Economic Analysis of Class Certification

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Richard Schmalensee, Jun 25, 2008

Economic analysis of class certification has a different focus than economic analysis of most antitrust issues or, indeed, most legal issues. Most economic analysis in support of litigation is concerned with averages or totals. To show that a practice is anticompetitive, for instance, one typically wants to show that it tends to increase market price, which is generally an average, or to decrease