"The Sorry State of Joint Venture Analysis" was the title of Professor Michael Jacobs' keynote address at the 24th Annual Workshop of the Competition Law and Policy Institute in Aukland, New Zealand. Professor Jacobs, a co-director of the International Aviation Law Institute at DePaul University College of Law, delivered the address and presented the accompanying paper on August 2. Attendees at the workshop included a justice of the Supreme Court of New Zealand, antitrust regulators from Australia and New Zealand, and antitrust lawyers, economists and academics from both countries.