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

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Amazon and Internet Commerce

Stewart Baker at the Volokh Conspiracy has a very interesting post on the new Amazon browser.  He thinks it might revolutionize doing business on the Web, with a tremendous increase in security.  This increase in security will entail a loss in privacy, so let’s hope the privacy guys don’t stop it.

Zywicki on the Unintended Consequences of the Durbin Bank Fees

Here’s Professor Zywicki in the WSJ on the debit card interchange price controls going into effect, and their unintended but entirely predictable consequences: Faced with a dramatic cut in revenues (estimated to be $6.6 billion by Javelin Strategy & Research, a global financial services consultancy), banks have already imposed new monthly maintenance fees—usually from $36 ... Zywicki on the Unintended Consequences of the Durbin Bank Fees

What if the NCAA adopted Dodd-Frank?

Larcker & Tayan speculate, for example (footnotes omitted): Researchers have long noted that the compensation of college football coaches has risen faster than the compensation of other university employees. According to one study, the compensation awarded to head coaches rose 500 percent between 1986 and 2007. By comparison, the compensation of university presidents rose 100 percent ... What if the NCAA adopted Dodd-Frank?

Lawyers and soybeans

Nice article in Slate on technology’s effect on law practice featuring computational law guru Dan Katz. Some wag contributed this quote: In Illinois, where I live, you see vast stretches of unoccupied land—because you no longer need people to farm the corn and soybeans that we grow around here. When I look at soybean fields ... Lawyers and soybeans

The Law and Economics Revolution in Securities Law, Part V

Law Review Editors…take note.  You may get an opportunity to catch this one in February if you play your cards right. I’ve been blogging updates of my research for a new article developing what the economic analysis provisions of the National Securities Markets Improvement Act of 1996 requires of new SEC rulemaking.  Blog colleague Prof. ... The Law and Economics Revolution in Securities Law, Part V

Welcome Digitopoly!

This looks like a great new blog on economics and technology from a top notch group of economists:  Erik Brynjolfsson, Joshua Gans and Shane Greenstein.  Welcome Digitopoly.  Now added to the blogroll.  Here’s their description of the blog: This blog was established by Professors Erik Brynjolfsson, Joshua Gans and Shane Greenstein. They noticed that there ... Welcome Digitopoly!

Taxicabs in Milwaukee

I’ve often discussed the wonderful world of professional licensing beyond lawyers and its perverse effects on entrepreneurship.  The posts have covered licensing of witches, horse teeth floaters, cat groomers, and tour guides.  Here’s a story about taxicabs. Milwaukee allows 321 taxicabs. Almost half the licenses are owned by one person.  The Institute for Justice has ... Taxicabs in Milwaukee

Attention Economists and Economics Graduate Students: Want to Go to Law School?

I have recently joined my colleague Bruce Johnsen as a co director of the Robert A. Levy Fellowship in Law and Liberty at GMU Law.  It is a very generous fellowship — a tuition waiver plus a generous stipend —  for economists who have their PhD’s or “ABD” status to come to law school on ... Attention Economists and Economics Graduate Students: Want to Go to Law School?

India, the UK, and US law firms

The Law Blog reports that India is considering letting in U.K. law firms after long barring all foreign law firms from having offices in India. The LB notes that the UK would have to reciprocate by allowing Indian firms and that “[i]t’s unclear whether U.S. firms would be invited to the party.” Well, I imagine ... India, the UK, and US law firms

The problem of the corporate tax

John Steele Gordon, writing in the WSJ, peels the corporate veil away from Warren Buffett’s tax situation: Warren Buffett recently claimed that he had paid only $6.9 million in taxes last year. But Berkshire Hathaway, of which Mr. Buffett owns 30%, paid $5.6 billion in corporate income taxes. Were Berkshire Hathaway a Subchapter S corporation ... The problem of the corporate tax

ABA Roundtable Discussion Tomorrow on the AT&T/T-Mobile Merger

As I have posted before, I was disappointed that the DOJ filed against AT&T in its bid to acquire T-Mobile.  The efficacious provision of mobile broadband service is a complicated business, but it has become even more so by government’s meddling.  Responses like this merger are both inevitable and essential.  And Sprint and Cellular South piling on doesn’t help ... ABA Roundtable Discussion Tomorrow on the AT&T/T-Mobile Merger

Small business, partnership law and software

Two partners form a business in 1995 for providing dial up internet service to rural Wisconsin.  Their relationship deteriorates and in 1999 one (Bushard) withdraws, writing a letter expressly dissolving the partnership.  (The letter presciently noted that “this is an optimal time for selling the business at maximum value.” Indeed, a firm had expressed a ... Small business, partnership law and software