Jonathan B. Baker delivered the keynote address at the AAI's 10th Annual Private Enforcement Conference. He walked conference attendees through his article “Taking the Error Out of ‘Error Cost’ Analysis: What's Wrong with Antitrust's Right,” 80 Antitrust L.J. 1 (2015) that catalogs a series of erroneous assumptions about the current competition policy environment made by today’s antitrust conservatives. These errors inappropriately tilt the application of a neutral economic tool, decision theory, toward non-interventionist outcomes.
Baker was awarded the Jerry S. Cohen Award for Antitrust Scholarship for the article at the AAI;s Annual Conference in June 2016. The Jerry S. Cohen Award for Antitrust Scholarship was created through a trust established in honor of the late Jerry S. Cohen, an outstanding trial lawyer and antitrust writer. It is administered by the law firm he founded, Cohen Milstein Sellers & Toll. The award is given each year to the best antitrust writing during the prior year that is consistent with the following standards established by the Board of Trustees of the Jerry S. Cohen Memorial Fund.