Ralph A. Winter

Canada Research Chair in Business Economics and Public Policy
Sauder School of Business, UBC
2053 Main Mall,
Vancouver, Canada  V6T 1Z2
ralph.winter – at – sauder.ubc.ca
604-822-8339   cell: 604-761-6510


Other Positions:

Professor of Economics, University of Toronto – to 2002
President, Canadian Economics Association 2008-2009
President, Canadian Law and Economics Association 2004 – 2006
Director, British Columbia Transmission Corporation 2003 – 2010
Director, Wurldtech Security Technologies Incorporated 2006 – 2014
Director, Energy Probe
Trustee, UBC Faculty Pension Plan, 2003 – 2006
Director, Portfolio Management Fund, Sauder,  2013 –
Hoover Fellow, Hoover Institution, Stanford 1986 – 87
Olin Fellow, Yale Law School 1988

Editorial Boards

Associate Editor, RAND Journal of Economics

International Editorial Board, Assurances

Current Research:

“The Long-run Impact of Innovation on Climate Change,”  with Navid Siami

“The Economics of Early-stage Venture Financing,”  with Alvaro Parra

Recent Publications:

Carlton, Dennis and Ralph A. Winter (2018), “Vertical MFN’s and Credit Card No-Surcharge Restraints,” Journal of Law and Economics 2018. [Winner, 2019 Concurrences Writing Award in Antitrust Economics];  Online Appendix

Marcel Boyer, Thomas W. Ross and Ralph A. Winter (2018), “The Rise of Economics in Competition Policy: A Canadian Perspective,” Canadian Journal of Economics

Ralph A. Winter (2018), “Pierre Fabre, Coty and Restrictions on Internet Sales: An Economist’s Perspective,” European Journal of Competition Law and Practice.

Iacobucci, Edward and R.A.Winter (2016), “European Law on Selective Distribution and Internet Sales: An Economic Perspective,” Antitrust Law Journal

Ware, R. and Winter, R.A., “Merger Efficiencies in Canada,”, The Antitrust Bulletin, 2016.

Dubrovinsky, Mai and R.A.Winter (2015), “Organizational Form and the Quality of Output,” Canadian Journal of Economics. Issue 48 (1), February 2015, 189-206.

Carlton, Dennis and R.A.Winter (2015), “Competition Policy and Regulation in Credit Card Markets: Insights from Single-sided Market Analysis,” Competition Policy International, 2015

Winter, R.A.Innovation and the Dynamics of Global Warming,” Journal of Environmental Economics and Management, Volume 68, Issue 1, (July 2014): 124–140

Jing, Ran and Winter, R.A.Exclusionary Contracts,” Journal of Law Economics and Organization. Vol. 30, No.4 (November 2014): 833-867

[ teaching materialsslides on exclusionary contracts; handout on exclusionary contractsexclusionary contracts case study]

Winter, R.A., “Tervita and the Efficiency Defense in Canadian Competition Law,” Can Comp L Rev, Vol. 28, No.2 (Fall, 2015): 145 – 172.  [Winner, 2015 Bill Miller Memorial “Best Article” Award]

Winter, R.A., “The Gap in Canadian Competition Law Following Canada Pipe,” Can Comp L Rev, Vol. 27, No. 2 (Fall, 2014)”.

Iacobucci, E. and Winter, R.A., Vertical Restraints Across Jurisdictions,” in The Oxford Handbook of International Antitrust Economics, Roger D. Blair and D. Daniel Sokol, Eds’,  2014

Ralph A. Winter, “Optimal Insurance Contracts under Moral Hazard,” in Handbook of Insurance, revised edition, Georges Dionne, editor. 2013.

Krishnan, Harish and Winter, R.A. (2011) The Economics of Supply Chain Contracting, manuscript published as single issue of Foundations and Trends in Microeconomics.

Krishnan, Harish and Winter, R.A., “On the Role of Revenue-sharing Contracts in Supply Chains,” Operations Research Letters (2010).

Iacobucci, Edward and Winter, R.A. (2010), “Abuse of Joint Dominance in Canadian Competition Policy,” University of Toronto Law Journal

Krishnan, H., Winter, R.A (2010), “Inventory Dynamics and Supply Chain Coordination,” Management Science Vol. 56, No. 1 January: 141-147

Winter, R.A. (2009) Antitrust Restrictions on Single-Firm StrategiesCanadian Journal of Economics, November. [Presidential Address, Canadian Economics Association]

Selected Journal Publications

Krishnan, H., Winter, R.A. (2007). Vertical Control of Price and Inventory. American Economic Review, 97(5), 1840 – 1857.

