The GUPPI in Theory and Practice
The Gross Upward Pricing Pressure Index (GUPPI) has a storied lineage, drawing on theoretical work of highly regarded economists from within and outside the two federal enforcement agencies in the United States. But, in practice, the GUPPI has a checkered history, to put it charitably. The agencies have been unable to come up with consistent statements about how the GUPPI is to be used in practice. Dechert partner Paul T. Denis explores both the theory and practice of GUPPI in this paper, also featured at the ABA Section of Antitrust Law Spring Meetings.
Read, "The GUPPI in Theory and Practice."