumol, Revue D'Economie Industrielle, No. 69, 3e Trimestre 1994, 7-20.

"Competition Policy for Natural Monopolies in Developing Market Economy," with R.W. Pittman and P. Clyde, Economics of Transition, vol. 2, no. 3, September 1994, 317-343; reprinted in B. Clay (ed), De-monopolization and Competition Policy in Post-Communist Economies, Westview Press 1996, 159-193.

"The 1992 Agency Horizontal Merger Guidelines and the Department of Justice's Approach to Bank Merger Analysis," with M. Guerin-Calvert, Antitrust Bulletin, vol. 37, no. 3, 667-688; reprinted in Proceedings of the 1992 Conference on Bank Structure and Competition: Credit Markets in Transition, Federal Reserve Bank of Chicago, 1992, 541-560.

"Entry Analysis Under the 1992 Horizontal Merger Guidelines," with Jonathan B. Baker, Antitrust Law Journal, vol. 61, no. 1, Summer 1992, 139-146.

"Economics and the 1992 Merger Guidelines: A Brief Survey," with Robert D. Willig, Review of Industrial Organization, vol. 8, 139-150, 1993. Reprinted in E. Fox and J. Halverson (eds.), Collaborations Among Competitors: Antitrust Policy and Economics, American Bar Association, 1992, 639-652.

"Equilibrium Vertical Foreclosure: A Reply," with G. Saloner and S.A. Salop, American Economic Review, vol. 82, no. 3, 1992, 698-703.

"A Patent System for Both Diffusion and Exclusion," Journal of Economic Perspectives, vol. 5, Winter 1991, 43-60.

"R&D Cooperation and Competition," with M. Katz, Brookings Papers on Economic Activity: Microeconomics, 1990, 137-203.

"Equilibrium Vertical Foreclosure," with G. Saloner and S. Salop, American Economic Review, vol. 80, March 1990, 127-142.

"Antitrust Policy for High-Technology Industries," with W.J. Baumol, Oxford Review of Economic Policy, vol. 4, Winter 1988, 13-34. Reprinted in E. Fox and J. Halverson (eds.), Collaborations Among Competitors: Antitrust Policy and Economics, American Bar Association, 1991, 949-984.

"Conflicts of Jurisdiction: Antitrust and Industrial Policy," Law and Contemporary Problems, vol. 50, Summer 1987, 165-178.

"Market Structure and Optimal Management Organization," with C. Bull, Rand Journal of Economics, vol. 18, no. 4, Winter 1987, 480-491.

"A Sequential Concession Game with Asymmetric Information," with A. Rubinstein, Quarterly Journal of Economics vol. 101, no.4, November 1986, 879-888.

"The G.M.-Toyota Joint Venture: An Economic Assessment," with C. Shapiro, Wayne Law Journal, vol. 31, no. 4, 1985, 1167-1194.

"Economic Foundations and Considerations in Protecting Industrial and Intellectual Property: An Introduction," ABA Antitrust Law Journal, vol. 53, no. 3, 1985. 503-518, Comments, 523-532.

"Antitrust for High-Technology Industries: Assessing Research Joint Ventures and Mergers," with R.D. Willig, Journal of Law and Economics, vol. 28, May 1985, 311-334.

"Use of Antitrust to Subvert Competition," with W.J. Baumol, Journal of Law and Economics, vol. 28, May 1985, 247-266. Reprinted in Journal of Reprints for Antitrust Law and Economics, vol. 16, no. 2.

"Advances in Supervision Technology and Economic Welfare: A General Equilibrium Analysis," with C. Shapiro, Journal of Public Economics, vol. 25/3, 1985, 371-390.

"Predatory Systems Rivalry: A Reply," with A.O. Sykes and R.D. Willig, 83 Columbia Law Review, June 1983, 1150-1166. Reprinted in Corporate Counsel's Annual-1984 edition, Matthew Bender & Company, 1984, 433-450.

"The 1982 Department of Justice Merger Guidelines: An Economic Assessment," with R.D. Willig, 71 California Law Review, March 1983,535-574. Reprinted in Antitrust Policy in Transition: The Convergence of Law and Economics, E. Fox and J. Halverson (eds.), American Bar Association Press, 1984, 267-304.

"Unfair International Trade Practices," with A. Sykes and R.D. Willig, 15 Journal of International Law and Politics, Winter 1983, 323-338.

