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How Well Do Incentive Programs in the Workplace Work?
WSJ has an interesting story about the growing number of employer efforts to import “game” like competitions in the workplace to provide incentives for employees to engage in various healthy activities. Some of these ideas sound in the behavioral economics literature, e.g. choice architecture or otherwise harnessing the power of non-standard preferences with a variety ... How Well Do Incentive Programs in the Workplace Work?
Antitrust Citations in Federal Court, 2003-2011
Below is a graph illustrating the number of citations to selected antitrust publications in federal courts from 2003 – 2011. The full study is available on the Antitrust Source website and updates previous data collected by Jonathan Baker on behalf of the Antitrust Law Journal Editorial Board. The data and study – including a list ... Antitrust Citations in Federal Court, 2003-2011
TOTM in the Law Blog Rankings
Paul Caron’s new blog rankings are out. TOTM comes in at #22 in page views and #20 in visitors. Thanks to all of our readers!
More Misguided Derision from Critics of the Verizon-SpectrumCo Wireless Deal
The pending wireless spectrum deal between Verizon Wireless and a group of cable companies (the SpectrumCo deal, for short) continues to attract opprobrium from self-proclaimed consumer advocates and policy scolds. In the latest salvo, Public Knowledge’s Harold Feld (and other critics of the deal) aren’t happy that Verizon seems to be working to appease the regulators by selling off ... More Misguided Derision from Critics of the Verizon-SpectrumCo Wireless Deal
Book Review of Cohen & Wright on Family Law & Economics
From Lucy Heckman: The Research Handbook on the Economics of Family Law consists of a series of essays about perspectives on the commercial relations of human activities outside of the commercial world, specifically marriage and child-bearing. The work addresses such topics as factors that influence marriage, trends in marital stability, divorce and divorce law and ... Book Review of Cohen & Wright on Family Law & Economics
Summary Judgment Granted in Mayer Laboratories v. Church & Dwight
Judge Edward Chen in the Northern District of California granted Church & Dwight’s motion for summary judgment as to Mayer Laboratories antitrust claims involving Church & Dwight’s shelf space agreements with retailers in the condom market. Church & Dwight is the manufacturer of Trojan brand condoms. Specifically, Mayer argued that Church & Dwight’s shelf space ... Summary Judgment Granted in Mayer Laboratories v. Church & Dwight
CEO Vacations and Stock Prices
An interesting looking empirical piece from David Yermack (NYU), Tailspotting: How Disclosure, Stock Prices and Volatility Change When CEOs Fly to Their Vacation Homes. I haven’t read it closely yet. Here’s the abstract: This paper shows close connections between CEOs’ vacation schedules and corporate news disclosures. Identify vacations by merging corporate jet flight histories with ... CEO Vacations and Stock Prices
Happy 98th Birthday to Armen Alchian!
The great economist Armen Alchian turned 98 yesterday. Armen is the father of the UCLA tradition in economics. I had the great honor of having Armen on my dissertation committee and cannot imagine being prouder of my association with him. Armen’s contributions to economics as diverse as they are penetrating. Armen was one of the ... Happy 98th Birthday to Armen Alchian!
The procompetitive story that could undermine the DOJ’s e-books antitrust case against Apple
Did Apple conspire with e-book publishers to raise e-book prices? That’s what DOJ argues in a lawsuit filed yesterday. But does that violate the antitrust laws? Not necessarily—and even if it does, perhaps it shouldn’t. Antitrust’s sole goal is maximizing consumer welfare. While that generally means antitrust regulators should focus on lower prices, the situation is more ... The procompetitive story that could undermine the DOJ’s e-books antitrust case against Apple
Joking about politics
On November 3rd, the president of the United States spoke at the Hotel Lowry in St. Paul, Minnesota, in what was billed repeatedly as a bi-partisan address. The president ridiculed reactionaries in Congress who he claimed represented the wealthy and the powerful, and whose “theory seems to be that if these groups are prosperous, they ... Joking about politics
Steve Salop Wins Global Competition Review Academic Excellence Award
Congratulations to my friend, colleague, and occasional TOTM contributor Steve Salop (Georgetown Law) on winning Global Competition Review’s Academic Excellence Award this year. From the announcement: Around 1,500 Global Competition Review (GCR) readers cast their votes, honoring outstanding individuals in such areas as competition law and economics around the world. GCR is the world’s leading ... Steve Salop Wins Global Competition Review Academic Excellence Award
Gary Becker, the Economic Approach to Crime, and Guerilla Grafters
Fruit trees in a number of cities, including San Francisco, are prevented from bearing fruit in the name of “protecting” pedestrians from slip and falls and keeping away insects and vermin. In response to these regulations, a group of Guerilla Grafters has emerged to — you guessed it — graft fruit bearing branches onto the ... Gary Becker, the Economic Approach to Crime, and Guerilla Grafters
