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The Commission Wins an Exclusive Dealing Case
Today, the Commission announced a consent decree with Transitions Optical in an exclusionary conduct case. Here’s the FTC description: Transitions Optical, Inc., the nation’s leading manufacturer of photochromic treatments that darken corrective lenses used in eyeglasses, has agreed to stop using allegedly anticompetitive practices to maintain its monopoly and increase prices, under a settlement with ... The Commission Wins an Exclusive Dealing Case
The first thing we do, let's kill the quants!
Professor Bainbridge has a provocative post up taking on empirical legal scholarship generally. The While the Professor throws a little bit of a nod toward quantitative work, suggesting it might at least provide some “relevant gist for the analytical mill,” he concludes that “it’s always going to be suspect — and incomplete — in my ... The first thing we do, let's kill the quants!
Chicago Ministers Play Hardball on Wal-Mart (and for the Right Team!)
I’ve previously posted on the moral bankruptcy of the campaign against Wal-Mart in Chicago. Those fighting to prevent the company from opening outlets in Chicago’s inner-city neighborhood — including Alderman Ed Burke, the busybody who once tried to ban trans fats in the City of Broad Shoulders — continue to flex their illiberal muscles to ... Chicago Ministers Play Hardball on Wal-Mart (and for the Right Team!)
NYT on Hazlett's TV Broadband Auction Proposal
Richard Thaler’s NYT Economic View column features Tom Hazlett (my colleague, and former chief economist as the FCC) proposal for auctioning off TV spectrum. Thaler points out: These frequencies are very attractive on technological grounds. People in the industry refer to them as “beachfront property” because these low-frequency radio waves have desirable properties: they travel ... NYT on Hazlett's TV Broadband Auction Proposal
Disclosure of ethics waivers under SOX: Recent scholarship from Rodrigues and Stegemoller
Usha Rodrigues and Mike Stegemoller have penned an interesting article, “Placebo Ethics,” assessing the effect of one of SOX’s disclosure provisions: The required immediate disclosure of waivers from a company’s code of ethics, found in Section 406 of the law. The article is concrete, informative, empirical and well-written. The article’s abstract summarizes the heart of ... Disclosure of ethics waivers under SOX: Recent scholarship from Rodrigues and Stegemoller
Health Care Reform, Reconciliation, and the Role of the Senate: Some Wise Counsel from Key Democrats
Well, it looks like Congress is going to attempt to enact the Senate’s health care bill using the reconciliation process. President Obama certainly suggested as much in Thursday’s Health Care Summit, downplaying the significance of such a move and suggesting it may be necessary in order to “move forward.” First, he said to Senator McCain: ... Health Care Reform, Reconciliation, and the Role of the Senate: Some Wise Counsel from Key Democrats
Big Yet Not-So-Surprising Antitrust News Of the Day: EU Opens Google Investigation
The EU has launched its preliminary investigation of Google’s search engine and search advertising businesses. From the Financial Times: According to Google, one of the three complaints was from rival Microsoft. That protest, from an online service called Ciao that was recently bought by the software company, echoes a complaint that had already been lodged ... Big Yet Not-So-Surprising Antitrust News Of the Day: EU Opens Google Investigation
Morons of the world, unite!
My wife makes me subscribe to the New York Times, and occasionally it is worth it. Take this recent essay by Roger Cohen. It is difficult to get past the faux-intellectual babble — “As it is, everyone’s shrieking their lonesome anger, burrowing deeper into stress, gazing at their own images” — but if you can ... Morons of the world, unite!
Why Don't Federal Judges "Hire" Economists More Often?
Dick Langlois’ post on Carl Kaysen’s role in the United Machinery antitrust case reminded me of a question I’ve been meaning to blog about. Langlois writes: Obituaries praise Kaysen for his role as a policy intellectual of great scope, especially in the area of nuclear non-proliferation. But they either fail to mention, or mention with ... Why Don't Federal Judges "Hire" Economists More Often?
Rakoff, part deux
Judge Jed Rakoff just approved a settlement between the SEC and Bank of America in a dispute about the disclosures made to shareholders during Bank of America’s acquisition of Merrill Lynch. This is significant becasue Rakoff causes a minor kerfuffle last year when he rejected a similar deal (although for only $33 million in fines ... Rakoff, part deux
Here Come the Price Controls
As Todd mentioned, the Obama Administration has released its latest plan for regulating (and mandating) health insurance. The new plan includes a novel element: the creation of a seven-member Health Insurance Rate Authority that would issue an annual schedule of “reasonable” rate increases. Increases deemed unjustified could be blocked, and insurers that imposed unjustified rate ... Here Come the Price Controls
The Party of No
In the comments to my last post on Mr. Obama’s health proposals (which have gotten worse — price controls!?), “Chris” and I have been having a back-and-forth about what he characterizes as a uniquely Republican disease — obstructionism. He calls Republicans “the Party of No.” I’m not a political scientist, but this seems like a ... The Party of No
