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Larry Ribstein on Free to Lose?
Larry E. Ribstein is the Mildred Van Voorhis Jones Chair in Law and the associate dean for Research, University of Illinois College of Law I thought I’d aim my opening post at the question that motivated my interest in this symposium: is behavioral economics leading us to the end of free markets and the takeover ... Larry Ribstein on Free to Lose?
David Friedman on Behavioral Economics: Intriguing Research Project, with Reservations
I have long argued that the economic assumption of rationality is useful not because it is a complete and correct description of real world behavior but because it describes that part of behavior that is predictable. If half the time an individual takes the actions that best achieve his goals and half the time he ... David Friedman on Behavioral Economics: Intriguing Research Project, with Reservations
Free to Choose Symposium
The rise of behavioral economics, and in turn, behavioral law and economics, has been one of the most significant developments in either field in a remarkably short period of time. In 2010, Nudge is a household name, “libertarian paternalism” is (a hotly debated) a term of art, and behavioral economics has taken made its way from articles, ... Free to Choose Symposium
Casino Games and Antitrust — UPDATED
UPDATE: Link to opinion below. A federal district court judge recently decided an interesting antitrust/ IP case involving “wheel game” slot machines. IGT sued Bally’s in 2004 for allegedly infringing a number of patents on a “wheel game” slot machine. Bally’s initially prevailed, winning a pair of summary judgment rulings on the validity of IGT’s ... Casino Games and Antitrust — UPDATED
Correcting Herb Kohl (and Kayak and Bing Travel . . .) on Google/ITA
Today comes news that Senator Kohl has sent a letter to the DOJ urging “careful review” of the proposed Google/ITA merger. Underlying his concerns (or rather the “concerns raised by a number of industry participants and consumer advocates that I believe warrant careful review”) is this: Many of ITA’s customers believe that access to ITA’s ... Correcting Herb Kohl (and Kayak and Bing Travel . . .) on Google/ITA
Horizontal Mergers: What to Expect from Regulators and Judges Under New Federal Guidelines
Washington Legal Foundation is hosting a free webinar Friday, December 3rd at 10 am (EST) the New HMGs featuring John Thorne (Verizon) and Janet McDavid (Hogan Lovells). Details on how to register and view online are available here.
2010 ABA Journal Blawg 100
As Larry mentioned, TOTM has been nominated as one of the best legal blogs as selected by the ABA’s editors. Readers can vote here (after registering with the ABA site) — you can find TOTM in the “Law Prof Plus” category.
Trading all around the beltway
We’ve heard about insider trading by politicians and the need to stop it. But information wants to be free. Information in Washington flows through many gullies and streams. It shouldn’t be surprising that it comes through lobbyists as well. Or that hedge funds are there to scoop it up. Huang and Gao, Capitalizing on Capitol ... Trading all around the beltway
The EU tightens the noose around Google
Here we go again. The European Commission is after Google more formally than a few months ago (but not yet having issued a Statement of Objections). For background on the single-firm antitrust issues surrounding Google I modestly recommend my paper with Josh, Google and the Limits of Antitrust: The Case Against the Antitrust Case Against ... The EU tightens the noose around Google
Foreclosure-gate and the injustice of lawyer regulation
I’ve written how the collapse of the mortgage boom has put unprecedented stress on our legal system. Mortgages were securitized on a massive scale, but then had to be enforced at the micro level. While the finance industry was mutating rapidly, the law has remained a cottage industry, with individual lawyers representing individual clients in ... Foreclosure-gate and the injustice of lawyer regulation
Decision Trees
Nobel Laureate economist Gary Becker’s decision tree (HT: Freakonomics, from the new illustrated SuperFreakonomics):
More on EchoStar’s questionable litigation tactics
The day before yesterday I posted on the fascinating and important TiVo v. EchoStar case. Today I wanted to follow up with some, let’s say, color commentary on EchoStar’s litigation tactics. This isn’t dispositive, of course, but it does seem to add some insight into the notion that EchoStar is taking advantage of questionable litigation ... More on EchoStar’s questionable litigation tactics
