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Hovenkamp’s Cases and Materials on Innovation and Competition Policy
Herb Hovenkamp has posted his new casebook on Innovation and Competition Policy to SSRN, where one can download the chapters individually. This is a very nice development for students; and the book seems perfectly fit for a course on Innovation and Competition Policy — for which it was designed — but also appropriate for a ... Hovenkamp’s Cases and Materials on Innovation and Competition Policy
Privacy Again
Today’s Wall Street Journal has a long article-debate on privacy. The strongest pro-privacy is Christopher Soghoian of the Open Society Institute. He confuses commercial privacy with government privacy: “The dirty secret of the Web is that the “free” content and services that consumers enjoy come with a hidden price: their own private data. Many of ... Privacy Again
TOTM goes to court
Last year I wrote here about Roni LLC v Arfa, which I cited as an example of the ”troubling lawlessness of NY LLC law.” In brief, the court sustained a non-disclosure claim based on “plaintiffs’ allegations that the promoter defendants planned the business venture, organized the LLCs, and solicited plaintiffs to invest in them” despite ... TOTM goes to court
Filmmakers imagine finance
Margin Call is the best film to come out of the recent financial crisis. This is no polemic masquerading as a “documentary” (Inside Job) or good vs. evil melodrama (Money Never Sleeps). It is serious film, with superb acting, script, direction and photography, which uses the financial crisis as the realistic backdrop for a timeless ... Filmmakers imagine finance
The NYT on Romney @ Bain
A long front page article in today’s NYT tries to make political hay out of Romney’s time at private equity firm Bain Capital. The article supports the White House’s efforts to, as the article says, “frame Mr. Romney’s record at Bain as evidence that he would pursue slash and burn economics and that his business ... The NYT on Romney @ Bain
Where have all the IPOs gone?
Ritter, Gao and Zhu ask, Where have all the IPOs Gone? Well, not to young men everywhere, but to the older men and women who run the big companies that have replaced public markets as the key venture capital exit. Here’s the abstract: During 1980-2000, an average of 311 companies per year went public in ... Where have all the IPOs gone?
Wal-Mart lawyers
Yesterday’s WSJ discussed Wal-Mart’s (possible) plan to dominate the industry of primary health-care clinics: Wal-Mart said in its proposal document that it is interested in offering services, including clinical care such as asthma, sleep apnea and osteoporosis monitoring, diagnostic services such as allergy and blood testing, and preventive services such as vaccinations and physical exams, ... Wal-Mart lawyers
Going to 11
Veterans certainly deserve their day but I hope they won’t mind my sharing it with Nigel Tufnel. Surely you recall his memorable question: Well, it’s one louder, isn’t it? It’s not 10. You see, most blokes, you know, will be playing at 10. You’re on 10 here, all the way up, all the way up, ... Going to 11
Quello Center’s Governance of Social Media Workshop at Georgetown Tomorrow
Here’s the link to the conference, and the program, which covers all angles of social media and the law. Predictably, my interest here is competition policy — I’ll be on the 10:45 panel discussing those issues along with: Michael Altschul (CTIA), Nicolas Economides (NYU), Adam Thierer (GMU), and Moderator Steve Wildman (MSU). The link to ... Quello Center’s Governance of Social Media Workshop at Georgetown Tomorrow
Extending & Rebutting Edelman & Lockwood on Search Bias
In my last post, I discussed Edelman & Lockwood’s (E&L’s) attempt to catch search engines in the act of biasing their results—as well as their failure to actually do so. In this post, I present my own results from replicating their study. Unlike E&L, I find that Bing is consistently more biased than Google, for ... Extending & Rebutting Edelman & Lockwood on Search Bias
Washington Privatizes Liquor Sales
Washington voters took a big step in yesterday’s election and approved an initiative, known as I-1183, to privatize state liquor sales. Privatization of alcohol sales has been an issue I’ve tracked here at TOTM (see e.g., here). Many states strictly regulate liquor sales through state ownership of liquor stores and required distribution through wholesalers. These ... Washington Privatizes Liquor Sales
Law school applications and opportunity costs
Many believe that law school applicants have been misled about or just don’t understand the market for legal services. I think it’s worth exploring the alternative hypothesis that law school is college grads’ best opportunity despite the market. Today’s WSJ discusses one possible basis for this conclusion — college students’ poor choice of what ... Law school applications and opportunity costs
