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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

Judicial dissolution of LLCs and the operating agreement

The ever helpful Francis Pileggi brings us news of the Delaware Chancery Court’s recent decision in Lola Cars International Ltd. v. Krohn Racing, LLC, which refused after trial to dissolve an LLC under Delaware §18-802. As I discussed last December, the court previously denied a motion to dismiss the dissolution complaint. I then noted that ... Judicial dissolution of LLCs and the operating agreement

The Law and Economics of Privatizing Alcohol Sales

Economist and occasional TOTM guest blogger Steve Salop (Georgetown) recently sent me the following questions spurred by the local debate over Governor McConnell’s proposal to private the retailing of alcoholic beverages: I have my first antitrust class of the semester tomorrow.  Among the issues I teach the first week are (1) the fact that demand ... The Law and Economics of Privatizing Alcohol Sales

More on the HMGs: Scoring Unilateral Effects with the GUPPI

Steve Salop, Serge Moresi, and John Woodbury have posted a very useful primer on the new HMGs new “value of diverted sales” approach to unilateral effects: the gross upward pricing pressure index (GUPPI).  Here’s the basic idea: This concept of “value of diverted sales measured in proportion to the lost revenues attributable to the reduction ... More on the HMGs: Scoring Unilateral Effects with the GUPPI

Insurance markets in everything …

As the guys at MR would say…(ESPN).   Hair insurance edition:  Just call Troy Polamalu the man with the million dollar hair.  The long, flowing black hair that tumbles out of Polamalu’s helmet and down his back — it’s nearly three feet long — has been insured for $1 million by Head and Shoulders, the shampoo ... Insurance markets in everything …

Owning the law

Just as my Death of Big Law has been published, I’m working with Bruce Kobayashi on a new paper with the above working title, which I will be presenting at the Canadian Law & Economics conference in October. Here’s a taste of an early version I presented last May at Law & Society. Now the ... Owning the law