Government policy is more effective when the enforcement regime is transparent, because the economy benefits from the resulting reduction in transactions costs. The Federal Trade Commission has promoted transparency through a number of formal and informal programs. Examples include detailed...

To be admissible in federal court under the Daubert standard, expert economic testimony must be (1) based on scientific analysis and (2) aid the dispute resolution process. Expert evidence should be considered scientific when (1) it meets Karl Popper’s falsification standard and (2) some...