Showing results for: “digital markets act”
Behavioral Economics and Antitrust at AAI
Related to Thom’s post on behavioral economics and the problem of conflicting or offsetting biases, the American Antitrust Institute (AAI) held a conference on June 18th 2008 (audio available at the link above). The conference was, as I understand it, designed as a precursor to the AAI’s release of a “Transition Report” to the next ... Behavioral Economics and Antitrust at AAI
The global threat to US securities laws
Today’s WSJ reports on the US’s slide in stock listings, which explains the NYSE/Deutsche Borse move. It notes that U.S. stock listings are down by 43%, or by 3800, since 1997. Listings outside the U.S. have doubled. U.S. IPOs since 2000 are down 71% from the 1990s. IPOs by VC-backed startups are down from 90% ... The global threat to US securities laws
Coming Soon: New Merger Guidelines
The possibility of new Merger Guidelines has been much discussed in the antitrust community, particularly in light of appointment of the two new chief agency economists, Carl Shapiro and Joe Farrell, who have done substantial work on the economics of horizontal mergers and market definition. Today, the FTC and DOJ announced a series of workshops ... Coming Soon: New Merger Guidelines
Dear Antitrusters: Bias Is Ubiquitous. Stick to the Merits.
A recent tweet by Lina Khan, discussing yesterday’s American Express decision, exemplifies an unfortunate trend in contemporary antitrust discourse. Khan wrote: The economists cited by the Second Circuit (whose opinion SCOTUS affirms) for the analysis of ‘two-sided’ [markets] all had financial links to the credit card sector, as we point out in FN 4 [link ... Dear Antitrusters: Bias Is Ubiquitous. Stick to the Merits.
Nuno Garoupa on Reforming Legal Professions In East Asia
The traditional narrative is that Asian jurisdictions have fewer lawyers than in the West because they are much less litigious societies; they don’t need lawyers! Recent evidence has suggested the causation is probably reversed; there are not enough lawyers to provide services to all potential litigants. Legal markets in East Asia were largely kept closed ... Nuno Garoupa on Reforming Legal Professions In East Asia
Unlocking the Law: Day 1 Wrap Up
Its been a busy first day of posts. I’ve collected links here for readers who want to catch up for tomorrow’s action when we will feature another full slate of posts. I’ve also created a tab to archive all of the Unlocking the Law posts here. Day 1 featured posts from: Larry Ribstein on After ... Unlocking the Law: Day 1 Wrap Up
The NYT on non-lawyer-financed law firms
The NYT has finally caught onto non-lawyer financing of law firms, and specifically the possibility of Wal-Mart lawyers, now being ushered in by England’s new Legal Services Act. As the article notes, “[s]uch a move could upend the industry’s stiff adherence to the partnership system in favor of full-fledged corporations that have access to the ... The NYT on non-lawyer-financed law firms
More on a possible Comcast/Fox deal: Reports of the death of vertical mergers have been greatly exaggerated
A few weeks ago I posted a preliminary assessment of the relative antitrust risk of a Comcast vs Disney purchase of 21st Century Fox assets. (Also available in pdf as an ICLE Issue brief, here). On the eve of Judge Leon’s decision in the AT&T/Time Warner merger case, it seems worthwhile to supplement that assessment by ... More on a possible Comcast/Fox deal: Reports of the death of vertical mergers have been greatly exaggerated
A Windfall for Insurers in the Medicare Part D Coverage Gap
The two-year budget plan passed last week makes important changes to payment obligations in the Medicare Part D coverage gap, also known as the donut hole. While the new plan produces a one-year benefit for seniors by reducing what they pay a year earlier than was already mandated, it permanently shifts much of the drug ... A Windfall for Insurers in the Medicare Part D Coverage Gap
New Heritage Study Highlights Anticompetitive Features of Obamacare and Points the Way to Needed Reforms
A study released today by the Heritage Foundation (authored by Christopher M. Pope) succinctly describes the inherently anticompetitive nature of Obamacare, which will tend to inflate prices, not reduce costs: “The growth of monopoly power among health care providers bears much responsibility for driving up the cost of health care over recent years. By mandating ... New Heritage Study Highlights Anticompetitive Features of Obamacare and Points the Way to Needed Reforms
Microsoft Again. Really? Why?
DG Comp is after Microsoft. Again. Here is the EU’s press release which states the obvious about the basis of the Statement of Objections : the Commission’s decision in the Windows Media Player decision renders illegal virtually any tie by a firm with a “dominant” share under EU law. Therefore, Microsoft’s inclusion of Internet Explorer ... Microsoft Again. Really? Why?
The UK deregulates business structures for law firms
The Law Blog notes that the UK’s Legal Services Act goes into effect today. When all the regulatory structures are set up, lawyers will be able to practice in “Alternative Business Structures” such as publicly traded law firms and supermarkets. According to The Lawyer, the law firm Everyman Legal says it will be “first in ... The UK deregulates business structures for law firms
