Valerie Suslow, PhD

Professor and Vice Dean for Faculty and Research
Areas of Interest
Applied Microeconomics, Industrial Organization, Antitrust Policy

Valerie Suslow is the vice dean for faculty and research as well as professor, and she joined Johns Hopkins University in August 2015.

Previously, Suslow was senior associate dean for MBA Programs at the Ross School of Business at the University of Michigan, where she was also professor of business economics and public policy, and the Louis and Myrtle Moskowitz Research Professor of Business and Law.

Her research area is in the field of industrial organization, with a focus on the economics of explicit price fixing and cartel operations.  In particular, she examines the determinants of cartel stability, international cartel operations, and antitrust policy responses.  Her most recent work analyzes the extent to which vertical restraints can support anticompetitive behavior, especially horizontal collusion. 

Suslow has authored numerous articles and book chapters and her research has been published in journals including the Journal of Law and EconomicsAntitrust Law JournalInternational Journal of Industrial Organization, and Journal of Economic Literature. Suslow is a senior editor of the Antitrust Law Journal.

Suslow earned her PhD in economics from Stanford University and her undergraduate degree from the University of California, Berkeley. Her awards include the Victor L. Bernard Faculty Award for Leadership in Teaching and the Andy Andrews Distinguished Service Award from the University of Michigan, and the John M. Olin National Fellowship from the Hoover Institution at Stanford University.

Honors and 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.