"On Non-linear Pricing of Inputs," with J. Panzar, International Economic Review, October 1982, 659-675.

"Herfindahl Concentration, Rivalry and Mergers," with A. Sykes and R.D. Willig, Harvard Law Review, vol. 95, June 1982, 1857-1875.

"A Reply to 'Journals as Shared Goods: Comment,'" with R.D. Willig, American Economic Review, June 1982, 603-607.

"Proposed Revisions to the Justice Department's Merger Guidelines," with S. Edwards, et al., Columbia Law Review, vol. 81, December 1981, 1543-1591.

"An Economic Definition of Predation: Pricing and Product Innovation," with R.D. Willig, Yale Law Journal, vol. 91, November 1981, 8-53.

"On the Consequences of Costly Litigation in the Model of Single Activity Accidents: Some New Results," Journal of Legal Studies, June 1981, 269-291.

"On the Political Sustainability of Taxes," with A. Schotter, American Economic Review Papers and Proceedings, May 1981, 278-282.

"Information and the Law: Evaluating Legal Restrictions on Competitive Contracts," with A. Weiss, American Economic Review Papers and Proceedings, May 1981, 399-404.

"Redistributing Incomes: Ex Ante or Ex Post," Economic Inquiry, April 1981, 333-349.

"On the Nonexistence of Pareto Superior Outlay Schedules," with J. Panzar, The Bell Journal of Economics, Spring 1980, 351-354.

"The Role of Information in the Design of Public Policy Towards Externalities," with R.D. Willig, Journal of Public Economics, December 1979, 271-299.

"On the Concept of Optimal Taxation in the Overlapping-Generations Model of Efficient Growth," with E.S. Phelps, Journal of Public Economics, August 1979, 1-27.

"Products Liability in Markets With Heterogeneous Consumers," Journal of Legal Studies, June 1979, 505-525.

"Costly Litigation and the Tort Law: Single Activity Accidents," Journal of Legal Studies, June 1978, 243-261.

"On the Optimal Provision of Journals Qua Excludable Public Goods," with R.D. Willig, American Economic Review, June 1978, 324-338.

"Distortionary Wage Differentials in a Two-Sector Growth Model: Some Theorems on Factor Earnings," International Economic Review, June 1978, 321-333.

"On the Optimality of Public-Goods Pricing with Exclusion Devices," with W.J. Baumol, Kyklos, Fasc. 1, 1977, 5-21.

"Public Good Properties in Reality: The Case of Scientific Journals," with W.J. Baumol, Proceedings of the ASIS Meetings, San Francisco, October 1976.

"Merger Illusions and Externalities: A Note," with A. Schotter, Eastern Economic Review, November 1976, 19-21.

"Distributive Justice and Optimal Taxation of Wages and Interest in a Growing Economy, Journal of Public Economics, January 1976, 139-160.

"Linear Taxation of Wealth and Wages for Intragenerational Lifetime Justice: Some Steady-State Cases," with E.S. Phelps, American Economic Review, September 1975, 660-673.

B. Books and Monographs

Proceedings of the Tenth Annual Telecommunications Policy Research Conference, editor with O. Gandy and P. Espinosa, ABLEX Publishers, 1983.

Obstacles to Trade and Competition, with L. Goldberg, OECD, Paris, 1993.

Predatory Pricing, with William Green, et al., American Bar Association, Section of Antitrust Law, Monograph 22, 1996.

Welfare Economics: Readings, editor with W.J. Baumol, Edward Elgar Publishing Ltd. (forthcoming).

C. Book Chapters

"The Harmonization of Competition and Trade Law," with E. Fox, Chap. 15 in L. Waverman, et al. (eds.), Competition Policy in the Global Economy, Routledge, 1997, 407-439.

"Transition to a Market Economy: Some Industrial Organization Issues," with M. Iwanek, Chap. 7 in H. Kierzkowski, et al. (eds.), Stabilization and Structural Adjustment in Poland, Routledge, 1993, 133-170.

"Competition Policies for Natural Monopolies in a Developing Market Economy," with Russell Pittman, Butterworth's Trade and Finance in Central and Eastern Europe, Butterworth Law Publishers Ltd., 1993, 78-88; reprinted in Journal for Shareholders (published by the Russian Union of Shareholder), Moscow, January 1993, 33-36; Versenyfelugyeleti Ertesito (Bulletin of Competition Supervision), Budapest, vol. 3, no. 1-2, January 1993, 30-41; Narodni Hospodarstvi (National Economy), Prague; and USA: Politics, Economics, Ideology, forthcoming, reprinted in ICE: Revista de Economia, No. 736 (December 1994) (in Spanish), 69-90.

