Showing results for: “digital markets act”
Kidney Donors to be Compensated in Israel
A Jerusalem District Court has ruled that kidney donors will receive compensation (about $13-14K in US dollars) from HMOs for transplant expenses. While the ruling does not address “the question of whether a kidney donor is entitled to an additional reward for the lack of the organ, and if so, how much and what should ... Kidney Donors to be Compensated in Israel
Schumer and the decline of New York
Six years ago Henry Butler and I wrote about what we called the Sarbanes-Oxley Debacle. Well, it’s still a debacle after all these years, and having significant effects on business and international competition. Yesterday’s WSJ opined, concerning the potential NYSE/Deutsche Borse merger that whoever ends up owning the iconic trading venue, the question is whether ... Schumer and the decline of New York
Dave Haddock Remembers Fred McChesney
David Haddock is Professor of Law and Professor of Economics at Northwestern University and a Senior Fellow Emeritus at PERC. The day Fred McChesney departed this life, the world lost an intelligent, enthusiastic, and intellectually rigorous scholar of law & economics. A great many of us also lost one of our most trusted and generous ... Dave Haddock Remembers Fred McChesney
Discretionary Spending (and my mother)
Back during GW’s first term, when various folks were positing that the economy was in a recession, my mother said something along the lines of “I know that we are not in a recession because people are still buying bras from Victoria’s Secret.” True story. My mom’s point, for those of you who have never ... Discretionary Spending (and my mother)
Thoughts on AFSCME v. AIG
As discussed here, here and here, the Second Circuit recently rejected the SEC’s interpretation of Rule 14a-8(i)(8) which allows a company to exclude a shareholder proposal from its proxy materials “[i]f the proposal relates to an election for membership on the company’s board of directors . . . � (see AFSCME v. AIG, 2006 WL ... Thoughts on AFSCME v. AIG
Monday Morning Quarterback — Nobel Edition
I don’t have much to say about this one. I don’t know much about Edmund Phelps’ work (here’s his CV). As Geoff commented in response to my erroneous prediction, the award did indeed go to an economist who “has never been in my kitchen,” and thus Geoff will be doing some fine dining on me. ... Monday Morning Quarterback — Nobel Edition
Nasdaq now officially an exchange
As I blogged earlier (see here), Nasdaq has been working on becoming an “exchange” since 2001. As of Monday, it’s official (see here and here). As I said before: From my perspective (law professor who writes in the securities regulation area), one big positive of the change is that now both the NYSE and NASDAQ ... Nasdaq now officially an exchange
More on federalism and immigration
I recently discussed the Supreme Court’s latest decision not to preempt an Arizona law imposing tough sanctions on firms that employ illegal aliens. I concluded it was a close case but that there was a policy argument for the Court’s result based on Erin O’Connor and my theory of regulatory coordination. Employment laws like Arizona’s ... More on federalism and immigration
Law and New Institutional Economics for Law Professors
Victor Fleischer and Phil Weiser are putting on a Law and New Institutional Economics workshop for law professors in June. The conference announcement is here. I believe Thom attended last year’s installment, and I will be on the program this year. Here are more details: New Institutional Economics (NIE) is an interdisciplinary methodology that draws ... Law and New Institutional Economics for Law Professors
The Future of Law and Economics, Part 1
I’m very interested in the history, the present, and the future of the law and economics methodology and movement. Recently, I’ve been giving some thought to the direction of the movement, especially as it currently exists in the legal academy. Some of my thinking has been inspired by this post from Larry Ribstein, the comments ... The Future of Law and Economics, Part 1
Bundled Discounts Remarks (More to Come…)
In response to Josh’s gentle nudge, here are my remarks from Wednesday’s DOJ/FTC hearing on loyalty discounts. I focus entirely on bundled discounts (as opposed to single-product loyalty discounts, like volume or market-share discounts). Bundled discounts are discounts (or rebates) that are conditioned upon purchasing separate products from disparate product markets — e.g., “we’ll give ... Bundled Discounts Remarks (More to Come…)
Abbott on the Apple e-books case: Apple v. United States and antitrust error cost analysis
As Judge (and Professor) Frank Easterbrook famously explained over three decades ago (in his seminal article The Limits of Antitrust), antitrust is an inherently limited body of law. In crafting and enforcing liability rules to combat market power and encourage competition, courts and regulators may err in two directions: they may wrongly forbid output-enhancing behavior ... Abbott on the Apple e-books case: Apple v. United States and antitrust error cost analysis
