MARIUS  SCHWARTZ

schwarm2@gunet.georgetown.edu

WORK Georgetown University Department of Economics Washington, D.C. 20057 Tel: (202) 687 6112 Fax: (202) 687 6102

HOME 3710 Warren Street, NW Washington, D.C. 20016 Tel: (202) 363-1896

EDUCATION

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University of California, Los Angeles

Ph.D. in Economics, September 1982

M.A. in Economics, March 1978


London School of Economics

B.Sc. in Economics (1st Class Honors), August 1976

PROFESSIONAL EXPERIENCE

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Georgetown University, Department of Economics

Professor
June 1993 - present

Associate Professor
August 1987 - May 1993

Assistant Professor
January 1983 - July 1987 (Fall 1982 part time)

Director of Graduate Studies
Spring 1993 - Spring 1995

Undergraduate Courses Taught
Antitrust
Industrial Organization
International Economics
Macroeconomic Theory
Mergers & Corporate Control
Microeconomic Principles
Topics in Competition and Regulation

Graduate Courses Taught
Industrial Organization
Macroeconomic Theory I
Macroeconomic Theory II
Monetary Policy
Microeconomics: special course in Pew Freedom Fellows Program

Council of Economic Advisers, Executive Office of the President

Economist
June 1995 May 1996 (part-time consultant April & May 1995 and June 1996)
Served as the senior economist principally responsible for antitrust, regulated industries, and other industrial organization matters. Work included: 1996 Telecommunications Act; competition in international satellite services; competition in the electric utility industry; reforming the patent and trademark office; intellectual property rights; international trade disputes; health care.

U.S. Department of Justice, Antitrust Division

Consultant
June 1996 - present

Economist (part time)
January 1983 - May 1995

Economist (full time)
October 1980 - December 1982

• Regulatory
  Analyzed various competitive issues posed by Bell Company entry into long-distance telecommunications services and submitted affidavit to Federal Communications Commission on behalf of Justice Department.
  

• Testimony
  Presented expert testimony to courts in successful challenges of merger and of consent decree.
  
  
• Mergers
  Investigated mergers in several industries and helped to design appropriate relief.
  

• Business Practices
  Worked on vertical-restraints cases (tying, exclusive dealing, resale price maintenance, exclusive territorial arrangements) and horizontal-conduct cases (collusion and predation).

• Legislation, Congressional Matters, Division Reports
  Provided input to Antitrust Division's Merger Guidelines (1992) and Vertical Restraints Guidelines(1984). Helped draft Division comments on various Congressional legislation and responses to inquiries in several areas including price discrimination and dealer termination.

• Cooperation with Foreign Competition Authorities
  Interacted with competition officials from several countries and agencies. Helped comment on following documents:
  

  • Canadian Fair Trade Commission's guidelines on predatory pricing, and on price discrimination;

  • Japanese Fair Trade Commission's guidelines on distribution systems, on sole import distributorships, and on joint R&D;

  • Korean Fair Trade Commission's guidelines on unfair trade practices in international agreements;

  • OECD papers on predatory pricing, on competition policy and franchising, and on interaction between trade and competition policies.
    
  
  Other Professional Experience
  
  Senior Advisor
  November 1996-present
  The Brattle Group, Economic, Environmental & Management Counsel, Cambridge, MA and Washington DC
  
  OECD
  November 20-22, 1995
  Lecturer in Seminar on Vertical Restraints for competition officials from Czech Republic, Hungary, Poland, and Slovakia in Cracow, Poland. Consultant in private antitrust and regulatory matters
  
  ILADES
  June 1994
  Participated in designing and teaching a short course in industrial organization to policymakers and executives in Santiago, Chile
  
  Pew Freedom Fellows Program
  Annually, January 1993 present
  Taught short course in microeconomics to twenty Fellows from transition economies. (Fellows hold middle-level or upper-level positions in government and private business)
  
  Academic Advisory Board
  Center for Economic Development, Slovakia
  
  World Bank
  Consultant
  
  Abt Associates / USAID
  Summer 1993
  Advised Government of Zimbabwe in Harare on formulating antitrust law, (consultant to Abt, work funded by USAID's Implementing Policy Change Project)
  
  
  
  

  LANGUAGES
  

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  Read, Write, and Speak
  English, French, Hebrew
  

  Read and Speak
  Romanian
  

  HONORS
  

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  U.S. Department of Justice, Antitrust Division
  Special Achievement Awards
  
  Brookings Institution
  Research Fellow, 1979-80
  
  University of California, Los Angeles
  Earhart Fellowship, 1977-78
  
  University of California, Los Angeles
  Regents Fellowship, 1976-77
  
  London School of Economics
  Premchand Prize in Monetary Economics, 1976
  
  
  
  

  PUBLICATIONS
  

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  Refereed Journals

  "A Quality-Signaling Rationale for Aftermarket Tying"
  Antitrust Law Journal, vol. 64 (Winter 1996): 387-404 (with Gregory J. Werden).
  