"Antitrust: Source of Dynamic and Static Inefficiencies?" with W.J. Baumol, in T. Jorde and D. Teece (eds.), Antitrust, Innovation, and Competitiveness, Oxford University Press, 1992, 82-97. Reprinted in "The Journal of Reprints for Antitrust Law and Economics," vol. 26, no. 1 (1996).

"Economic Foundations of Competition Policy: A Review of Recent Contributions," in W. Comanor, et al., Competition Policy in Europe and North America: Economic Issues and Institutions, Fundamentals of Pure and Applied Economics (Vol. 43), Harwood Academic Publishers, 1990, 7-42.

"The Department of Justice 1988 Guidelines for International Operations: An Economic Assessment," with A.O. Sykes, in B. Hawk (ed.), European/American Antitrust and Trade Laws, Matthew Bender, 1989, 4.1-4.18.

"Predation, Monopolization, and Antitrust," with G. Saloner, in R. Schmalensee and R.D. Willig (eds.), Handbook of Industrial Organization, vol. 1, North Holland, 1989, 538-596.

"Supervision Technology, Firm Structure, and Employees' Welfare," in Prices, Competition and Equilibrium, M. Peston and R.E. Quandt (eds.), Philip Allan Publishers, Ltd., 1986, 142-163.

"Perspectives on Mergers and World Competition," with R.D. Willig, in Antitrust and Regulation, R. Grieson (ed.), Lexington Books, 1986, 201-218.

"Transnational Antitrust and Economics," in Antitrust and Trade Policies in International Trade, B. Hawk (ed.), Matthew Bender, 1985, 233-248.

"Pricing of Interexchange Access: Some Thoughts on the Third Report and Order in FCC Docket No. 78-72," in Proceedings of the Eleventh Annual Telecommunications Policy Research Conference, Vincent Mosco (ed.), ABLEX Publishers, 1984, 145-161.

"Non-Price Anticompetitive Behavior by Dominant Firms Toward the Producers of Complementary Products," with A.O. Sykes and R.D. Willig, in Antitrust and Regulation: Essays in Memory of John McGowan, F. Fisher (ed.), MIT Press, 1985, 315-330.

"Local Telephone Pricing in a Competitive Environment," with R.D. Willig, in Regulating New Telecommunication Networks, E. Noam (ed.), Harcourt Brace Jovanovich, 1983, 267-289.

"An Economic Definition of Predatory Product Innovation," with R.D. Willig, in Strategy, Predation and Antitrust Analysis, S. Salop (ed.), Federal Trade Commission, 1981, 301-396.

"Marginal Cost," in Encyclopedia of Economics, D. Greenwald (ed.), McGraw-Hill, 2nd ed. 1994, 627-630.

"Understanding Economic Justice: Some Recent Development in Pure and Applied Welfare Economics," in Economic Perspectives, M. Ballabon (ed.) Harwood Academic Publishers, vol. 1, 1979, 51-72.

"Problems of Political Equilibrium in the Soviet Proposals for a European Security Conference," in Columbia Essays in International Affairs, Andrew W. Cordier (ed.) Columbia University Press, New York, 1971, 1951-1974.

D. Other Publications

"Predatory Pricing," in Peter Newman (ed.), The New Palgrave Dictionary of Economics and the Law, MacMillan (forthcoming).

"Competition Policy for High-Technology Industries," International Business Lawyer, vol. 24, No. 10, November 1996, 479-82.

"Internationalizing Competition Law to Limit Parochial State and Private Action: Moving Towards the Vision of World Welfare," with E.M. Fox, International Business Lawyer ,vol. 24, No. 10, November 1996, 458-62.

"Economists' View: The Department of Justice Draft for the Licensing and Acquisition of Intellectual Property," Antitrust, vol. 9, No. 2, Spring 1995, 29-36.

"Competition Policy During Transformation to a Centrally Planned Economy: A Comment," with R.W. Pittman, in B. Hawk (ed.), 1992 Fordham Corporate Law Institute, 533-38.

"Poland: The First 1,000 Days and Beyond," Economic Times, vol. 3, no. 9, October 1992, 6-7.

"Interview: Janusz A. Ordover," Antitrust (A Merger of Standards? The 1992 Merger Guidelines), vol. 6, no. 3, Summer 1992, 12-16.

