Showing results for: “digital markets act”
The New Issue of Antitrust Source
Is available here. In this issue Chris Sagers considers the future of Section 1 in light of the Supreme Court’s possible action in American Needle. Continuing our focus on China, this issue features an article by Nate Bush that examines merger enforcement activity under that country’s year-old Antimonopoly Law. Still on mergers, but on the ... The New Issue of Antitrust Source
A New Defense of the Per Se Prohibition Against RPM?
Professor Sokol points to this paper by Ittai Paldor (an SJD student at U. Toronto) which Sokol points out qualifies as the rarely observed defense of the per se rule against RPM. Here’s an excerpt from the abstract: In the following I argue that legal policymakers’ current approach is economically justified. I show that all ... A New Defense of the Per Se Prohibition Against RPM?
Gladwell on US News
Malcolm Gladwell tackles US News college and law school rankings in the 2/14 New Yorker (subscription required). The result is the usual Gladwellian light-headedness, a lot of cleverness but best taken like most situation comedies, without a lot of reflection. Gladwell begins by making the simple and unarguable point that you can’t capture the quality ... Gladwell on US News
Moneyball, GMU and the Future of Law and Economics
My colleague Ilya Somin insightfully defends against allegations of the death of Moneyball in baseball and legal academia — largely making the point that larger institutions with larger payrolls imitating the successful elements of the strategy. There is more there, so go read the whole thing as well as an interesting comment thread. Ilya points ... Moneyball, GMU and the Future of Law and Economics
Dear Wal-Mart, Shareholders *own* the corporation.
Today’s WSJ had an article titled “Wal-Mart Apologizes to Groups That Were Focus of Surveillance,” which noted that Wal-Mart apologized for responding to large institutional shareholders as “threats.” Obviously Wal-Mart realized a bit too late that it was absurd, from an investor relations standpoint (and a corporate governance standpoint), to refer to the owners of ... Dear Wal-Mart, Shareholders *own* the corporation.
Fool me once, shame on…shame on you. Fool me – you can’t get fooled again.
I’d like to share a quote on banking industry regulation: “To restrain private people, it may be said, from receiving in payment the promissory notes of a banker for any sum, whether great or small, when they themselves are willing to receive them; or, to restrain a banker from issuing such notes, when all his ... Fool me once, shame on…shame on you. Fool me – you can’t get fooled again.
Gabriel on Trinko After Linkline
Manfred Gabriel (Antitrust Review) writes that Linkline extends the reach of Trinko in some important ways: The opinion of the court in Linkline, Chief Justice Roberts writes that Trinko: … makes clear that if a firm has no antitrust duty to deal with its competitors at wholesale, it certainly has no duty to deal under ... Gabriel on Trinko After Linkline
Too Big To Fail as an Antitrust Concept
There has been a lot of talk recently about the possibility that lax antitrust gave rise to the financial crisis or that antitrust could be used as a proactive weapon to prevent mergers and acquisitions that would create entities “too big to fail.” George Priest recently took AAG Varney to task for suggesting that there ... Too Big To Fail as an Antitrust Concept
Whitman on Libertarian Paternalism and the Public-Private Distinction
Here’s a great post from Glen Whitman on libertarian paternalism as applied to mortgages and the housing market. Glen takes Richard Thaler to task for his NY Times piece discussing behavioral economics in the mortgage market and advocating defaults for “plain vanilla” mortgages. Glen’s primary beef is that Thaler ignores the distinction between private and ... Whitman on Libertarian Paternalism and the Public-Private Distinction
The Future of Empirical Legal Scholarship
Thoughts from John Pfaff (Fordham) here and here. And here is an excerpt from his first post laying out some of the problems and challenges facing the empirical legal studies movement: So what are the problems we face? 1. An explosion in empirical work. More empirical work is, at some level, a good thing: how ... The Future of Empirical Legal Scholarship
Glaxo/Pfizer HIV Drug Collaboration
There’s an interesting story in the WSJ about a merger between the HIV-drug businesses at Glaxo and Pfizer. Some details from the story: Examples of cooperation among drug giants are unusual — Pfizer and Glaxo are the world’s top two drug companies by sales, respectively — since big pharmaceutical companies compete to sell products, attract ... Glaxo/Pfizer HIV Drug Collaboration
Section 2 Report Quick Reactions
A few quick reactions to the repudiation of the Section 2 Report, and more importantly, what it means for the future of monopolization enforcement: First, the most disappointing thing about the withdraw of the Report and this announcement is that it is incredibly dismissive about the long hours of work put into this project by ... Section 2 Report Quick Reactions
