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New Study Links Wireless Adoption to Jobs: Itโs All About the Spectrum (and Siri)
Economists recognize that the source of sustainable, private-sector jobs is investment. Due to measurement problems with investment data, however, it is sometimes easier to link a byproduct of investment—namely, adoption of the technology made possible by the investment—to job creation. This is precisely what economists Rob Shapiro and Kevin Hassett have done in their new ... New Study Links Wireless Adoption to Jobs: Itโs All About the Spectrum (and Siri)
Some Antitrust Links
Commissioner Rosch makes the case for cert in FTC v. Lundbeck Will Bill Baer (Arnold & Porter) replace Sharis Pozen at DOJ? (Bloomberg) Private suits follow as the FTC consent decree in Pool Corp “has spawned a batch of lawsuits in California, Louisiana and Florida over allegations that the company’s tactics drove up prices, stifled ... Some Antitrust Links
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
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
“Protecting” Consumers from the Truth About the Cost of Government
A new rule kicks in today requiring airlines to include all taxes and mandatory fees in their advertised fares. The rule, part of a broader “passengers’ bill of rights”-type regulation promulgated by the Department of Transportation, is being sold as a proconsumer mandate: It purportedly protects consumers from the sticker shock that results when they ... “Protecting” Consumers from the Truth About the Cost of Government
Privacy in Europe
The EU is apparently thinking of adopting common and highly restrictive privacy standards which would make use of information by firms much more difficult and would require, for example, that data be retained only as long as necessary. This is touted as pro-consumer legislation. However, the effects would be profoundly anti-consumer. For one thing, ads ... Privacy in Europe
Call for Papers for the Haas-Sloan Conference on the Law & Economics of Organization
Haas-Sloan Conference on The Law & Economics of Organization: New Challenges and Directions Nov. 30-Dec. 1, 2012 The Walter A. Haas School of Business, with support from the Alfred P. Sloan Foundation, is issuing a call for original research papers to be presented at the Conference on The Law & Economics of Organization: New Challenges ... Call for Papers for the Haas-Sloan Conference on the Law & Economics of Organization
Stan Liebowitz on Piracy and Music Sales
Stan Liebowitz (UT-Dallas) offers a characteristically thoughtful and provocative op-ed in the WSJ today commenting on SOPA and the Protect IP Act. Here’s an excerpt: You may have noticed last Wednesday’s blackout of Wikipedia or Google’s strange blindfolded-logo screen. These were attempts to kill the Protect IP Act and the Stop Online Piracy Act, proposed ... Stan Liebowitz on Piracy and Music Sales
What if the Government Ordered the Human Rights Campaign to Cover Conversion Therapy for Gays?
A thought experiment: It’s late January 2016. Newt Gingrich is President. The House of Representatives is solidly Republican, and there’s a slight Republican majority in the Senate. Because Republicans lack a filibuster-proof majority in the Senate, the Affordable Care Act (a.k.a. Obamacare) remains on the books. (The reconciliation process, which allowed the law to be ... What if the Government Ordered the Human Rights Campaign to Cover Conversion Therapy for Gays?
SOPA, Incentives and Efficiency
The fight over SOPA is about the ownership of intellectual property. Rights to intellectual property have two effects. The benefits of intellectual property are the incentives for creation. The costs are that after some work is created any price above marginal cost (which is often zero for digital property) will discourage valuable use. Every piece ... SOPA, Incentives and Efficiency
A “Reasonable Profits Board”? If Only It Were From the Onion…
A Congressional Bill proposing a “Reasonable Profits Board” so that profits on the sale of oil and gas in excess of what is “reasonable” can be subjected to a windfall tax. A brief description: According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads ... A “Reasonable Profits Board”? If Only It Were From the Onion…
A Decision-Theoretic Approach to Insider Trading Regulation
Regular readers will know that several of us TOTM bloggers are fans of the “decision-theoretic” approach to antitrust law. Such an approach, which Josh and Geoff often call an “error cost” approach, recognizes that antitrust liability rules may misfire in two directions: they may wrongly acquit harmful practices, and they may wrongly convict beneficial (or ... A Decision-Theoretic Approach to Insider Trading Regulation