Buettner, T., Coscelli, A., Verge, T., Winter, R.A.  (2009) “An Economic Analysis of the Use of Selective Distribution by Luxury Goods Suppliers,” European Competition Journal ;  and reply to Kinsela et al

Iacobucci, E., Trebilcock, M.,  Winter, R.A., (2006). The Canadian Experience with Deregulation . University of Toronto Law Journal, 56, 1 – 74.

Winter, R.A. (2006). Vertical Restraints and Antitrust Policy: A Reaction to Cooper, Froeb, O’Brien, and Vita . Competition Policy International, 1(2), 74 – 89; and Rebuttal

Winter, R.A. (2006). Liability Insurance, Joint Tortfeasors and Limited Wealth. International Review of Law and Economics, 26(1), 1 – 14.

Moorthy, S. (2006), Winter, R.A., Price Matching Guarantees . Rand Journal of Economics, 37(2), 449 – 466.

Iacobucci, E., Michael Trebilcock and R.A. Winter, “The Canadian Experience with Deregulation,”   University of Toronto Law Journal 2006

Ross, Tom, Winter, R.A. (2005). The Efficiency Defense in Merger Law: Economic Foundations and Recent Canadian Developments . Antitrust Law Journal, 72, 471 – 504.

Iacobucci, E.,  Winter, R.A., (2005). Asset Securitization and Asymmetric Information . Journal of Legal Studies, 34(1), 161 – 207.

Ross, T.W., Winter, R.A. (2003). Canadian Merger Policy Following Superior Propane . Canadian Competition Record, 21, 7 – 23.

Sanderson, Margaret and Winter, R.A., (2002). Profits versus Rents in Antitrust Analysis . Antitrust Law Journal, 70(2), 485 – 513.

Mathewson, G.F. Winter, R.A., (1998). The Law and Economics of Resale Price Maintenance  . Review of Industrial Organization, 13(1-2), 57 – 84.

Trebilcock, M. Winter, R.A., (1997). The Economics of Liability for Nuclear Accidents . International Review of Law and Economics, 17, 215 – 215.

Winter, R.A. (1997). Colluding on Relative Prices . Rand Journal of Economics, 28(2), 359 – 372.

Mathewson, G.F. Winter, R.A., (1997). Buyers Groups  . International Journal Of Industrial Organization, 15(2), 137 – 164.

Mathewson, G.F. Winter, R.A., (1997). Tying as a Response to Demand Uncertainty . Rand Journal of Economics, 28(3), 566 – 583.

Neary, H. Winter, R.A., (1995). Output Shares in Bilateral Agency Contracts . Journal of Economic Theory, 66(2), 609 – 614.

Mathewson, G.F. Winter, R.A., (1994). Territorial Rights in Franchise Contracts  . Economic Inquiry 32, 2(181), 192.

Winter, R.A. (1994). The Dynamics of Competitive Insurance Markets . Journal of Financial Intermediation, 3, 379 – 415.

Winter, R.A. (1993). Vertical Control and Price versus Non-Price Competition . Quarterly Journal of Economics, 108(1), 61 – 78.

Winter, R.A. (1991). Solvency Regulation and the Insurance Cycle . Economic Inquiry, 29(3), 458 – 472.

Winter, R.A. (1991). The Liability Insurance Market . Journal of Economics Perspectives, 115 – 136.

Mathewson, G.F. Winter, R.A., (1989). The Economic Effects of Automobile Dealer Regulation . Annales d’Economie et de Statistique, 15/16, 409 – 426.

Mathewson, G.F. Winter, R.A., (1988). Vertical Restraints and the Law: A Reply . Rand Journal of Economics, 19(2), 298 – 301.

Ware, R. Winter, R.A., (1988). Currency Options, Forward Markets and the Hedging of Foreign Exchange Risk . Journal of International Economics, 25, 291 – 302.

Winter, R.A. (1988). The Liability Crisis and the Dynamics of Competitive Insurance Markets . Yale Journal on Regulation, 455 – 500.

Mathewson, G.F. Winter, R.A., (1987). The Competitive Effects of Vertical Agreements: Comment . American Economic Review, 1057 – 1062.

Peters, M. Winter, R.A., (1986). R&D with Observable Outcomes . Joumal of Economic Theory, 1336 – 1251.

Farmer, R. Winter, R.A., (1986). The Role of Options in the Resolution of Agency Problems: Comment . Journal of Finance, 1157 – 1174.

Ware, R. Winter, R.A., (1986). Public Pricing Under Imperfect Competition . lnternational Journal of Industrial Organization, 4(1), 87 – 100.

Gallini, N. Winter, R.A., (1985). Licensing in the Theory of Innovation, Rand Journal of Economics, 237 – 253.

