Showing results for: “digital markets act”
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Geoff’s post about Kevin Murphy’s recent slides and analytical framework for thinking about the stimulus are worth reading and if you haven’t yet. Here’s a link to the video. Here’s Murphy’s analysis in a nutshell for those who haven’t: A Framework for Thinking about the Stimulus Package Let G = increase in government spending 1-a= ... Alpha = 0?
AALS Financial Institutions Section Call for Papers
Rubber Hits Road: Implementing Dodd-Frank amid Reform Fatigue This program will take place one and a half years after the Dodd-Frank Act was signed into law. The law left many of the details of financial reform to be filled in by regulators, raising the risk of capture. Some of the most important rule makings have ... AALS Financial Institutions Section Call for Papers
Capital Confusion at the New York Times
In a recent guest essay for The New York Times, Aaron Klein of the Brookings Institution claims that the merger between Capital One and Discover would “keep intact the broken and predatory system in which credit card companies profit handsomely by rewarding our richest Americans and advantaging the biggest corporations.” That’s quite an indictment! Fortunately, Klein also ... Capital Confusion at the New York Times
Will the FTC Scupper the Kroger/Albersons Merger?
The press is abuzz with news about the Federal Trade Commission’s (FTC) Feb. 26 announcement that it would challenge the proposed Kroger/Albertsons mega-supermarket merger, which had been in the works since the fall of 2022. If the FTC succeeds in obtaining a temporary restraining order and preliminary injunction in Oregon federal district court (a big ... Will the FTC Scupper the Kroger/Albersons Merger?
The Economics of Being Able to Fire People Who Provide Me Services
Via Professor Bainbridge, I read today about the nonsense surrounding Mitt Romney enjoying firing people. I’m late to the this one, but here is the quote in context for anybody who missed it: “I want individuals to have their own insurance,” he said. “That means the insurance company will have an incentive to keep you ... The Economics of Being Able to Fire People Who Provide Me Services
Price Discrimination is Good, Part 2
Yesterday I started a new TOTM feature on why price discrimination is good in light of the bad rap that the practice gets in public policy circles and with the public generally. Lest one believe that the examples of regulatory scrutiny of price discrimination in antitrust and regulated industries are special cases, a reader points ... Price Discrimination is Good, Part 2
Some Preliminary Reactions to the Leegin Transcripts
Transcripts in Leegin are available here (HT: Antitrust Review where David Fischer points out some of the highlights of the oral argument). I may add some additional thoughts later after I read the whole thing again, but for now here are some first impressions: Breyer and Souter both had some interest comments on what to ... Some Preliminary Reactions to the Leegin Transcripts
The Commission Wins an Exclusive Dealing Case
Today, the Commission announced a consent decree with Transitions Optical in an exclusionary conduct case. Here’s the FTC description: Transitions Optical, Inc., the nation’s leading manufacturer of photochromic treatments that darken corrective lenses used in eyeglasses, has agreed to stop using allegedly anticompetitive practices to maintain its monopoly and increase prices, under a settlement with ... The Commission Wins an Exclusive Dealing Case
Stock Spam
Stock spam refers to spam emails that tout typically thinly traded stocks. There’s a new paper up on SSRN entitled “The Effect of Stock Spam on Financial Markets� that analyzes whether stock spam impacts trading volume or market valuation of the touted stocks. Here’s the abstract: Spam messages are ubiquitous and extensive interdisciplinary research has ... Stock Spam
Churchill Sans Cigar?
AFP is reporting that the British government may allow film, television, and stage actors to… brace yourself… smoke in public! Oh…but only if smoking “is integral to the plot or storyline” of the performance at issue. Announcing this little dollop of (potential) legislative grace, a Department of Health spokesman explained: The government is considering providing ... Churchill Sans Cigar?
Warren on Rationality, Choice, and Regulation in the Credit Card Market
Elizabeth Warren (Credit Slips) points to an interesting empirical study by Agarwal, Liu, Souleses, and Chomsisengphet (“ALSC”) which examines consumer credit card selection in a natural experiment setting in which a card company offers two cards to consumers: (1) a high interest rate, no annual fee card and (2) a low rate card with an ... Warren on Rationality, Choice, and Regulation in the Credit Card Market
A first principles approach to antitrust enforcement in the agricultural industry
Like Mike, we also have a short article in the latest issue of the CPI Antitrust Chronicle. Also available on SSRN, for those without a CPI subscription. Here’s our stab at an abstract: There are very few industries that can attract the attention of Congress, multiple federal and state agencies, consumer groups, economists, antitrust lawyers, ... A first principles approach to antitrust enforcement in the agricultural industry
