Showing results for: “FTC policy statement unfair methods of competition”
Dirty Coal’s Rent-Seeking Pays Off
Today’s Heard on the Street column in the W$J reports that utilities are moving away from low-sulfur coal in favor of the dirtier, high-sulfur variety. This might seem odd, given that the Clean Air Act operates on sort of a “ratchet” principle — i.e., when air quality improves, degradation is generally forbidden. One might expect ... Dirty Coal’s Rent-Seeking Pays Off
Legal Structure for Co-Blogging
Many of the papers for the upcoming Bloggership conference are available on SSRN here. I’ve skimmed a number of them. One paper in particular I want to talk about is Eric Goldman’s paper “Co-Blogging Law.� Here’s the abstract: Bloggers frequently combine their efforts through joint blogging and guest blogging arrangements. These combinations may be informal ... Legal Structure for Co-Blogging
Bernstein on the Law Deans, Tenure, and the ABA
My colleague David Bernstein at VC points out this article in Inside Higher Ed by Doug Lederman discussing the American Law Deans Association’s criticisms of the ABA’s imposition of requirements that go well beyond “assuring the quality of legal education.” Here’s David’s take: I can certainly see the case for law schools choosing to give ... Bernstein on the Law Deans, Tenure, and the ABA
Option Backdating: The Next Big Corporate Scandal?
Option backdating was on page one of the W$J again yesterday (here). The story was spurred by comments made by UnitedHealth’s CEO, William W. McGuire, during UnitedHealth’s First Quarter 2006 Results Teleconference on Tuesday. UnitedHealth’s option grants to Dr. McGuire were among those cited as suspicious by a March 18 page one W$J (article here; ... Option Backdating: The Next Big Corporate Scandal?
Manne & Williamson get results from the FTC and DOJ!
My co-author, Marc Williamson, just alterted me to this section in the recently-published FTC/DOJ Merger Guidelines Commentary (.pdf): Industry Usage of the Word “Market� Is Not Controlling Relevant market definition is, in the antitrust context, a technical exercise involving analysis of customer substitution in response to price increases; the “markets� resulting from this definition process ... Manne & Williamson get results from the FTC and DOJ!
Shameless Self-Promotion
I’ve always been puzzled by the fairly widespread custom in the blawgosphere, on listservs, etc. of referencing “shameless self- promotion� when promoting one’s work (scroll down for recent examples on this blog). The reason this puzzles me is because it implies that some people are ashamed of self promotion or perhaps that self-promotion is unseemly. ... Shameless Self-Promotion
Do Slotting Contracts Harm Consumers?
Warning: shameless plug of my own research to follow! Slotting allowances, or payments for shelf space, have been a central part of my research agenda for the last several years. My work with Ben Klein, The Economics of Slotting Contracts, presents a procompetitive theoretical explanation (and some aggregate data in support of our theory) for ... Do Slotting Contracts Harm Consumers?
Exxon’s CEO didn’t really get a $398 million retirement package
There’s been a number of headlines lately (see, e.g., here and here) about the $398 million “retirement packageâ€? Exxon awarded to Lee Raymond, its former Chairman and CEO. A quick review of the underlying proxy statement, however, reveals that the headlines are materially misleading, if not dead wrong. The $398 million number comes from an ... Exxon’s CEO didn’t really get a $398 million retirement package
Leaving legal academia
This post has two related aspects to it, a personal and a general. First the personal: Beginning this summer I will be working for Microsoft — for the time being, anyway, on leave from Lewis & Clark Law School. My official title will be Academic Relations Manager in the legal and government affairs department (the ... Leaving legal academia
Lott v. Levitt Update
In the comments to my earlier post on the abortion/ crime debate, Bill Barth noted that John Lott had filed suit against Levitt and Harper Collins over statements about Lott’s research in Freakonomics. Here is a brief update. Tim Lambert has a comprehensive summary of the blogosphere reaction to the suit. Ted Frank at Overlawyered ... Lott v. Levitt Update
Six Flags to Reimburse Red Zone Solicitation Expenses
Six Flags’ preliminary proxy statement filed with the SEC earlier this week reveals that its board has agreed to reimburse Red Zone LLC, the entity controlled by Washington Redskins owner Daniel Snyder, for expenses incurred in its successful consent solicitation last fall. Red Zone launched the solicitation to address Six Flags’ continued poor performance and ... Six Flags to Reimburse Red Zone Solicitation Expenses
A Brief Primer on the Abortion and Crime Debate
As I noted in the comments to my earlier post on the AEI event, and by request, I thought I would briefly sketch out some of the theoretical and empirical issues surrounding the Donohue & Levitt (D&L) result (Quarterly Journal of Economics, 2001) that increased abortion access resulted in a lower crime rate. Because of ... A Brief Primer on the Abortion and Crime Debate
