Showing results for: “digital markets act”
Alternative Fuels: Let Markets, Not Government, Decide.
It’s a strange day when the New York Times advocates corporate tax breaks. It’s an even stranger day when I dissent from that recommendation. Well, today must be a strange day indeed, for they did, and I must. The upshot of today’s editorial, Let Them Go Green, is that the federal government should “throw its ... Alternative Fuels: Let Markets, Not Government, Decide.
The Capitalist & The Entrepreneur: Essays on Organizations and Markets
I purchased my copy of Peter Klein’s latest — The Capitalist & The Entrepreneur: Essays on Organizations and Markets — today. It is available for purchase here and here. And if you wont to sneak a peak, you can see the full version here. The role of the entrepreneur is one of the more under-theorized ... The Capitalist & The Entrepreneur: Essays on Organizations and Markets
The FT Misunderstands the Economics of Credit-Card Markets
In a recent piece for the Financial Times, Brendan Greeley argues that the misnamed Credit Card Competition Act would reduce inflation. In it, Greeley recycles numerous myths about the nature of credit-card markets that have long been rebutted by serious economic research. Both theory and ample evidence from the United States and other countries shows ... The FT Misunderstands the Economics of Credit-Card Markets
What Transmission Markets Can Learn from the FCC’s Pole-Attachment Problem
Large portions of the country are expected to face a growing threat of widespread electricity blackouts in the coming years. For example, the Western Electricity Coordinating Council—the regional entity charged with overseeing the Western Interconnection grid that covers most of the Western United States and Canada—estimates that the subregion consisting of Colorado, Utah, Nevada, and ... What Transmission Markets Can Learn from the FCC’s Pole-Attachment Problem
The Institutional Dynamic: Understand First, Act Second—If At All
I have now had a chance to review the excellent posts on the second day, all of which have a common flavor. They expand the universe of relative considerations that need to be taken into account to decide whether imposing caps on interchange fees enhances or reduces overall social welfare. The narrow perspective on this ... The Institutional Dynamic: Understand First, Act Second—If At All
The companies that actually manufacture networks and devices oppose Title II, which may be all you need to know
It’s easy to look at the net neutrality debate and assume that everyone is acting in their self-interest and against consumer welfare. Thus, many on the left denounce all opposition to Title II as essentially “Comcast-funded,” aimed at undermining the Open Internet to further nefarious, hidden agendas. No matter how often opponents make the economic ... The companies that actually manufacture networks and devices oppose Title II, which may be all you need to know
A “social contract” for the drug industry
Mylan Pharmaceuticals recently reinvigorated the public outcry over pharmaceutical price increases when news surfaced that the company had raised the price of EpiPens by more than 500% over the past decade and, purportedly, had plans to increase the price even more. The Mylan controversy comes on the heels of several notorious pricing scandals last year. Recall ... A “social contract” for the drug industry
The Robinson-Patman Act: The Anti-Consumer Welfare Statute
Consistent with the neo-Brandeisian penchant for downplaying (some would say ignoring) consumer-welfare concerns, the Federal Trade Commission (FTC) recently touted its interest in “reinvigorating” enforcement of the Robinson-Patman Act (RPA). This would stand sensible antitrust-enforcement policy on its head, by devoting resources to actions that predictably would tend to diminish consumer welfare. In the hope ... The Robinson-Patman Act: The Anti-Consumer Welfare Statute
Burger King IPO Announcement: Technical Violation of Securities Act?
Burger King announced today that it plans to file an IPO registration statement with the SEC in March (click here for a Reuters article). According to BK’s CEO: “Our goal has always been to take Burger King public . . . . We believe the transparency and stability in ownership offered by being a public ... Burger King IPO Announcement: Technical Violation of Securities Act?
Taking On Lebron: What's the Impact of a Gold Medal Performance?
Stories like this one suggest that winning Olympic gold in Beijing have catapulted team members into better seasons. Here’s a quote from Lebron James: “To win the gold just uplifted all of us into this season. A lot of people were wondering if we’d hit a wall because we played in the Olympics. But ... Taking On Lebron: What's the Impact of a Gold Medal Performance?
EU Intel Fines Attract Rebuke
I’ve criticized the European Commission’s antitrust attack against Intel here and the resulting $1.44 billion fine. Now the EU is drawing fire for allegedly burying testimony, or at least failing to record it in a satisfactory manner, from Dell that it chose Intel’s chips not because of the coercive force of any of Intel’s rebates ... EU Intel Fines Attract Rebuke
Hazlett on the Analog Switchoff
Here is my colleague Tom Hazlett in the Financial Times on the silent death of analog broadcasts for a significant fraction of TV stations: Some 420 TV stations pulled the plug last week, joining another 200 analog stations that had already signed off. What was supposed to cause outrage and panic among TV viewers proved ... Hazlett on the Analog Switchoff
