Showing results for: “digital markets act”
Section 2 Symposium: Keith Hylton–An Economist’s View
The “error cost” or “decision theory” approach to Section 2 legal standards emphasizes the probabilities and costs of errors in monopolization decisions. Two types of error, and two associated types of cost are examined. One type of error is that of a false acquittal, or false negative. The other type of error is that of ... Section 2 Symposium: Keith Hylton–An Economist’s View
Richard Thaler on “Slippery Slopes”
In today’s New York Times, Richard Thaler argues that the Constitutional “slippery slope” argument in the Obamacare case (“Today health care, tomorrow broccoli”) is misguided. This is a strange argument in this particular case. We must remember that all of today’s commerce clause jurisprudence (which everyone agrees has greatly expanded the power of the Federal ... Richard Thaler on “Slippery Slopes”
New Technology in Europe
Last week the New York Times ran an article, “Building the Next Facebook a Tough Task in Europe“, by Eric Pfanner, discussing the lack of major high tech innovation in Europe. Eric Pfanner discusses the importance of such investment, and then speculates on the reason for the lack of such innovation. The ultimate conclusion is ... New Technology in Europe
"Goldman reports $1.8 billion profit"
Cnn.com tells us the good news that “Goldman reports $1.8 billion profit,” but the totality of the information in the cnn.com article strikes me as mildly curious. While announcing that “Goldman reports $1.8 billion profit,” the article points out that Goldman needed $10 B in TARP funds only a few months ago. Yet now Goldman is ... "Goldman reports $1.8 billion profit"
Announcing The Journal of Antitrust Enforcement
An interesting new joint venture between Oxford University Press, Ariel Ezrachi, and Bill Kovacic (GW). Sounds like a fantastic idea and with top notch management and might be of interest to many of our readers. The Journal of Antitrust Enforcement Call for Papers – The Journal of Antitrust Enforcement (OUP) Oxford University Press is delighted ... Announcing The Journal of Antitrust Enforcement
Why Don’t Judges Appoint Experts in Antitrust Cases?
Judge Posner’s decision to appoint a expert in the patent dispute before him in the Seventh Circuit between Apple and Motorola has received some attention. ABA Journal Though Posner is an appeals judge with the Chicago-based 7th U.S. Circuit Court of Appeals, he likes to volunteer for trials, the Chicago Tribune reports. In a speech at the ... Why Don’t Judges Appoint Experts in Antitrust Cases?
Wise and Timely Counsel from John Taylor, F.A. Hayek, and Reagan’s Economic Advisers
In light of yesterday’s abysmal jobs report, yesterday’s Wall Street Journal op-ed by Stanford economist John B. Taylor (Rules for America’s Road to Recovery) is a must-read. Taylor begins by identifying what he believes is the key hindrance to economic recovery in the U.S.: In my view, unpredictable economic policy—massive fiscal “stimulus” and ballooning debt, the Federal ... Wise and Timely Counsel from John Taylor, F.A. Hayek, and Reagan’s Economic Advisers
CPI Interview and Update on Ginsburg & Wrights’ “Antitrust Sanctions”
Competition Policy International has published an interview with Judge Douglas Ginsburg and me following up on our 2010 article “Antitrust Sanctions.” The interview ranges from topics such as whether the Occupy movements impact our proposal for use of debarment as an antitrust sanction in the United States to fairness concerns and global trends in antitrust ... CPI Interview and Update on Ginsburg & Wrights’ “Antitrust Sanctions”
Economist Kevin Murphy to Charles River Associates
I am very pleased to report that Kevin Murphy – economist extraordinaire, recipient of the MacArthur Fellowship, Bates Clark Medal winner, and of course, fellow UCLA Bruin — has agreed to join Charles River Associates as a Senior Consultant beginning May 2013 when his contract with Navigant Economics expires. As a fellow Senior Consultant at ... Economist Kevin Murphy to Charles River Associates
TOTM Symposium Wrap Up
I’d like to formally thank Mike Carrier, Geoff Manne, Phil Weiser, Dan Crane, Brett Frischmann, Scott Kieff and Dennis Crouch for participating in the first TOTM symposium on Mike’s book: Innovation for the 21st Century: Harnessing the Power of Intellectual Property and Antitrust Law. Thanks also to Dennis for cross-posting at PatentlyO. Each of the ... TOTM Symposium Wrap Up
Romney’s Money
Mitt Romney made a lot of money at Bain Capital. The press seems to view this as a negative; even the Wall Street Journal is piling on, and the Obama Campaign is paying attention. This is misguided. The lesson to take away from Romney’s high earnings is that he is more dedicated than most politicians; ... Romney’s Money
Section 2 Symposium: David Evans–An Economist’s View
The treatment of unilateral conduct remains an intellectual and policy mess as we finish out the first decade of the 21st century. There were signs of hope a few years ago. The European Commission embarked on an effort to adopt an effects-based approach to unilateral conduct and to move away from the analytically-empty, object-based approach ... Section 2 Symposium: David Evans–An Economist’s View
