Valerie Y. Suslow, PhD


Academic Discipline: Economics

Areas of Interest:
Applied Microeconomics,
Industrial Organization,
Antitrust Policy

Phone: 410-234-9258



Valerie Y. Suslow, PhD (Economics, Stanford University) is the Vice Dean for Faculty and Research at the Johns Hopkins Carey Business School, where she has also been a Professor since she joined Carey in August 2015.

Her research is focused on the economics of explicit price-fixing and cartel operations, specifically the determinants of cartel duration and how organizational features of cartels contribute to their stability. Her most recent work analyzes the extent to which cartels use vertical restraints as a facilitating device to control downstream firms.

Honors & Distinctions

  • Senior Editor, Antitrust Law Journal
  • Jerry S. Cohen Memorial Fund Writing Award for Antitrust Scholarship, Best Vertical Restraints Article of 2014 for “How Do Cartels Use Vertical Restraints? Reflections on Bork’s The Antitrust Paradox” (Journal of Law & Economics, 2014)
  • Victor L. Bernard Faculty Award for Leadership in Teaching, Ross School of Business, University of Michigan, 2004

Selected Publications

  • "Price Fixing Hits Home: An Empirical Study of U.S. Price-Fixing" (with Margaret Levenstein), Review of Industrial Organization, Vol. 48, No. 4, 2016: 361-379.
  • “The Effect of Competition on Trade: Evidence from the Collapse of International Cartels” (with Margaret Levenstein and Jagadeesh Sivadasan), International Journal of Industrial Organization, Vol. 56, 2015: 56-70.
  • “Cartels & Collusion – Empirical Evidence” (with Margaret Levenstein), in The Oxford Handbook of International Antitrust Economics, vol. 2, R. Blair and D. Sokol, eds., Oxford University Press, January 2015.
  • “How Do Cartels Use Vertical Restraints?  Reflections on Bork's The Antitrust Paradox” (with Margaret Levenstein), Journal of Law and Economics, Vol. 57, No. 4, 2014:  S33-S50.
  • “Breaking Up Is Hard to Do:  Determinants of Cartel Duration” (with Margaret Levenstein), Journal of Law and Economics, Vol. 54, No. 2, 2011:  455-492.
  • “Constant Vigilance:  Maintaining Cartel Deterrence During the Great Recession” (with Margaret Levenstein), Competition Policy International, Vol. 6, No. 2, Autumn 2010: 145-162.
  • “International Cartels” (with Margaret Levenstein), Issues in Competition Law and Policy, edited by Wayne Dale Collins (American Bar Association, Antitrust Section), Chapter 47, 2008: 1107-1126.
  • “Cartels” (with Margaret Levenstein), in The New Palgrave Dictionary of Economics, 2nd ed. (Steven Durlauf and Lawrence Blume, eds.), Palgrave Macmillan Ltd., May 2008.
  • “The Economic Impact of the U.S. Export Trading Company Act” (with Margaret Levenstein), Antitrust Law Journal, Vol. 74, No. 2, 2007:  343-386.
  • “Cartel Bargaining and Monitoring:  The Role of Information Sharing” (with Margaret Levenstein), in The Pros and Cons of Information Sharing conference volume, Mats Bergman, ed., Stockholm, Sweden:  Konkurrensverket, Swedish Competition Authority, December 2006:  43-81.
  • “What Determines Cartel Success?” (with Margaret Levenstein), Journal of Economic Literature, Vol. 44, No. 1, March 2006: 43-95.