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The answer is “yes” according to this MarketWatch article. Here’s a taste. Forty-three percent of investors with a net worth of $5 million or more, not including a primary residence, say they prefer a guaranteed rate of return for the majority of their investments, according to a new report from Chicago-based Spectrem Group, a consulting ... Are the rich getting more financially conservative?
Federal Trade Commissioner Pamela Jones Harbour has sent the U.S. Supreme Court justices an “open letter” regarding the pending Leegin case. [HT: Danny Sokol.] Leegin, as regular TOTM readers know, will test the continued vitality of Dr. Miles, the 1911 decision making it per se illegal for manufacturers and retailers to agree on minimum retail ... A Response to Commissioner Harbour’s "Open Letter" on Leegin
Thursday night I will be speaking at a dinner and discussion sponsored by the eSapience Center for Competition Policy (eCCP) on the pending Leegin decision and the application of per se rules to minimum RPM. Here is the eCCP announcement: Presentations will be made by Prof. Robert Pitofsky, and Prof. Joshua Wright. Prof. Pitofsky is ... Minimum RPM Can Prevent Dealer Free-Riding … And Can You Please Pass the Bread?
Some blogging that may be of interest to TOTM readers: Andrew Gelman (for it) v. Tyler Cowen (against it) on the American Economic Association’s decision to add 4 new quarterly journals. Michael Giberson (Knowledge Problem) and David Fischer (Antitrust Review) on the Sirius-XM Merger, a story Keith has been covering here at TOTM. VC’s Todd ... Some Weekend Blog Reading
Since Josh’s academic life continues to be so riveting, I’m going to blog about it once again: This time the big news is that Josh has accepted a visiting offer from the University of Texas School of Law during the 2008-2009 academic year (followingÂ the conclusion of his undoubtedly-brilliant and mercifully-brief (brilliant, in part, because it’s ... More news about Josh
Jonathan Baker (American) has a very interesting paper on a very hot topic in antitrust nowadays: the role of antitrust regulation in innovation.Â The title isÂ “Beyond Schumpeter vs. Arrow: How Antitrust Fosters Innovation.” Here is the abstract: The relationship between competition and innovation is the subject of a familiar controversy in economics, between the Schumpeterian ... Baker on Antitrust & Innovation
Justice Thomas’ opinion is available here.Â The punchline: “The general theoretical similarities of monopoly and monopsony combined with the theoretical and practical similarities of predatory pricing and predatory bidding convince us that our two-pronged Brooke Group test should apply to predatory-bidding claims.”Â Professor Sokol has a few additional comments at AntitrustProfBlog.
Soledad O’Brien said a (sort of) bad word on American Morning this morning. I was watching when she said it. I didn’t notice the word, but it’s plain as day in the transcript below (omissions noted by ellipses):
Today’s report that Sirius and XM plan to merge vindicates the antitrust analysis offered here last June. Regulators should analyze the merger from a broad “audio market” perspective that includes terrestrial radio. Considering the extensive non-satellite content available to listeners, and considering as well the efficiencies associated with the Sirius/XM combination, it is reasonable to ... Sirius/XM: You Heard It Here First!
Darian Ibrahim will be guest blogging here for the next couple of weeks. Darian is an Associate Professor of Law at the University of Arizona Rogers College of Law where he teaches Business Organizations, Law & Entrepreneurship, Securities Regulation, and Contracts. He presented his latest paper, Fiduciary Duties, Individual or Collective Liability for Directors, and ... Darian Ibrahim Joins Us as Guest Blogger
Inspired by Thom’s wonderful post on market “wonder moments,” which was itself inspired by the availability of free class notes and syllabi from the likes of Yale, Notre Dame and MIT on the web, I thought I would share a few of my favorite free, or at least not very expensive (and maybe not so ... Learning Economics Online
Podcasts from this year’s AALS conference are now available. Click here for the Business Associations panel on the Disney case. Recall that Justice Jacobs from the Delaware Supreme Court (author of the Delaware Supreme Court opinion in the case) participated in addition to many heavy-hitting corporate law academics (see below). Here’s the blurb from the ... AALS Disney Panel Podcast