Showing results for: “digital markets act”
Price Discrimination Is Good, Part I
Price discrimination involves a firm taking advantage of different elasticities of demand for the same goods by charging different prices relative to marginal cost. Price discrimination is ubiquitous in our economy but remains a four letter word in policy and regulation circles. We observe price discrimination in all sorts of product markets, from small and ... Price Discrimination Is Good, Part I
FTC Seeks Cert in Rambus
The press release is here. The petition is here. The questions presented, as framed by the Commission are: 1. Whether deceptive conduct that significantly contributes to a defendant’s acquisition of monopoly power violates Section 2 of the Sherman Act. 2. Whether deceptive conduct that distorts the competitive process in a market, with the effect of ... FTC Seeks Cert in Rambus
College Athlete Drives a Hard Bargain Over Letter of Intent
Seth Davis (Sports Illustrated) has an interesting column on the intersection of two issues I hold near and dear: contracts and college basketball. For those unfamiliar, college recruits in football, basketball and some other sports sign National Letters of Intent (NLI) committing themselves to spend at least one full year at the college. The NLI ... College Athlete Drives a Hard Bargain Over Letter of Intent
Principles for Bailout Management
I had the pleasure last week of participating in a bailout panel at William & Mary Law School. The William & Mary Federalist Society, which hosted the event, asked each panelist to address three topics: what led to the current situation, how the bailout plan will (or won’t) fix things, and suggestions for implementing a ... Principles for Bailout Management
The Butcher, the Baker and the Candlestick Maker (2.0)
My colleague Tom Hazlett strikes again in Barron’s on Google’s transformation from its initial reluctance to advertise and its desire to stick to the non-profit sector to an unrelenting market driven approach to its discovery that search-term clicks were … well … profitable. Here’s Hazlett: They discovered that Google’s clean page layout provided a clean ... The Butcher, the Baker and the Candlestick Maker (2.0)
Wanted: NSF Law and Social Science Program Director
Last Spring, I had the pleasure of serving on the NSF Law and Social Science Advisory Panel. It was an honor to be invited and a fantastic experience that gave me exposure to accomplished interdisciplinary scholars in fields and perspectives with which I rarely have the opportunity to interact. The NSF is now seeking a ... Wanted: NSF Law and Social Science Program Director
Inter-Agency Teleseminar Showdown
You may recall we’ve been blogging quite a bit about the FTC and DOJ scuffle over Section 2 (See here and here). On Thursday, December 11th, the ABA Antitrust Division is sponsoring a Teleseminar that will feature my former FTC colleague Ken Glazer (Deputy Director, Bureau of Competition, Federal Trade Commission), Bill Kolasky (WilmerHale, and ... Inter-Agency Teleseminar Showdown
Global Competition Policy Symposium on Section 5
The newest issue in Global Competition Policy includes a symposium (disclosure: for which I was the senior editor) on Section 5 enforcement under the FTC Act. Contributors included Commissioner Rosch’s attorney advisor Kyle Andeer, Doug Melamed (WilmerHale) and Joe Sims. My views on the expansion of Section 5 in the standard setting context, at least ... Global Competition Policy Symposium on Section 5
Taking Price Gouging Laws Seriously
Over at Organization and Markets, Peter Klein notes that consumers have been exploiting producers by taking advantage of market conditions, reducing their demand for gasoline, and earning windfall profits.
Who Does Best on the GRE?
Greg Mankiw links to a chart which provides the evidence (or click here for the larger version). The answer is physics (1899), math (1877), computer science (1862) and, of course, economics (1857) … followed by a handful of engineering majors and philosophy. Though, as Brian Leiter has happily reported in the past, and is still ... Who Does Best on the GRE?
Antitrust under President Obama: "I will direct my administration to reinvigorate antitrust enforcement"
Danny Sokol makes some predictions about Post-Obama antitrust, and about my disappointment in what he perceives to be the likely direction of antitrust policy in the Obama administration: 1. increased challenges of mergers and monopolization cases, especially at DOJ 2. more consumer protection work at the FTC with a push to more expansive consumer rights ... Antitrust under President Obama: "I will direct my administration to reinvigorate antitrust enforcement"
No Google-Yahoo Deal
From the Google Public Policy Blog: In June we announced an advertising agreement with Yahoo! that gave Yahoo! the option of using Google to provide ads on its websites (and its publisher partners’ sites) in the U.S. and Canada. At the same time, both companies agreed to delay implementation of the agreement to give regulators ... No Google-Yahoo Deal
