Lear Competition Note: Statistical significance and the standard of proof in antitrust damage quantification

Following the adoption of the “Practical Guide on Quantifying Harm” by the EC, Courts will increasingly be required to assess whether the econometric model submitted by the claimant meets the required standard of proof or if the model submitted by the defendant suffices for overturning the claimants’ conclusions.This LCN highlights that a deep understanding of the legal framework, the relevant economic principles and statistical techniques is essential to evaluate competing econometric evidence. Forensic economists can help lawyers and judges bridge the gap between the legal world and the scientific practice

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