"Interview: U.S. Justice Department's New Chief Economist: Janusz A. Ordover," International Merger Law, no. 14, October 1991.

"Poland: Economy in Transition," Business Economics, vol. 26, no. 1, January 1991, 25-30.

"Economic Analysis of Section 337: Protectionism versus Protection of Intellectual Property," with R.D. Willig, in Technology, Trade and World Competition, JEIDA Conference Proceedings, Washington, D.C., 1990, 199-232.

"Eastern Europe Needs Antitrust Now," with E. Fox, New York Law Journal, November 23, 1990, 1-4.

"Understanding Econometric Methods of Market Definition," with D. Wall, Antitrust, vol. 3, no. 3, Summer 1989, 20-25.

"Proving Entry Barriers: A Practical Guide to Economics of Entry," with D. Wall, Antitrust, vol. 2, no. 2, Winter 1988, 12-17.

"Proving Predation After Monfort and Matsushita: What the New 'New Learning' has to Offer," with D. Wall, Antitrust, vol. 1, no. 3, Summer 1987, 5-11.

"The Costs of the Tort System," with A. Schotter, Economic Policy Paper No. PP-42, New York University, March 1986. Reprinted in Congressional Record, U.S. Government Printing Office, Washington, D.C., 1987.

"An Economic Definition of Predation: Pricing and Product Innovation," with R.D. Willig, Report for the Federal Trade Commission, October 1982, 131 pp.

"Market Power and Market Definition," with R.D. Willig, Memorandum for ABA Section 7 Clayton Act Committee, Project on Revising the Merger Guidelines, May 1981.

"Herfindahl Concentration Index," with R.D.Willig, Memorandum for ABA Section 7 Clayton Act Committee, Project on Revising the Merger Guidelines, March 1981.

"Public Interest Pricing of Scientific and Technical Information," Report for the Department of Commerce Technical Advisory Board, September 1979.

"Economics of Property Rights as Applied to Computer Software and Databases," with Y.M. Braunstein, D.M. Fischer, W.J. Baumol, prepared for the National Commission on New Technological Uses of Copyrighted Works, June 1977, 140 pp. Reprinted in part in Technology and Copyright, R.H. Dreyfuss (ed.), Lemond Publications, 1978.

Book Review of O. Morgenstern and G.L. Thompson, Economic Theory of Expanding and Contracting Economies, Southern Economic Journal, September 1978.

"Manual of Pricing and Cost Determination for Organizations Engaged in Dissemination of Knowledge," with W.J. Baumol, Y.M. Braunstein, D.M. Fischer, prepared for the Division of Science Information, NSF April 1977, 150 pp.


"Economics, Antitrust and the Motion Picture Industry," C.V. Starr Center Policy Paper, July 1983.

"On Bargaining, Settling, and Litigating: A Problem in Multiperiod Games With Imperfect Information," with A. Rubinstein, C.V. Starr Working Paper, December 1982.

"Supervision and Social Welfare: An Expository Example," C.V. Starr Center Working Paper, January 1982.

"Should We Take Rights Seriously: Economic Analysis of the Family Education Rights Act," with M. Manove, November 1977.

"An Echo or a Choice: Product Variety Under Monopolistic Competition," with A. Weiss; presented at the Bell Laboratories Conference on Market Structures, February 1977.


Regulation and Policy Analysis Program, National Science Foundation, Collaborative Research on Antitrust Policy, Principal Investigator, July 15, 1985 - December 31, 1986.

Regulation of Economic Activity Program, National Science Foundation, Microeconomic Analysis of Antitrust Policy, Principal Investigator, April 1, 1983 - March 31, 1984.

Economics Division of the National Science Foundation, "Political Economy of Taxation," Principal Investigator, Summer 1982.

Sloan Workshop in Applied Microeconomics (coordinator), with W.J. Baumol (Principal Coordinator), September 1977 - August 1982.

Economics Division of the National Science Foundation, "Collaborative Research on the Theory of Optimal Taxation and Tax Reform," July 1979 to September 1980, with E.S. Phelps.

Division of Science Information of the National Science Foundation for Research on "Scale Economies and Public Goods Properties of Information," W.J. Baumol, Y.M. Braunstein, M.I. Nadiri, Fall 1974 to Fall 1977.

National Science Foundation Institutional Grant to New York University for Research on Taxation and Distribution of Income, Summer 1974.