Mathewson, G.F. Winter, R.A., (1984). An Economic Theory of Vertical Restraints . Rand Joumal of Economics, 1(1), 27 – 38.

Mathewson, G.F. Winter, R.A., (1983). Vertical Integration by Contractual Restraints in Spatial Markets . Journal of Business, 56(4), 497 – 519.

Peters, M. Winter, R.A., (1983). Market Equilibrium and the Resolution of Uncertainty . Canadian Joumal of Economics, 16(3), 381 – 390. (Awarded 1984 Harry Johnson Prize)

Mathewson, G.F. Winter, R.A., (1983). The Incentives for Resale Price Maintenance under Imperfect Information . Economic Inquiry, 21(3), 337 – 348.

Gallini, N. Winter, R.A., (1983). Vertical Control in Monopolistic Competition . Intemational Journal of Industrial Organization, 1(3), 275 – 286.

Turnbull, S. Winter, R.A., (1982). An Alternative Test of the Capital Asset Pricing Model: Comment . American Economic Review, 72(5), 1194 – 1196.

Winter, R.A. (1982). On the Choice of an Index for Disclosure in the Life Insurance Market: An Axiomatic Approach . Journal of Risk and Insurance, 49(4), 513 – 549.

Winter, R.A. (1981). On the Rate Structure of the American Life Insurance Industry . Journal of Finance, 36(1), 81 – 97.

Winter, R.A. (1981). Majority Voting and the Objective Function of the Firm under Uncertainty: Note , Bell Journal of Economics, 12(1), 335 – 337.


The Law and Economics of Canadian Competition Policy, with Michael Trebilcock, Paul Collins  and Edward Iacobucci, University of Toronto Press, 2002 (804 pages)   (awarded 2003 Doug Purvis Memorial Prize for outstanding contribution to Canadian economic policy)

Competition Policy and Vertical Exchange, with G.F. Mathewson, University of Toronto Press, 1985.

Other Publications

Winter, R.A. (2009) “Price Matching and Meeting Competition Clauses“, , American Bar Association Volume: Issues in Competition Law and Policy, Wayne Dale Collins, ed., 45 pages.

Winter, R.A. . (2009). Entry Deterrence via Contracts,. Industrial Organization, Trade, and Social Interaction: Essays in Honour of B. Curtis Eaton. Toronto: University of Toronto Press.

Iacobucci, E., Winter, R.A. . (2009). Tying and Intellectual Property.  Competition Policy and Intellectual Property, Irwin Press

Edward Iacobucci, Michael Trebilcock and R.A. Winter (2006) “The Political Economy of Deregulation in Canada” (2006),  Marc K. Landy, Martin Levin and Martin Shapiro, eds., Creating Competitive Markets:The Politics and Economics of Regulatory Reform: 290-319.

Margaret Sanderson and R.A. Winter (2002) “Geographic Market Definition in Canadian Waste Services,” Canadian Competition Record, Spring/Summer 2002, Vol. 21, No.1:  112-125,

R.A. Winter 2002 “Efficiency as a Goal of Competition Policy,” Discussion in  Canadian Competition Policy: Preparing for the Future, 2002, Pearson Education Canada

Winter, R.A. . (2000). Optimal lnsurance under Moral Hazard.  In G.F. Dionne (Ed.), . Handbook of Insurance.

Winter, R.A. . (1992). Moral Hazard in Insurance Contracts.  In G.F. Dionne (Ed.), . Contributions to Insurance Economics.

Mathewson, G.F. Winter, R.A.,. (1990). The Law and Economics of Vertical Restraints.  In G.F. Mathewson, M. Trebilcock, M. Walker (Eds.), . The Law and Economics of Competition Policy. Vancouver: The Fraser Institute.

Mathewson, G.F. Winter, R.A.,. (1986). The Economics of Life Insurance Regulation: Valuation Constraints.  In J. Finsinger, M. Pauley (Eds.), . The Economics of Insurance Regulation.

Mathewson, G.F. Winter, R.A.,. (1985). The Economics of Vertical Restraints on Distribution.  In G.F. Mathewson, J. Stiglitz (Eds.), . New Developments in the Analysis of Market Structure.

Mathewson, Winter, R.A., G., Gussman, T., Campbell, C. . (1984). Regulation of Canadian Markets for Life Insurance, Consumer and Corporate Affairs.

Rey, P. Winter, R.A., (1998) Exclusivity Restrictions and Intellectual Property. Competition Policy and Intellectual Property Rights in the Knowledge-Based Economy, N. Gallini and  R. Anderson, eds, Industry Canada

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