Showing results for: “digital markets act”
New Heritage Foundation Publication on Saving Internet Freedom
Yesterday the Heritage Foundation released a series of essays on “Saving Internet Freedom.” These analytical essays are an excellent reference work for interested members of the public who seek answers to those who claim the Internet requires new and intrusive government regulation. The introduction to the essays highlights the topics they cover and summarizes their ... New Heritage Foundation Publication on Saving Internet Freedom
Some Economic Insights on Prices and Choices
Courtesy of Lynne Kiesling who supplies such insights regularly over at Knowledge Problem. It’s about retail choice in electricity, but the general principles apply more broadly. The whole thing is worth reading carefully: There are, though, several ways that free choice and the removal of entry barriers into retail markets generates better outcomes than regulated ... Some Economic Insights on Prices and Choices
Varney Confirmation Hearings
Webcast and testimony are available. Here is the paragraph from the testimony setting forth objectives for the new DOJ enforcement regime with some brief commentary below: There are three main areas that, if confirmed, I will focus on as the Assistant Attorney General for Antitrust. First, we must rebalance legal and economic theories in antitrust ... Varney Confirmation Hearings
Contestability theory in the real world
Though concentration seems to be an increasingly popular metric for discussing antitrust policy (a backward move in my opinion, given the theoretical work by Harold Demsetz and others many years ago in this area), contestability is still the standard for evaluating antitrust issues from an economic standpoint. Contestability theory, most closely associated with William Baumol, ... Contestability theory in the real world
Market Correction
Market Correction has become one of my favorite blogs. Don Boudreaux (George Mason and Cafe Hayek) and Andrew Morriss (Case Western Reserve University) post letters to the editors that they have written to editors at newspapers and magazines correcting instances of economic illiteracy. Here is a taste from a recent letter from Boudreaux in response ... Market Correction
The FTC Report on Price Gouging (And Its Absence)
The Federal Trade Commission was directed to investigate the possibility of price gouging and manipulation in the aftermath of Hurricane Katrina. The FTC released its 222 page report today (HT: Antitrust Review). It is a comprehensive analysis of local, regional, and national prices before and after Katrina and Rita. One of the key tasks charged ... The FTC Report on Price Gouging (And Its Absence)
Kiesling on Sunstein, OIRA and Nudging
A post that everybody should read over at Knowledge Problem in which Lynne Kiesling moves from behavioral economics to the design of fixed price default contracts in electricity markets to a Hayekian critique of the Sunstein-Thaler libertarian paternalist program to the following closing paragraph: In devising OIRA policy I’d like to hear Sunstein invoke another ... Kiesling on Sunstein, OIRA and Nudging
Politics and Price Gouging
Commissioner Rosch gets off his second shot in against the Department of Justice in just a few weeks in the pages of the Wall Street Journal — this time in a letter to the editor: Obama’s Political ‘Price-Gouging’ If any doubts existed about whether the Justice Department is just “an arm of the administration,” they ... Politics and Price Gouging
SSRN Top Tens for Corporate, Corporate Governance, and Securities Law
The current SSRN top tens for corporate, corporate governance, and securities law are after the jump.
May Treasury Buy Newly Issued Securities of Ailing Financial Firms?
Last week I posted about Lucian Bebchuk’s thoughtful bailout plan, which would have expanded Treasury’s powers to include the ability to make direct investments in ailing financial firms (as opposed to just buying their distressed assets). I was under the impression the bailout legislation didn’t provide Treasury with such authority. An article in today’s WSJ, ... May Treasury Buy Newly Issued Securities of Ailing Financial Firms?
Foreclosure lawyers as mortgagees
The NYT reports on foreclosure lawyers who are getting paid contingency fees for mortgage savings, and are themselves getting mortgages from their clients to secure their fees: The Ticktin mortgages resemble the loans that the clients originally got from Countrywide, GMAC and other lenders. Each will be a contractual obligation with the law firm, labeled ... Foreclosure lawyers as mortgagees
FTC/DOJ Section 2 Hearings Explore Monopoly Power
For the next two days, the Section 2 Hearings will explore “different methods of evaluating monopoly power in single-firm conduct cases, including issues relating to market definition, the Cellophane fallacy, the use of direct evidence, single-firm markets, and technology markets.” The sessions will be held at the FTC’s Conference Center at 601 New Jersey Ave., ... FTC/DOJ Section 2 Hearings Explore Monopoly Power