  "The Non-Existence of Pairwise-Proof Equilibrium"
  Economics Letters, vol. 49 (1995): 251-259 (with R. Preston McAfee).
  
  "Equity as a Call Option on Assets: Some Tests for Failed Banks"
  Economics Letters, vol. 48 (1995): 389-397 (with Behzad Diba and Chia-Hsiang Guo).
  
  "Parallel Imports, Demand Dispersion, and International Price Discrimination"
  Journal of International Economics, vol. 37 (November 1994): 167-195 (with David Malueg).
  
  "Opportunism in Multilateral Vertical Contracting: Nondiscrimination, Exclusivity, and Uniformity"
  American Economic Review, vol. 84 (March 1994): 210 230 (with R. Preston McAfee).

  "Preemptive Investment, Toehold Entry, and the Mimicking Principle"
  RAND Journal of Economics, vol. 22 (Spring 1991): 1 13 (with David Malueg).
  
  "Patent Protection through Discriminatory Exclusion of Imports"
  Review of Industrial Organization, vol. 6 (No. 3, 1991): 231 246.
  
  "Third Degree Price Discrimination and Output: Generalizing a Welfare Result"
  American Economic Review, vol. 80 (December 1990): 1259-1262.
  
  "Investments in Oligopoly: Welfare Effects and Tests for Predation"
  Oxford Economic Papers, vol. 41 (October 1989): 698-719.
  
  "Entry Deterrence Externalities and Relative Firm Size"
  International Journal of Industrialb Organization, vol. 6 (June 1988): 181-197 (with Michael Baumann).
  
  "The Competitive Effects of Vertical Agreements: Comment"
  American Economic Review, vol. 77 (December 1987): 1063-1068.
  
  "The Nature and Scope of Contestability Theory"
  Oxford Economic Papers, vol. 38 Supplement (November 1986): 37-57. This issue of the journal was published in parallel as Strategic Behavior and Industrial Competition, Morris et al. Eds., Oxford University Press, 1986.
  
  "The Perverse Effects of the Robinson-Patman Act"
  Antitrust Bulletin, vol. 31 (Fall 1986): 733-757.
  
  "Divisionalization and Entry Deterrence,"
  Quarterly Journal of Economics, vol. 101 (May 1986): 307-321 (with Earl Thompson).
  
  "Illinois Brick and the Deterrence of Antitrust Violations"
  Hastings Law Journal, vol. 35 (March 1984): 629 668 (with Gregory Werden).
  
  "Contestable Markets: An Uprising in the Theory of Industry Structure: Comment"
  American Economic Review, vol. 73 (June 1983): 488-490 (with Robert Reynolds).
  
  

  
  Monographs, Book Reviews, and Other Publications
  
  "Telecommunications Reform in the United States: Promises and Pitfalls"
  In Paul J.J. Welfens and George Yarrow, Eds., Telecommunications and Energy in Systemic Transformation, Heidelberg and New York: Springer, 1997.
  
  "Protecting Intellectual Property by Excluding Infringing Imports: An Economist's View of Section 337 of the U.S. Tariff Act"
  Patent World, Issue 25 (September 1990): 29-35.
  
  Review Essay of: Jean Tirole, The Theory of Industrial Organization
  MIT Press, 1988. Managerial and Decision Economics, Vol. 11 (May 1990): 131-139.
  
  Book Review of: J. Stiglitz and F. Mathewson eds., New Developments in the Analysis of Market Structure
  MIT Press, 1988. Journal of Economic Literature, Vol. 36 (March 1988): 133-135.
  
  "Vertical Restraints"
  Published in German by Forschungsinstitut fur Wirtschaftsverfassung und Wettbewer by E.V. Koln, Heft 5, 1984.
  
  
  Discussion Papers and Work in Progress

  "Towards Competition in International Satellite Services: Rethinking the Role of INTELSAT"
  Paper distributed at OECD Ad Hoc Meeting of Experts on Competition in Satellite Services, Paris, June 1995 (with Joseph E. Stiglitz and Eric Wolff).
  
  "Competitive Markets in Generation: Economic Theory and Public Policy"
  Paper presented at conference on "Electric Utility Restructuring: Whither Competition?" organized by International Association for Energy Economics Los Angeles Chapter, and Micronomics Inc., Los Angeles, May 1995.
  
