Robert Marshall, Liberal Arts Research Professor of Economics and head of the Department of Economics in Penn State's College of the Liberal Arts, recently was honored with the prestigious 10th annual Jerry S. Cohen Memorial Fund Writing Award, along with his co-authors, for their groundbreaking analysis of economic circumstantial evidence of antitrust price-fixing conspiracies.
The winners were recognized for their article "Plus Factors and Agreement in Antitrust Law,” published in the Michigan Law Review in 2011. The article analyzes a challenging and unsettled area of antitrust law -- the different types of economic circumstantial evidence that can be used to establish the existence of an antitrust conspiracy.
The authors are: William Kovacic, George Washington University Law School; Marshall; Leslie Marx, Fuqua School of Business, Duke University; and the late Halbert White, University of California, San Diego. They received their awards at the 13th annual conference of the American Antitrust Institute in Washington, D.C. With the approval of Hal’s widow, Teresa, the authors have agreed to donate the award money to The Halbert L. White Memorial Director’s Fund, which will advance the mission of the Higher Achievement Program, an afterschool and summer academic program designed to close the educational opportunity gap for middle school youth in at-risk communities. Each summer, approximately 150 students from the Higher Achievement Program visit Penn State for two days to experience a university environment.
The Jerry S. Cohen Memorial Fund Writing Award was created through a trust established in honor of the late Jerry S. Cohen, an outstanding trial lawyer and antitrust writer. It is awarded each year to the best antitrust writing during the prior year that is consistent with the principles of economic justice that animated Jerry S. Cohen’s professional life. It is administered by his former law firm Cohen Milstein Sellers & Toll PLLC.
In addition, Professors Marshall and Marx are authors of a new book "The Economics of Collusion: Cartels and Bidding Rings," published by MIT Press. The authors, who have studied collusion extensively for over two decades, offer an examination of collusive behavior: what it is, why it is profitable, how it is implemented and how it might be detected.