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The collection of all scholarly commentary on law, economics, and more

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Green Bag’s “The Post” Recognizes TOTM in “Best Legal Blogging”

The Green Bag recently introduced its Journal of Law, which has in turn introduced “The Post.”   The Post features what the Green Bag describes as the “best in legal blogging.”  This is a pretty neat idea, like most everything the Green Bag does.  How does The Post select the best in legal blogging?  Judges with ... Green Bag’s “The Post” Recognizes TOTM in “Best Legal Blogging”

My New Empirical Study on Defining and Measuring Search Bias

Tomorrow is the deadline for Eric Schmidt to send his replies to the Senate Judiciary Committee’s follow up questions from his appearance at a hearing on Google antitrust issues last month.  At the hearing, not surprisingly, search neutrality was a hot topic, with representatives from the likes of Yelp and Nextag, as well as Expedia’s ... My New Empirical Study on Defining and Measuring Search Bias

Long-Term Research Agendas in Economics (and Law and Economics?)

The NSF has posted responses to its call for “Long-Term Research Agendas.”  HT: Peter Klein. The entire set is available here.  Here’s the description: This is a compendium of fifty-four papers written by distinguished economists in response to an invitation by the National Science Foundation’s Directorate for the Social, Behavioral and Economic Sciences (NSF/SBE) to ... Long-Term Research Agendas in Economics (and Law and Economics?)

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