Showing results for: “digital markets act”
Eric Talley on Deregulating Lawyers: Comments From a Knee-jerk Skeptic
I have spent the last few days reading the recent study by Clifford Winston, Robert W. Crandall, and Vikram Maheshri, entitled “First Thing We Do: Let’s Deregulate All the Lawyers” (Brookings Institution, 2011, $19.95). In it, the authors marshal a variety of empirical methods to argue that the current practice of state bar admission and ... Eric Talley on Deregulating Lawyers: Comments From a Knee-jerk Skeptic
Why do insiders trade illegally?
Not, as economic theory would predict, because they need the money, according to Bhattacharya and Marshall, Do They Do it for the Money? Here’s the abstract: Using a sample of all top management who were indicted for illegal insider trading in the United States for trades during the period 1989-2002, we explore the economic rationality ... Why do insiders trade illegally?
How Much Search Bias Is There?
My last two posts on search bias (here and here) have analyzed and critiqued Edelman & Lockwood’s small study on search bias. This post extends this same methodology and analysis to a random sample of 1,000 Google queries (released by AOL in 2006), to develop a more comprehensive understanding of own-content bias. As I’ve stressed, ... How Much Search Bias Is There?
Randomizing Regulation
An interesting post on the University of Pennsylvania Reg Blog from Michael Abramowicz, Ian Ayres, and Yair Listokin (AAY) on “Randomizing Regulation,” based upon their piece in the U Penn L. Rev. If legislators disagree about the efficacy of a proposed policy, why not resolve the disagreement with a bet? One approach would be to impose ... Randomizing Regulation
Commentary: In the race for a COVID-19 vaccine, how do we balance risk and safety?
(Ed. Note: the following is an excerpt from a piece published by the Chicago Tribune on Oct. 16, 2020. Click here to read the full piece) No matter your Twitter feed, “vaccines have been one of the greatest public health tools to prevent disease,” as The New York Times explained in January… Many are terrified ... Commentary: In the race for a COVID-19 vaccine, how do we balance risk and safety?
Auto Dealers Dealing Tesla MO Roadblocks
Our TOTM colleague Dan Crane has written a few posts here over the past year or so about attempts by the automobile dealers lobby (and General Motors itself) to restrict the ability of Tesla Motors to sell its vehicles directly to consumers (see here, here and here). Following New Jersey’s adoption of an anti-Tesla direct ... Auto Dealers Dealing Tesla MO Roadblocks
A critical assessment of the latest charge of Google’s anticompetitive bias from Yelp and Tim Wu
Today ICLE released a white paper entitled, A critical assessment of the latest charge of Google’s anticompetitive bias from Yelp and Tim Wu. The paper is a comprehensive response to a study by Michael Luca, Timothy Wu, Sebastian Couvidat, Daniel Frank, & William Seltzer, entitled, Is Google degrading search? Consumer harm from Universal Search. The Wu, et al. ... A critical assessment of the latest charge of Google’s anticompetitive bias from Yelp and Tim Wu
EU General Court Sends a Maverick Packing
Last month the EU General Court annulled the EU Commission’s decision to block the proposed merger of Telefónica UK by Hutchison 3G UK. It what could be seen as a rebuke of the Directorate-General for Competition (DG COMP), the court clarified the proof required to block a merger, which could have a significant effect on ... EU General Court Sends a Maverick Packing
Global Antitrust Institute Propounds Recommendations for Reform of Japan’s Administrative Surcharge System
On August 6, the Global Antitrust Institute (the GAI, a division of the Antonin Scalia Law School at George Mason University) submitted a filing (GAI filing or filing) in response to the Japan Fair Trade Commission’s (JFTC’s) consultation on reforms to the Japanese system of administrative surcharges assessed for competition law violations (see here for ... Global Antitrust Institute Propounds Recommendations for Reform of Japan’s Administrative Surcharge System
Remembering Larry
It is hard to imagine a world without Larry. I had the privilege of being his colleague at Illinois for four years and getting to interact with Larry regularly was among the best things about that time. My office was between his office and the coffee machine and he’d regularly stop in, casually toss of ... Remembering Larry
Global Antitrust Institute Comments on Chinese Draft Antitrust Guidelines Regarding Disgorgement and Fines Have Broader Implications for Sound Antitrust Enforcement Policy
The Global Antitrust Institute (GAI) at George Mason University Law School (officially the “Antonin Scalia Law School at George Mason University” as of July 1st) is doing an outstanding job at providing sound law and economics-centered advice to foreign governments regarding their proposed antitrust laws and guidelines. The GAI’s latest inspired filing, released on July ... Global Antitrust Institute Comments on Chinese Draft Antitrust Guidelines Regarding Disgorgement and Fines Have Broader Implications for Sound Antitrust Enforcement Policy
A Tribute to Joshua Wright
by Richard A. Epstein, Laurence A. Tisch Professor of Law, NYU School of Law A recent story in the Wall Street Journal described Josh Wright as the “FTC’s most conservative commissioner.” It is a sign of today’s politicized environment that this label is used as a substitute for serious substantive analysis of the particular positions that Wright ... A Tribute to Joshua Wright
