Steven C. Salop

Steven C. Salop is Professor of Economics and Law Emeritus at the Georgetown University Law Center in Washington, D.C.

He taught basic and advanced courses on antitrust law and economics, and faculty and student seminars on economic reasoning and the law. He has written numerous articles in various areas of industrial organization economics, antitrust, and competition. This work takes a “post-Chicago” approach, including work on decision theory, ideology, and path dependence in legal decisions. He has consulted on a number of the litigated antitrust cases discussed here, as indicated in footnotes.

Professor Salop earned a B.A. in economics at the University of Pennsylvania and M.Phil. and Ph.D. degrees in economics from Yale University. He also serves as a senior consultant with Charles River Associates. Before joining the Georgetown Law Center faculty, Professor Salop was an economist at the Federal Reserve Board, the Civil Aeronautics Board, and the Federal Trade Commission. At the FTC as the Associate Director for Special Projects, he worked on both antitrust and the role of information in consumer protection matters. The FTC’s 1980 Strategy, Predation and Antitrust conference was instrumental in developing and publicizing post-Chicago antitrust. Professor Salop has been honored with lifetime achievement awards from the AALS Antitrust Section and the American Antitrust Institute.

Professor Salop is married to Judith Gelman, with whom he shares 3 children, one grandchild, one chocolate lab, and one RAND Journal of Economics article: Judo Economics: Capacity Limitation and Coupon Competition (1983).