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2012 GMU Law & Economics Center Workshop on Empirical Methods for Law Professors
May 21-25 the GMU LEC will be hosting its Workshop on Empirical Methods for Law Professors once again this year. Applications are available at the links below — and more information is available here. The Workshop on Empirical Methods for Law Professors is designed to teach law professors the conceptual and practical skills required to ... 2012 GMU Law & Economics Center Workshop on Empirical Methods for Law Professors
Got L&E Scholarship? Consider Submitting to the Supreme Court Economic Review
A colleague sent along the 2011 Washington & Lee law journal rankings. As co-editor of the Supreme Court Economic Review (along with Todd Zywicki and Ilya Somin) I was very pleased to notice how well the SCER is faring by these measures. While these rankings should always be taken with a grain of salt or ... Got L&E Scholarship? Consider Submitting to the Supreme Court Economic Review
Amit Singhal on the Past, Present, and Future of Search
Pretty interesting interview with Google’s Senior VP Amit Singhal on where search technology is headed. In the article, Singhal describes the shift from a content-based, keyword index to incorporating links and other signals to improve query results. The most interesting part of the interview is about what is next. Google now wants to transform words that ... Amit Singhal on the Past, Present, and Future of Search
Lessons in Regulatory Barriers to Entry: San Francisco Ice Cream Shop Edition
A great video recounting the trials and tribulations of an entrepreneur and her attempts to open an ice cream shop in San Francisco (HT: Scott James at the NY Times and Craig Newmark). From the NY Times story: Ms. Pries said it took two years to open the restaurant, due largely to the city’s morass ... Lessons in Regulatory Barriers to Entry: San Francisco Ice Cream Shop Edition
Free to Err? An Exchange on Behavioral Law and Economics at the Liberty Forum
Douglas Ginsburg and I have posted “Free to Err: Behavioral Law and Economics and its Implications for Liberty” on the new and very good Liberty Forum. Our contribution is based upon a more comprehensive analysis of the implications of behavioral law and economics for both economic welfare and liberty forthcoming in the Northwestern Law Review. ... Free to Err? An Exchange on Behavioral Law and Economics at the Liberty Forum
Concurrences Antitrust Writing Awards 2012
The Institute for Competition Law and GW Law have put together the Antitrust Writing Awards. You can vote on academic or business articles here. I’m very pleased to report that one of my articles — Does Antitrust Enforcement in High-Tech Markets Benefit Consumers? Stock Price Evidence from FTC v. Intel (Review of Industrial Organization) — ... Concurrences Antitrust Writing Awards 2012
The Magical World of Mandates
It seems President Obama has discovered a magical cure for his contraception controversy: simply force insurance companies to provide free coverage for contraceptive services, but only for women who work for organizations that qualify for exemption from the original mandate that requires contraceptive coverage be part of any respectable (i.e., Obama-approved) health plan. Never mind ... The Magical World of Mandates
Randomizing Regulation
An interesting post on the University of Pennsylvania Reg Blog from Michael Abramowicz, Ian Ayres, and Yair Listokin (AAY) on “Randomizing Regulation,” based upon their piece in the U Penn L. Rev. If legislators disagree about the efficacy of a proposed policy, why not resolve the disagreement with a bet? One approach would be to impose ... Randomizing Regulation
Religious Liberty for Dummies
According to Senators Barbara Boxer, Jeanne Shaheen, and Patty Murray, the Catholic Church is the real bully in the fight over whether religious employers must include coverage for contraception in the insurance policies they offer their employees. In yesterday’s Wall Street Journal, the three responded to, in their words, the “aggressive and misleading campaign” against this ... Religious Liberty for Dummies
Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
That’s the title of an interesting article by Emmanuel Farhi and Jean Tirole in the current issue of the American Economic Review. Here’s the abstract (emphasis added): The article shows that time-consistent, imperfectly targeted support to distressed institutions makes private leverage choices strategic complements. When everyone engages in maturity mismatch, authorities have little choice but ... Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
Reference Bloat in Management Journals Meets its Match
Peter Klein offers up some thoughts on “reference bloat” in academic journals: Nature News (via Bronwyn Hall): One in five academics in a variety of social science and business fields say they have been asked to pad their papers with superfluous references in order to get published. The figures, from a survey published today in ... Reference Bloat in Management Journals Meets its Match
Do Expert Agencies Outperform Generalist Judges? Some Preliminary Evidence from the Federal Trade Commission
I’ve posted a new project in progress (co-authored with Angela Diveley) to SSRN. In “Do Expert Agencies Outperform Generalist Judges?”, we attempt to examine the relative performance FTC Commissioners and generalist Article III federal court judges in antitrust cases and find some evidence undermining the oft-invoked assumption that Commission expertise leads to superior performance in ... Do Expert Agencies Outperform Generalist Judges? Some Preliminary Evidence from the Federal Trade Commission
