Showing results for: “digital markets act”
Exclusion and the BCS
Every year around this time—around week 10 of college football season—we are reminded of the inequity of the Bowl Championship Series (BCS) system. Instead of permitting an open playoff system to determine the college football champion, as is done by most other NCAA sports including Division II football since 1973, and more famously, NCAA basketball, ... Exclusion and the BCS
More on the HMGs: Scoring Unilateral Effects with the GUPPI
Steve Salop, Serge Moresi, and John Woodbury have posted a very useful primer on the new HMGs new “value of diverted sales” approach to unilateral effects: the gross upward pricing pressure index (GUPPI). Here’s the basic idea: This concept of “value of diverted sales measured in proportion to the lost revenues attributable to the reduction ... More on the HMGs: Scoring Unilateral Effects with the GUPPI
Off to the Mason LEC Economic Institute for Law Professors
Off to Estes Park for the return of the Mason Law and Economics Center Economic Institute for Law Professors (agenda here) and Law Institute for Economic Professors (agenda here). I will be team-teaching microeconomics in the Economics Institute with friend and co-author Mike Baye (Indiana) for the first few days — and then some vacation. ... Off to the Mason LEC Economic Institute for Law Professors
The AEI Event on the Abortion and Crime Debate
The current debate regarding the link between abortion legalization and crime rates has been well publicized. Last week, the AEI held an event at which nearly every scholar to comment on this issue since the initial Donohue & Levitt results were released, stated their case. Here is the AEI’s description: In 2001, John Donohue of ... The AEI Event on the Abortion and Crime Debate
Privacy Interview
I was recently interview about privacy on the BBC Online Magazine by Kate Dailey. Here is the interview: Magazine 26 January 2012 Last updated at 13:11 ET Could Google’s data hoarding be good for you? By Kate Dailey BBC News Magazine Google’s announcement that is now tracking users’ web movements has upset privacy advocates. But ... Privacy Interview
Remembering Larry Ribstein
I was terribly saddened and, quite frankly, dumbfounded when I heard that Larry Ribstein had passed away. I had seen Larry approximately three weeks before when he gave a workshop at Yale and the last thought that would have crossed my mind would have been that I would be receiving such horrible news. At the ... Remembering Larry Ribstein
Nobel Speculation Time
Every year around this time, I repeat my prediction that Armen Alchian, Harold Demsetz, and Ben Klein will win the Nobel Prize for contributions to the theory of the firm, property rights, and transaction cost economics. I understand that last year’s prize makes this combination less likely, but I see no reason to deviate. I ... Nobel Speculation Time
GMU Law Review Symposium on High-Tech Antitrust on January 26th
I am very pleased to pass along this information about the 15th Annual Symposium on Antitrust Law on January 26th, 2012 sponsored by the George Mason Law Review, GMU Law & Economics Center, and Kelley Drye & Warren LLP. The George Mason Law Review, in partnership with the George Mason University Law & Economics ... GMU Law Review Symposium on High-Tech Antitrust on January 26th
Macey on Anticapitalist Claptrap, Private Equity, and Politics
Jonathan Macey (Yale) defends private equity against nonsensical attacks from Newt Gingrich, Jon Huntsman and others (Rick Perry is spared by Macey, but not by Bainbridge) in today’s Wall Street Journal: Mitt Romney’s candidacy is subjecting the entire private-equity industry—where Mr. Romney spent most of his business career—to vicious attacks by journalists and several of ... Macey on Anticapitalist Claptrap, Private Equity, and Politics
Divining a Regulator’s Intent
Regulated firms and their Washington lawyers study agency reports and public statements carefully to figure out the rules of the road; the clearer the rules, the easier it is for regulated firms to understand how the rules affect their businesses and to plan accordingly. So long as the regulator and the regulated firm are on ... Divining a Regulator’s Intent
Following the sun, or not
From Nick Rowe (HT MR) (see also): [L]et T be the time everybody else chooses, and let S be the time the sun chooses. So my reaction function is t = R(T,S). Assume that dR/dT>0, dR/dS>0, and dR/dT+dR/dS=1. What this means is that if everybody else gets up one hour later, I will get up (say) ... Following the sun, or not
FTC Mobile Payments Workshop on April 26, 2012
The Federal Trade Commission conference announcement is below; note that public comments on the date of the conference. This is an important space and should attract some excellent speakers. The topics suggest a greater focus on consumer protection than competition issues. Here is the announcement: The Federal Trade Commission will host a workshop on April ... FTC Mobile Payments Workshop on April 26, 2012
