Showing results for: “digital markets act”
Hazlett on Property Rights and Innovation
My colleague Tom Hazlett has a characteristically insightful essay in the Financial Times this week entitled “How the Walled Garden Promotes Innovation.” In response to critics that argue that “only a device that is optimised for any application and capable of accessing any network is efficient,” Hazlett offers Apple and DoCoMo as examples of how ... Hazlett on Property Rights and Innovation
Time for a really new law school
Delaware is thinking about a new law school. Bainbridge and Pileggi don’t like it. Says Steve: the last thing Delaware–or the country as a whole–needs is another law school churning out graduates into a still dismal job market. We need to be killing off the bottom dwellers, not starting new ones. I agree, with a ... Time for a really new law school
The Industrial Organization of Food Carts
As Harold Demsetz notes, “the problem of defining ownership is precisely that of creating properly scaled legal barriers to entry.” Taxi medallions, meet food cart permits. From the WSJ: The city’s competitive street food culture has created a thriving black market for mobile food vending permits issued by the Department of Health and Mental Hygiene. ... The Industrial Organization of Food Carts
Nobel Prize for Unemployment Theory
Congratulations to Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides for taking home the 2010 Nobel Prize. As Alex Tabarrok notes, this year’s prize can usefully be thought of as a prize for unemployment theory. See also Tyler Cowen’s profiles of Diamond, Mortensen, and Pissarides. I think the most useful short summary of this ... Nobel Prize for Unemployment Theory
Morons of the world, unite!
My wife makes me subscribe to the New York Times, and occasionally it is worth it. Take this recent essay by Roger Cohen. It is difficult to get past the faux-intellectual babble — “As it is, everyone’s shrieking their lonesome anger, burrowing deeper into stress, gazing at their own images” — but if you can ... Morons of the world, unite!
Lawyers as capitalists
The WSJ reports: Clients are seeking ways to lower their legal costs, and more of them are asking law firms to share the risk of litigation, particularly in intellectual property cases, with contingency payment arrangements in which the clients pay no fees upfront. Under this arrangement, a law firm only gets paid if it wins. ... Lawyers as capitalists
Interchange fees and other rules
The GAO report raises concerns about card association the level of interchange fees (that acquirers pay issuers for credit card transactions processed) but also about other card association rules such as the ‘no surcharge rule.’ That rule prevents a merchant who accepts card transactions from charging a ‘point of sale’ premium to consumers who use ... Interchange fees and other rules
An Additional Cost of Non-Price Rationing
Today’s (July 5, 2014) New York Times has an interesting story about rationing of water in California. There are apparently rules in place urging people to cut back on water use, but they are apparently not well enforced. Unsurprisingly, these appeals and unenforced rules are having relatively small effects. So many municipalities are urging neighbors ... An Additional Cost of Non-Price Rationing
Maureen Ohlhausen to FTC
Congratulations to Maureen Ohlhausen on the announcement that President Obama intends to nominate her to replace William Kovacic on the Federal Trade Commission. This is an excellent appointment. The Washington Post observes: Ohlhausen comes from Wilkinson Barker Knauer law firm, where she is a partner in the firm’s privacy, data protection and cyber security practice. ... Maureen Ohlhausen to FTC
Call for Papers for the Haas-Sloan Conference on the Law & Economics of Organization
Haas-Sloan Conference on The Law & Economics of Organization: New Challenges and Directions Nov. 30-Dec. 1, 2012 The Walter A. Haas School of Business, with support from the Alfred P. Sloan Foundation, is issuing a call for original research papers to be presented at the Conference on The Law & Economics of Organization: New Challenges ... Call for Papers for the Haas-Sloan Conference on the Law & Economics of Organization
GMU/Microsoft Conference on the Law & Economics of Innovation
UPDATE 3: It just keeps getting better. Now we’ve added Mike Baye, formerly Director of the Bureau of Economics at the FTC, now returned to his post at Indiana. He’ll be moderating and I’m sure commenting on many of the papers. UPDATE 2: And now Susan DeSanti, newly-appointed Director of the Office of Policy and ... GMU/Microsoft Conference on the Law & Economics of Innovation
Hating Capitalism
One topic that has long interested me is the source of dislike or hatred of capitalism; my Southern Economics Journal article “Folk Economics” (ungated version) dealt in part with this topic. Today’s New York Times has an op-ed, “Capitalists and Other Psychopaths” by William Deresiewicz, who has taught English at Yale and Columbia, that both ... Hating Capitalism