  "Exclusive Dealing for Rent Extraction"
  Mimeo, January 1994 (with Serge Moresi and Francis O'Toole).
  
  "Option Values of Deposit Insurance and Market Values of Net Worth: Some Evidence for U.S.Banks"
  Mimeo, December, 1992 (with Behzad Diba and Chia-Hsiang Guo).
  
  "Do Sunk Costs Discourage or Encourage Collusion?"
  U.S. Department of Justice, Antitrust Division, EPO Discussion Paper 85-10 (September 1985).
  
  "Signalling Equilibria Based on Sensible Beliefs: Limit Pricing Under Incomplete Information"
  U.S. Department of Justice, Antitrust Division, EPO Discussion Paper 84-4 (May 1984) (with Maxim Engers).
  
  
  
  

  OTHER SCHOLARLY ACTIVITIES
  

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  Seminars Presented
  
  Bellcore
  Bureau of Competition Policy, Industry Canada
  California State University, Hayward
  Columbia University
  ENSAE, Paris
  Federal Trade Commission
  Georgetown University
  George Washington University
  International Trade Commission
  Johns Hopkins University
  New York University
  Pennsylvania State University
  Simon Fraser University
  Tulane University
  U.S. Department of Justice
  University of Alberta
  University of British Columbia
  University of Calgary
  University of California, Davis
  University of California, Los Angeles
  University of Maryland
  University of Montreal
  University of Pennsylvania
  University of Toronto
  University of Virginia
  
  

  
  Conferences: Speaker or Discussant

  Economics of Interconnection Forum
  Federal Communications Commission, Washington DC, May 1996
  
  Authors' Symposium on Competition Policy and Intellectual Property Rights
  Canadian Bureau of Competition, Aylmer, Quebec, May 1996
  
  Electric Generation Association
  Annual Meetings, West Palm Beach, April 1996
  
  "Wheeling & Dealing: Opportunities and Challenges in the New Electric Industry"
  Conference sponsored by the Center for Regulatory Studies, Illinois State University and the Institute of
  Government and Public Affairs, University of Illinois- Urbana, Chicago, April 1996
  
  "New Social and Economic Approaches to a Multimedia World"
  OECD Symposium, Tokyo, March 1996
  
  "Telecommunications and Energy Regulation in Transition Economies"
  Center for Economic Development, Bratislava, October 1995
  
  "Electric Utility Restructuring: Whither Competition?"
  Organized by International Association for Energy Economics Los Angeles Chapter, and Micronomics Inc., Los Angeles, May 1995.
  
  "New Learning on Barriers to Entry in Competition Policy"
  Canadian Bureau of Competition, Ottawa, March 1995
  
  Southeastern Economic Theory Meetings
  Charlottesville, October 1994
  
  EARIE Conference
  Tel Aviv, September 1993
  
  Midwest International Economics Meetings
  Pittsburgh, October 1992
  
  Latin American Econometric Society
  Mexico City, September 1992
  
  Conference on Industrial Organization
  Carleton University, Ottawa, July 1991
  
  Workshop on Strategic and Dynamic Aspects of International Trade
  SUNY at Stony Brook, July 1991
  
  AEI Conference on "Innovation, Intellectual Property and World Competition"
  Washington DC, September 1990
  
  EARIE Conference
  Lisbon, September 1990
  
  Conference on "International Trade and Technology"
  Brussels and London, November 1989
  
  EARIE Conference
  Budapest, August 1989
  
  Conference on Strategy and Market Structure
  Dundee University, Dundee, August 1988
  
  Conference on "Firm Ownership and Competition"
  Graduate School of Business, Stanford University, June 1987
  
  EARIE Conference
  Berlin, August 1986
  
  AEA Annual Meetings
  Dallas, December 1984
  
  

  
  Referee for Professional Journals
  

  American Economic Review
  Canadian Journal of Economics
  Economica
  Economic Journal
  International Economic Review
  International Journal of Industrial Organization
  Journal of Business
  Journal of Business Economics
  Journal of Economic Dynamics and Control
  Journal of Economic Theory
  Journal of Economics and Management Strategy
  Journal of Industrial Economics
  Journal of Political Economy
  Managerial and Decision Economics
  Quarterly Journal of Economics
  Quarterly Review of Economics and Business
  RAND Journal of Economics
  Review of Industrial Organization
  Review of International Economics
  Scandinavian Journal of Economics
  
  
  

  Outside Evaluator--Research Proposals and Tenure & Promotion Cases
  
  National Science Foundation
  Small Business Administration
  Several economics departments (identities disclosed on request)