An article coauthored by Principal Dr. Bin Zhou, Senior Associate Dr. Patrick Holder, and two external co-authors has won the 2024 Antitrust Writing Award in the “Business Articles: General Economics” category. Concurrences and the George Washington University Law School’s Competition Law Center present these awards annually to honor the best in antitrust commentary. The winners were announced at the Antitrust Writing Awards Ceremony on Tuesday, April 9, in Washington, DC.

The winning article, “The Proper Measure of Profits for Assessing Market Power,” appeared in the Spring 2023 issue of the ABA’s Antitrust Magazine. In the article, the authors describe how to calculate economic profit and the economic rate of return using firm financial data and outline key economic issues when considering whether a given level of economic profit may be reflective of the presence and exercise of market power. In particular, the paper makes several recommendations for how to properly use accounting data to assess a firm’s market power when the firm in question has substantial intangible assets.

View the full list of winners on the Concurrences website.