Rainer Schwabe



  • Boston


Rainer Schwabe consults on a variety of antitrust and competition cases, including matters related to allegations of price fixing, exclusionary practices, and mergers and acquisitions. He has analyzed alleged anticompetitive conduct in a number of industries, including finance, food and agriculture, healthcare, telecommunications, and transportation. Dr. Schwabe has managed large teams and supported experts and clients through all stages of litigation, including data production.

Dr. Schwabe has particular expertise with antitrust issues in financial markets, both in the context of class certification and liability and damages. He has analyzed alleged anticompetitive manipulation of asset prices, closing and benchmark prices, and bid-ask spreads in both over-the-counter and exchange settings. He has assisted major financial institutions in extracting, analyzing, and producing large transaction-level datasets.

Dr. Schwabe also has experience with matters at the intersection of antitrust and intellectual property. He has assisted experts in assessing the effect of proposed mergers on innovation, and in evaluating the competitive effects of licensing practices for standard essential patents.

Dr. Schwabe has published his research in leading academic journals, including the American Economic Review. His article, “Competition and Financial Inclusion: Evidence from Mexico,” published in 2019, was named Best Paper by a Junior Author for 2020 in the Review of Industrial Organization.

Prior to joining Cornerstone Research, he served at the Mexican Central Bank, where he analyzed competition in retail financial services and financial regulation.


Sidibe et al. v. Sutter Health

Press Release

Cornerstone Research Staff and Affiliated Experts Submit Comments to the Joint FTC-DOJ Inquiry on Merger Enforcement

Press Release

2022 Antitrust Writing Awards


Platform Competition and the Regulation of Stock Exchange Fees

Press Release

Cornerstone Research Promotes Five to Principal

Press Release

Rainer Schwabe Honored with Best Paper Award


Bank Competition and Financial Inclusion: Evidence from Mexico


Handbook of Marketing Analytics

  • “Reconsidering the Evaluation of the Distributive Effects of the Exercise of Market Power in Mexico,” El Trimestre Económico, January 2016
  • “The Theory of Contestable Markets and Its Legacy in Antitrust Practice,” Economics Committee Newsletter, American Bar Association Section of Antitrust Law, Winter 2016
  • “Artificial Intelligence and Pricing: The Impact of Algorithm Design,” 19th Annual International Industrial Organization Conference (IIOC), 30 April 2021
  • “Antitrust Class Certification: Trends, Updates, and What Lies Ahead,” The Knowledge Group, 4 March 2021
  • “A Comprehensive Guide on Antitrust Class Certification,” The Knowledge Group, 30 September 2020
  • “Lending Syndicates Coordination: What Is the Antitrust Risk?,” Antitrust in the Financial Sector: Hot Issues & Global Perspectives conference, Concurrences Review and Morgan, Lewis & Bockius, 1 May 2019