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Dennis Carlton, a GSB economics professor currently on leave serving in the antitrust division of the Justice Department, has been selected by President Bush to fill a vacancy on the White House’s Council of Economic Advisors.
Carlton was previously recruited in 2006 by the president to work in the antitrust division as deputy assistant attorney general for economic analysis.
The three-member CEA provides the president with economic analysis and advice used in the development and implementation of domestic and international policy issues. Carlton’s background and experience are an excellent fit for this new role.
In 2006, Carlton was a featured speaker at the inaugural session of the joint public hearings hosted by the Department of Justice and Federal Trade Commission that examined the antitrust treatment of single-firm conduct. He has been the sole economist serving on the Antitrust Modernization Commission, a Congressional commission examining U.S. antitrust laws. Carlton also served as a consultant on the Horizontal Merger Guidelines for the Department of Justice from 1991 to 1992.
Carlton has written numerous articles on market behavior and antitrust issues. These include "Why Barriers to Entry are Barriers to Understanding," in the American Economic Review; "The Strategic Use of Trying to Preserve and Create Market Power in Evolving Industries," published in The Rand Journal. Since 1980, he has served as co-editor of the Journal of Law and Economics since 1980.
He joined the Chicago GSB faculty in 1984 and specializes in industrial organization and theoretical and applied economics.