Showing results for: “digital markets act”
The Economics of Customer Service
Is the retail customer willing to pay for customer service? Gaggles of books have been written on the topic of customer service, and those books sell based on the belief that customers *care* about customer service. But do they? Do we? Do I? The idea that somehow customer service matters to the customer is not ... The Economics of Customer Service
No More 10-Qs?
According to the Financial Times (via CFO.com), the Big Four accounting firms will recommend in a joint paper to be released tomorrow that the current system of quarterly reports be scrapped for “real-time, internet based reporting encompassing a wider range of performance measures.” It will be interesting to see what exactly they have in mind. ... No More 10-Qs?
FTC/ DOJ Section 2 Hearings Continue
The FTC/ DOJ Section 2 Hearings (aka Hearings on Section 2 of the Sherman Act: Single Firm Conduct as Related to Competition) continued earlier this week with a session on tying Wednesday featuring David Evans, Robin Cooper Feldman, Mark Popofsky, Donald Russell, Michael Waldman, and Robert Willig. This link contains presentation materials and will eventually, ... FTC/ DOJ Section 2 Hearings Continue
Jurisdictional competition as a rule for growth
I’ve just posted on SSRN a recent paper with Henry Butler, Legal Process and the Discovery of Better Policies for Fostering Innovation and Growth, forthcoming as a chapter in KAUFFMAN TASK FORCE FOR LAW, INNOVATION AND GROWTH, Rules for Growth (2011). Here’s the abstract: Our chapter concerns how legal process can lead to efficient ... Jurisdictional competition as a rule for growth
Agents Prosecuting Agents
I’ve been blogging over the years quite a bit about a problem I call “criminalizing agency costs,” which is a piece of the general problem of over-criminalization. In fact, this problem was a big reason for my getting started in blogging almost seven years ago. As I mentioned a couple of months ago, I presented ... Agents Prosecuting Agents
Fencing Fiduciary Duties
Several years ago I wrote up my theory of fiduciary duties in an inaptly titled paper, Are Partners Fiduciaries? My basic point was that fiduciary duties are and should be narrowly applied, as befits a strict standard that transcends general norms of commercial behavior. Since then I’ve been trying to get across the notion that, ... Fencing Fiduciary Duties
The first thing we do, let's kill the quants!
Professor Bainbridge has a provocative post up taking on empirical legal scholarship generally. The While the Professor throws a little bit of a nod toward quantitative work, suggesting it might at least provide some “relevant gist for the analytical mill,” he concludes that “it’s always going to be suspect — and incomplete — in my ... The first thing we do, let's kill the quants!
Hedge Fund Deregistration
This Bloomberg article notes that 106 hedge funds have withdrawn their registrations under the Advisers Act since the SEC’s rule requiring registration was struck down in Goldstein v. SEC. According to the article: SEC spokesman John Heine said 70 hedge fund managers told the agency they opted out because registration is no longer required. The ... Hedge Fund Deregistration
International Signals: The Political Dimension of International Competition Law Harmonization
Seth Weinberger and I have a new article up at SSRN injecting some IR theory into the debate over international antitrust law. Abstract: The article, written jointly by a law professor and political science professor, endeavors to explain why the United States is particularly resistant to various efforts at international harmonization of antitrust law. While ... International Signals: The Political Dimension of International Competition Law Harmonization
Ribstein Responds: Lawyer Licensing Continued
In my first post on the economics of lawyer licensing (and in the comments) as well as my subsequent response to the Wilson/ Ribstein Point of Law discussion, I mentioned that this is an area where empirical evidence should add significantly to the debate since we have a good deal of variance in state restrictions ... Ribstein Responds: Lawyer Licensing Continued
The Case Against Mandatory Annual Director Elections and Shareholders’ Meetings
I’ve recently posted on SSRN my latest draft article entitled The Case Against Mandatory Annual Director Elections and Shareholders’ Meetings. Here’s the abstract: The article examines the mandatory requirement under state corporate law and stock exchange listing standards that public corporations hold annual shareholders’ meetings for the election of directors. Specifically, I question the value ... The Case Against Mandatory Annual Director Elections and Shareholders’ Meetings
Obama, Antitrust, and the Great Recession
On the campaign trail, Barack Obama made an issue of the ostensibly lax state of antitrust enforcement during the Bush administration. Christine Varney’s first public act as head of the Antitrust Division was to withdraw the Bush Antitrust Division’s unilateral monopolization report and announce that trustbusting against dominant firms was back on the agenda. Expectations ... Obama, Antitrust, and the Great Recession
