Showing results for: “digital markets act”
Tips for Law Student Judicial Interns
Orin Kerr: If you’re a law student who is interning for a judge this summer, here’s my advice (beyond the usual advice of working hard, being professional, etc.): 1) Be incredibly nice to the secretaries. You might think judges run judicial chambers. For the most part, though, they don’t: Judges’ secretaries run judicial chambers. Judges ... Tips for Law Student Judicial Interns
Jacobson on the Apple ebooks case: It is hard to find an easier antitrust case than United States v. Apple
Try as one may, it is hard to find an easier antitrust case than United States v. Apple. Consider: The six leading publishers all wanted to prevent Amazon and others from offering best seller e-books at $9.99 (or other similar low prices). The problem, however, was that they had no mechanism for accomplishing that result. Then ... Jacobson on the Apple ebooks case: It is hard to find an easier antitrust case than United States v. Apple
Me Too @ Cato’s Constitution Day
Like Larry, I’ll be at Cato on Constitution Day. TOTM will be well represented. While Larry covers Jones v. Harris and mutual funds, I’ll have my sights on the Roberts Court’s recent decision in American Needle v. NFL. See you there! The abstract of my paper (co-authored with Judd Stone), Antitrust Formalism is Dead! Long ... Me Too @ Cato’s Constitution Day
The Supreme Court and mutual funds @ Cato
I’ll be helping Cato celebrate Constitution Day and the soon-to-be-published edition of their latest Supreme Court Review with my contribution on last term’s Jones v. Harris: Federal Misgovernance of Mutual Funds. See Walter Olson’s summary of the panel on the business cases. Here’s the abstract of my paper: In Jones v. Harris Associates, the Supreme ... The Supreme Court and mutual funds @ Cato
Revisions to the Merger Guidelines: Above All, Do No Harm
My sense is that there is no need to revise the DOJ/FTC Horizontal Merger Guidelines, with one exception. As Greg Werden points out, “a thorough revision would take up to three years and occupy some of the agencies’ best people for a total of more than two thousand hours.” The current guidelines lay out the ... Revisions to the Merger Guidelines: Above All, Do No Harm
The Whole Wide World of Government
First, a bit of self-promotion: the International Center for Law & Economics (ICLE) hosted an excellent panel discussion Feb. 26 on the 2023 merger guidelines. I moderated, but the real attractions were the panelists: Maureen Ohlhausen, Noah Phillips, Bruce Kobayashi, Diana Moss, and Kristen Limarzi. The room was packed, as it should have been. Video ... The Whole Wide World of Government
Who decides how much to pay?
What is the proper role for judges in deciding how much investment advisers to mutual funds should be compensated? This is the question the Supreme Court will answer in Jones v. Harris Associates, argued last month. At first, the question seems silly: courts don’t get a say in how much I get paid or how ... Who decides how much to pay?
Some thoughts on the Olympics
I just love the Olympics. Exhibit A for me was the face of American skier Lindsey Vonn in the starting gate last night before her gold-medal-winning race. Vonn was the overwhelming favorite, having proved herself the greatest skier in the world for the past few years. She was, however, plagued by a nasty shin injury ... Some thoughts on the Olympics
Beer v. Pot, Public Choice Edition
The political economy of alcohol regulation has always been fascinating. But things took an interesting turn of late (HT: Marginal Revolution) when a beer industry trade group took a stand against a proposition that would legalize marijuana in California: The California Beer & Beverage Distributors is spending money in the state to oppose a marijuana ... Beer v. Pot, Public Choice Edition
Net Neutrality, the MetroPCS Complaint, and Low-Income Consumers
I blogged a bit about the MetroPCS net neutrality complaint a few weeks ago. The complaint, you may recall, targeted the MetroPCS menu of packages and pricing offered to its consumers. The idea that MetroPCS, about one-tenth the size of Verizon, has market power is nonsense. As my colleague Tom Hazlett explains, restrictions on MetroPCS ... Net Neutrality, the MetroPCS Complaint, and Low-Income Consumers
Steeling to Block a Merger
In an April 17 address to United Steelworkers in Pittsburgh, President Joe Biden vowed that his administration would “thwart the acquisition of U.S. Steel by a Japanese company,” Nippon Steel, telling the assembled union members that U.S. Steel “has been an iconic American company for more than a century and it should remain totally American.” ... Steeling to Block a Merger
Assessing the Social Effects of the Use of Credit Cards
The GAO has a fairly extensive discussion of the costs and benefits of credit cards to merchants. However, that discussion focuses on the individual benefits. I would like to step back and put two of those benefits – increased merchant sales and fraud prevention costs – into the larger context that I discussed earlier. First, ... Assessing the Social Effects of the Use of Credit Cards
