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Can Profit-Maximizing Enterprises Systematically Leave Money on the Table? The Curious Case of the BCS
For years the public has been clamoring for a playoff system to crown a champion in college football. Yet the geniuses at the BCS stubbornly defended—at least until now—their computer-knows-best system for inviting the two most worthy teams. By injecting doubt over the legitimacy of its invitees, the current system diminishes the meaning of the ... Can Profit-Maximizing Enterprises Systematically Leave Money on the Table? The Curious Case of the BCS
Social Search, Efficiencies of Integration, and Antitrust
The web is all abuzz about possible antitrust implications concerning Google’s new personalized search (see, e.g., here and here), integrating search with Google Plus. Here is Google’s description of “Search, plus Your World”: We’re transforming Google into a search engine that understands not only content, but also people and relationships. We began this transformation with ... Social Search, Efficiencies of Integration, and Antitrust
The Economics of Being Able to Fire People Who Provide Me Services
Via Professor Bainbridge, I read today about the nonsense surrounding Mitt Romney enjoying firing people. I’m late to the this one, but here is the quote in context for anybody who missed it: “I want individuals to have their own insurance,” he said. “That means the insurance company will have an incentive to keep you ... The Economics of Being Able to Fire People Who Provide Me Services
Research Bleg: Competition Settlements With Conditions (Arguably) Contrary to Consumer Welfare
Judge Ginsburg and I are working on a project for an upcoming festschrift in honor of Bill Kovacic. The project involves the role of settlements in the pursuit of the goals of antitrust. In particular, we are looking for examples of antitrust settlements between competition agencies and private parties — in the U.S. or internationally ... Research Bleg: Competition Settlements With Conditions (Arguably) Contrary to Consumer Welfare
The Administration’s Rigorous Defense of the Affordable Care Act
In yesterday’s Washington Post, Health and Human Services Secretary Kathleen Sebelius makes an impassioned plea for skeptics to reconsider the Affordable Care Act. Secretary Sebelius argues that the Act will bring down health care costs by, among other things, assisting those who cannot afford health insurance coverage. Although expanding health insurance coverage is a worthy ... The Administration’s Rigorous Defense of the Affordable Care Act
AEA Issues New Disclosure Guidelines for Economists
Here they are: 1) Every submitted article should state the sources of financial support for the particular research it describes. If none, that fact should be stated. (2) Each author of a submitted article should identify each interested party from whom he or she has received significant financial support, summing to at least $10,000 in ... AEA Issues New Disclosure Guidelines for Economists
Tomorrow: AALS Antitrust and Economic Regulation and Law and Economics Joint Program
Tomorrow morning at 10:30 I’ll be on a panel at AALS discussing behavioral economics and antitrust law and policy. The panel includes: James Cooper, Bruce Kobayashi, William Kovacic, Steve Salop, Maurice Stucke, Avishalom Tor and myself. Its a really good group and I’m looking forward to the discussion. Here are the session details: The program ... Tomorrow: AALS Antitrust and Economic Regulation and Law and Economics Joint Program
Usha Rodrigues on Larry Ribstein
Usha Rodrigues has a characteristically delightful and poignant remembrance of Larry up over at Conglomerate: Finally, the section is done. And it’s stronger and richer than it was just 24 hours ago. I send my last email at 4:07. It reads: “You’re hilarious. And a treasure. Thanks again, U” On a Saturday afternoon. For a ... Usha Rodrigues on Larry Ribstein
Larry Ribstein, an unforgotten mentor in my lifetime
I’ve been deeply saddened since I heard of the heartbreaking news about Larry. I had the privilege to be advised by Larry along my intellectual journey when studying in the US. Larry has set an example of what it means to be a passionate researcher and an enthusiastic educator, which will always remind me of ... Larry Ribstein, an unforgotten mentor in my lifetime
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
Larry Ribstein, Philosopher
Everyone who knew Larry Ribstein realized that he was very smart, very tough, and very hard working. Less well appreciated was his absolutely uncompromising commitment to the pursuit of the truth. Surprisingly, perhaps, this is a very rare quality among legal academics. It is the mark of a philosopher, by which I emphatically do not ... Larry Ribstein, Philosopher
Larry Ribstein’s Top Posts of 2011
Happy New Year TOTM readers. I’ve had a very difficult time returning to blogging. Monday mornings I would normally wake up to a string of four or five of Larry’s posts already up and attracting comments. He had a way of making one feel incredibly inefficient and unproductive by comparison! Of course, there was never ... Larry Ribstein’s Top Posts of 2011
