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Was the Whirlpool/Maytag Merger Anticompetitive After All?
One of the most controversial merger policy decisions during the Bush administration was the DOJ’s failure to bring a complaint against the Whirlpool/Maytag merger. Indeed, the decision was even criticized by Carl Shapiro, the economic expert retained by the DOJ on the case. Jonathan Baker and Carl Shapiro summarize this conclusion as follows: “The March ... Was the Whirlpool/Maytag Merger Anticompetitive After All?
Crisis in legal education or business cycle?
Bill Henderson vs. Orin Kerr (in comments, with reply by Henderson). HT Leiter. Henderson: U.S. Legal Education is in the midst of a large, structural transformation. This structural shift is driven by a confluence of factors, which includes three significant trends: The decline, or plateau, of the traditional time and materials legal services model The ... Crisis in legal education or business cycle?
World Series Meltdown, Moneyball, and Ron Washington
Watching my baseball team get eliminated from the World Series was hard to swallow. Watching it happen two years in a row was worse. And watching a manager make critical mistakes when a championship was on the line in Game 6 was beyond the pale. As endearing as Ron Washington is to watch during a ... World Series Meltdown, Moneyball, and Ron Washington
Welcome Baby 7B!
According to the United Nations, sometime around Halloween a newborn baby will push the world’s population above seven billion people. Welcome to our spectacular planet, Little One! I should warn you that not everyone will greet your arrival as enthusiastically as I. A great many smart folks on our planet—especially highly educated people in rich ... Welcome Baby 7B!
10th Annual International Industrial Organization Conference at GMU Law March 2012
The 10th Annual International Industrial Organization Conference will be held at GMU Law in Arlington, VA March 16-18, 2012. Along with Chris Adams (FTC), and the Program Committee, I am helping out with some of the local organization. For those interested in antitrust and regulatory issues specifically, or IO economics more generally, this is a ... 10th Annual International Industrial Organization Conference at GMU Law March 2012
The NYT on non-lawyer-financed law firms
The NYT has finally caught onto non-lawyer financing of law firms, and specifically the possibility of Wal-Mart lawyers, now being ushered in by England’s new Legal Services Act. As the article notes, “[s]uch a move could upend the industry’s stiff adherence to the partnership system in favor of full-fledged corporations that have access to the ... The NYT on non-lawyer-financed law firms
Ted Frank, class action crusader
Today’s WSJ has a great article about class action crusader Ted Frank, who is (1) out to kill class actions or (2) make them fairer by getting better settlements for plaintiffs (and worse for their lawyers), depending on whether you believe Ted or those whose oxen he has gored (class action lawyers). I believe Ted. For ... Ted Frank, class action crusader
Selling judgments
The ABA Journal discusses a law student’s entrepreneurial solution to the legal job market: start his own market. It’s called Judgment Marketplace, and it enables trading court judgments. The aim is to make a dent in the nearly 80 percent of judgments in the U.S. that aren’t collected. The firm ultimately may “serve as a ... Selling judgments
Deregulating lawyers: not more incompetent lawyers but fewer lawyers
Jordan Weissman is scared about Winston & Crandall’s plan to deregulate all the lawyers. He admits that the idea has some appeal, but concludes that “a lot of it is also completely bunk.” He says the proposal is basically irrelevant for big law, where clients are looking for top talent (although he’s on board with ... Deregulating lawyers: not more incompetent lawyers but fewer lawyers
Debunking the New York Times Editorial on Wireless Competition
Yesterday, the editorial page of the New York Times opined that wireless consumers needed “more protection” than that afforded by voluntary agreements by the carriers and existing regulation. The essay pointed to the “troublesome pricing practices that have flourished” in the industry, including Verizon’s alleged billing errors, as the basis for stepped up enforcement. As ... Debunking the New York Times Editorial on Wireless Competition
Bill Niskanen RIP
My friend and colleague William Niskanen has passed away. Bill was a founding Public Choice scholar, and his theory of the budget maximizing bureaucrat is still important and still correct. It has been cited over 5000 times. He hired me at President Reagan’s Council of Economic Advisers and went from there to the Cato Institute ... Bill Niskanen RIP
TOTM Breaks the Top 20
According to Paul Caron’s Law Blog Rankings, TOTM now sits at #18 by visits and #21 by page views. We also appear to be the fasting growing law blog — with increases in visits and page views of 373% and 250%, respectively, over the past year. Much thanks to all of our readers, commenters, and ... TOTM Breaks the Top 20
