Showing results for: “digital markets act”
Chicago, Neo-Chicago and Chicago Squared: A Comment from David Evans and Jorge Padilla
In a recent post, Josh jokingly offered a mathematical “proof” to demonstrate that the Neo-Chicago approach to antitrust was simply an extension of the basic Chicago School approach: Dan identifies the “Neo-Chicago School”, a term coined by David Evans and Jorge Padilla, as the optimal “third way.” Basically, the Neo-Chicago school is the combination of ... Chicago, Neo-Chicago and Chicago Squared: A Comment from David Evans and Jorge Padilla
From the Department of "If You Can't Beat 'Em …"
The WSJ is reporting that the American Gaming Association is relaxing its opposition to online gambling in the wake of several bills proposing to ban Internet gambling. The DOJ’s position has been that online gambling, and not just sports gambling, violates the Wire Act though at least one federal district court has disagreed. The AGA ... From the Department of "If You Can't Beat 'Em …"
Inevitable Monopolies and More Maverick Madness
In antitrust lore, mavericks are magical creatures that bring order to a world on the verge of monopoly. Because they are so hard to find in the wild, some researchers have attempted to create them in the laboratory. While the alchemists couldn’t turn lead into gold, they did discover zinc. Similarly, although modern day researchers ... Inevitable Monopolies and More Maverick Madness
Shining the Light of Economics on the Google Case
The U.S. Justice Department has presented its evidence in the antitrust case alleging that Google unlawfully maintained a monopoly over “general search services” by “lock[ing] up distribution channels” through “exclusionary agreements” with makers and marketers of devices. Google’s agreements with Apple, for example, have made its search engine the default in Apple’s Safari browser. The ... Shining the Light of Economics on the Google Case
Private equity and financial distress
I’ve written often, particularly in my Rise of the Uncorporation, of the upside disciplinary effect of uncorporate management. This includes the salutary role of private equity (e.g., this recent post). But detractors argue that private equity-backed leveraged buyouts, by replacing equity with debt, make targets vulnerable to the disruption of bankruptcy. A recent paper by ... Private equity and financial distress
A Few Antitrust Links
Antitrust Review reports on Obama on Antitrust (““We’re going to have an antitrust division in the Justice Department that actually believes in antitrust law. We haven’t had that for the last seven, eight years”) Danny Sokol wants you to sign the letters at the link to support direct appropriations for technical assistance Commissioner Rosch on ... A Few Antitrust Links
Microsoft Withdraws Its Bid For Yahoo!
This just in: Microsoft withdrew its most recent bid for Yahoo and announced it will not be making a hostile move for Yahoo. This comes on the heels of the announcement a mere day ago that Yahoo and Microsoft were sitting down to try to hammer out a friendly deal. Fickle, that Microsoft is! Allow ... Microsoft Withdraws Its Bid For Yahoo!
Dammit – DC Madam Hangs Herself
The DC Madam killed herself today, about a week after being found guilty by a jury on prostitution-related charges of money-laundering (among other things). Among her alleged clients are Louisiana Senator David Vitter, former U.S. Deputy Secretary of State Randall Tobias, and Harlan K. Ullman, a senior associate with the Center for Strategic and International Studies, ... Dammit – DC Madam Hangs Herself
Say on pay at the SEC?
Reuters reports on Henry Hu’s somewhat controversial tenure heading the SEC’s new Division of Risk, Strategy and Financial Innovation. The SEC brought in Hu, a widely recognized expert on financial regulation, in response to its embarrassing Madoff failure. The Reuters article discusses some reservations about how much Hu accomplished, but I want to focus on ... Say on pay at the SEC?
Delaware is winning the LLC race.
Dammann and Schundeln have a new paper up on SSRN entitled “Where are Limited Liability Companies Formed? An Empirical Analysis” (see here) that examines the state of formation choice of 64,000+ LLCs. Here’s the abstract: We empirically study the incorporation choices or, more accurately: formation choice, of limited liability companies. Most of the firms in ... Delaware is winning the LLC race.
Yet Another Voluntary Pricing Experiment
This time from Paste Magazine (HT: Peter Schwartz via Wired Blog Magazine), and motivated by the Radiohead Experiment, and with an interesting twist: Subscribers who choose to pay more than the normal $19.95 asking price will have their names printed in an upcoming issue of the magazine, but the entire year-long subscription can in fact ... Yet Another Voluntary Pricing Experiment
Fuld, Mozilo and Raj
The WSJ reports that the investigation of Lehman’s collapse “has hit daunting hurdles that could result in no civil or criminal charges ever being filed against the company’s former executives.” The problem is that, despite Lehman’s examiner’s conclusion that Lehman used tricks (the famous Repo 105) to “paint a misleading picture of its financial condition,” Linklaters ... Fuld, Mozilo and Raj
