The Archives

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

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Price Discrimination in Education

Tom Smith offers an entertaining and insightful perspective on the economics of higher education: Without passing moral judgment in any way, I will just observe it is astonishing that higher education in this country has managed to get established a system where consumers have to disclose in detail how much money they have before they ... Price Discrimination in Education

Financial reform and foreign stocks

The WSJ reported on Tuesday that moves by Daimler and other European, especially German, companies to shed their U.S. listings indicate that many of these firms “have come to view [a U.S. listing] as a liability.” The exodus will leave just four major German companies with U.S. listings. The WSJ notes that the costs have ... Financial reform and foreign stocks

Welcome Larry Ribstein

I would like to welcome our new colleague, with two brief anecdotes if readers will permit. Four years ago I was a student in a corporate research seminar.  That seminar was taught by my mentor, someone with whom Larry has had vibrant scholarly debate.  The class was listening to a guest lecturer, a law professor ... Welcome Larry Ribstein

Taxing private equity

The venerable debate over carried interest compensation of private equity managers is heating up again. The NYT’s Andrew Sorkin is predicting Congress will vote to tax it as ordinary income rather than capital gains, which Sorkin thinks is a good thing: Under their current partnership structure, however, [private equity] general partners * * * receive ... Taxing private equity

From Ideoblog to TOTM

After six years on Ideoblog I have decided to move my act over to Truth on the Market.  I’m taking this momentous (for me, if not the rest of the world) step for three reasons. First, I’m joining a great bunch of writers, some of whom I’ve known for a long time.  TOTM offers what ... From Ideoblog to TOTM

Big News: TOTM Welcomes Larry Ribstein

We are very pleased to announce that Larry Ribstein is joining Truth on the Market.  TOTM readers that have been with us from the beginning might recall that we got our start back in 2005 covering at Ideoblog while Larry went on vacation.  For most of our readers, I suspect Professor Ribstein will require no ... Big News: TOTM Welcomes Larry Ribstein

Stan Liebowitz Applies the Laugh Test to the O/S File-Sharing Paper

Stan Liebowitz (UT-Dallas) has posted his latest on the file sharing debate, “The Oberholzer-Gee/Strumpf File-Sharing Instrument Fails the Laugh Test.” (HT: Craig Newmark).   Having covered the file-sharing debate on this blog, including Professor Strumpf’s remarkably unprofessional and uncharitable treatment of Professor Liebowitz, I greatly admire Stan’s ability to stay above the fray and stick to ... Stan Liebowitz Applies the Laugh Test to the O/S File-Sharing Paper

Are State Consumer Protection Acts Really Little FTC Acts?

I’ve posted to SSRN my latest on state consumer protection litigation, Are State Consumer Protection Acts Really Little FTC Acts?, co-authored with Henry Butler (Searle Center, Northwestern University School of Law).  It is forthcoming in the Florida Law Review.  The project aims to empirically examine the similarities and differences between state and federal consumer protection ... Are State Consumer Protection Acts Really Little FTC Acts?

Some Links

There is quite a bit of IO on Youtube (HT: comments section from MR) Congrats to GMU’s Murat Mungan for taking home the Whitney Prize The lineup for the Alabama Ag/ Antitrust workshop has been announced The CD-MAP antitrust settlement funds are paying for concerts Investigation against Apple looms after complaint from Adobe —  the ... Some Links

Facile claims of behavioral economics: too much choice; not enough privacy

Chris Hoofnagle writing at the TAP blog about Facebook’s comprehensive privacy options (“To opt out of full disclosure of most information, it is necessary to click through more than 50 privacy buttons, which then require choosing among a total of more than 170 options.”) claims that: This approach is brilliant. The company can appease regulators ... Facile claims of behavioral economics: too much choice; not enough privacy

An open letter on insider trading to Gene Fama and Ken French

[Post bumped to the top, and cross-posted at Organizations & Markets, in light of our technical difficulties last week and in the hopes of eliciting a response — Eds] Dear Gene and Ken: I must say that I was totally flabbergasted when I read your recent blog posting on insider trading.  I know that your ... An open letter on insider trading to Gene Fama and Ken French

Toy Story 3

I just attended the world premiere of “Toy Story 3.” No, I’m not in Cannes, New York, London, or Tokyo. I’m here in Chicago, where Pixar graciously screened the movie at the great new Icon Theater to raise money for Comer Children’s Hospital. (Full disclosure: my wife is a pediatric oncologist at Comer.) I’d love ... Toy Story 3