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The Microsoft-Google Antitrust Wars and Public Choice: There is Too An Argument Against Rival Involvement in Antitrust Enforcement
How should an economist interpret the fact that Microsoft appears to be “behind” recent enforcement actions against Google in the United States and, especially, in Europe? “With skepticism!” Is the answer I suspect many readers will offer upon first glance. There is a long public choice literature, and long history in antitrust itself, that suggests ... The Microsoft-Google Antitrust Wars and Public Choice: There is Too An Argument Against Rival Involvement in Antitrust Enforcement
The shrinking of Big Law
The ABA Journal reports that eight Seyfarth Shaw lawyers, “a substantial portion of the public sector practice group at Seyfarth until last month,” have formed a small boutique in the Chicago suburbs focusing on local governments. The result is a lower-overhead firm that can cut its rates by 10-15% vs. Seyfarth’s charges. The article explains ... The shrinking of Big Law
The Audacity of Nope
Please note that the following post is a bit off-topic for this blog and represents my own opinion only, not that of any of my co-bloggers. But, hey, it’s Saturday. For the past 599 days, we’ve had a talented young Democratic President and Democratic majorities in both the U.S. House of Representatives and the U.S. ... The Audacity of Nope
FTC v. Ovation Opinion
The opinion in Ovation (i.e. FTC v. Lundbeck) is now available. Commentary to follow. UPDATE: The first footnote in Judge Ericksen’s opinion notes that “the FTC and Minnesota began their closing argument by disclaiming the notion that these cases were ‘about unhappiness about the high price of Indocin.’ Nevertheless, the FTC and Minnesota cited in ... FTC v. Ovation Opinion
Some Links
SCOTUS judge and law clerk selection as principal-agent / incomplete contracting problem (Orin Kerr) How to read an academic article (Peter Klein), though what seems missing are decision-rules for when articles should be “rejected” for a full-read after skimming The Washington Post reports that antitrust at the Varney DOJ isn’t much different than antitrust under ... Some Links
The Costs of Product Placement, Maserati Edition
In my academic research, I’ve studied contractual arrangements between manufacturers and retailers for premium shelf space, including slotting arrangements and category management contracts. Typically, a shelf space arrangement in the retail sector will involve the supplier compensating the retailer for some specified promotional shelving arrangement, e.g. end-caps or eye level space, or a share of ... The Costs of Product Placement, Maserati Edition
Allen on Alchian and the UCLA School
At Econ Journal Watch. Professor Allen offers a wonderful personal history of the UCLA Economics Department, including the rise and fall of what he describes as “the Alchian Department.” The entire article is worth reading, but I include here an excerpt from Professor Allen’s Nobel (and University Award) nomination on behalf of Armen: Economics is ... Allen on Alchian and the UCLA School
Did Ellison buy HP information?
Some are saying that Larry Ellison is putting his money where his mouth is. He loudly defended Mark Hurd after his firing by HP, and now he’s hired the guy. Here’s the WSJ story. Maybe there’s more to this. HP and Oracle are competing over database products, and are making acquisitions in similar areas, such ... Did Ellison buy HP information?
Government by youth gangs
Aristides N. Hatzis (University of Athens) has a fairly new blog, and it has an interesting post by Russell S. Sobel on Sobel’s and Brian Osaba’s article Youth Gangs as Pseudo-Governments. Here’s the abstract: We hypothesize the failure of government to protect the rights of individuals from violence committed by youths has led to the ... Government by youth gangs
We’re number 9
On Wikio’s Top 20 legal blogs. Thanks to our readers and keep coming back.
Attention Economists and Grad Students: Thought About 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 for economists who have their PhD’s or “ABD” status to come to law school on our dime along with a stipend of roughly $27,000 ... Attention Economists and Grad Students: Thought About Law School?
The FTC Loses in Ovation Pharmaceuticals
There are some new developments in the Federal Trade Commission’s consummated merger case brought against Ovation. Namely, the FTC has lost. TOTM readers may recall that I spent some time criticizing the Federal Trade Commission’s complaint, back in 2008, in FTC v. Ovation in federal district court in Minnesota. As I described the stylized facts ... The FTC Loses in Ovation Pharmaceuticals