About the Author(s)

Lazar Radic

Senior Scholar, Competition Policy

Lazar Radić serves as a senior scholar of competition policy at the International Center for Law & Economics.

Kenneth G. Elzinga

Robert C. Taylor Chair Economics
University of Virginia

Kenneth Elzinga is an ICLE academic affiliate and a member of the Board of Academic Advisors.

Herbert Hovenkamp

Professor of Law
University of Pennsylvania

Herbert Hovenkamp is the James G. Dinan University Professor at the University of Pennsylvania Carey Law School and the Wharton School.

Cani Fernández

President
Comisión Nacional de los Mercados y la Competencia

Cani Fernández Vicién is president of Spain's Comisión Nacional de los Mercados y la Competencia.

Frédéric Jenny

Emeritus Professor of Economics
ESSEC Business School

Frédéric Jenny is emeritus professor of economics at ESSEC Business School.

Dennis W. Carlton

David McDaniel Keller Professor of Economics Emeritus
University of Chicago Booth School of Business

Dennis W. Carlton is the David McDaniel Keller Professor of Economics Emeritus at the University of Chicago Booth School of Business.

Related Research Programs

Antitrust

The Consumer Welfare Standard and Antitrust Process

Lazar Radic, Kenneth G. Elzinga, Herbert Hovenkamp, Cani Fernández, Frédéric Jenny, & Dennis W. Carlton January 26, 2025

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On Jan. 17, 2025 in Paris, the International Center for Law and Economics’ (ICLE), the European University Institute’s Department of Law, IE Law School Madrid, and the Vrije Universiteit Amsterdam’s Law & Technology Institute presented “Substance Over Slogans: Strengthening the Foundations of Antitrust.”

In a panel moderated by ICLE Senior Scholar Lazar Radic, presenters Kenneth Elzinga (University of Virginia) and Herbert Hovenkamp (University of Pennsylvania)—along with discussants Cani Fernandez Vicien (CNMC (Spain)), Frederic Jenny (ESSEC Business School), and Dennis Carlton (University of Chicago)—explored the consumer welfare standard and what role it continues to play in competition analysis. Video of the full panel is embedded below.