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Let's Have New Section 2 Hearings!
Commissioner Rosch has offered a defense of the withdraw of the Section 2 Report. This is an important step and the Commissioner, who readers know I’ve criticized from time to time here, should be credited for laying out his specific objections to the Report. The objections are, in short, that the Report: Was “too ambitious” ... Let's Have New Section 2 Hearings!
Whitman on Libertarian Paternalism and the Public-Private Distinction
Here’s a great post from Glen Whitman on libertarian paternalism as applied to mortgages and the housing market. Glen takes Richard Thaler to task for his NY Times piece discussing behavioral economics in the mortgage market and advocating defaults for “plain vanilla” mortgages. Glen’s primary beef is that Thaler ignores the distinction between private and ... Whitman on Libertarian Paternalism and the Public-Private Distinction
Available Now: Pioneers of Law and Economics
I’m very pleased to announce that my first book editing project (along with my colleague Lloyd Cohen), Pioneers of Law and Economics, is available on-line from Edward Elgar Publishing. The book includes a series of specially commissioned essays designed to honor the founders of the law and economics enterprise. From the book: The editors of ... Available Now: Pioneers of Law and Economics
ICANN and Antitrust in Sydney
I’ve just returned from Sydney where I was at the ICANN meetings giving a presentation (with Steve Salop of Georgetown Law) and participating in a Q&A on the potential economic consequences of vertical integration between registries and registrars. I had a great time on the panel, but the highlight for me was spending talking to ... ICANN and Antitrust in Sydney
Commissioner Rosch, Rhetoric, and the Relationship Between Economics and Antitrust
Economic theory is essential to antitrust law. It is economic analysis that constrains antitrust law and harnesses it so that it is used to protect consumers rather than competitors. And the relationship between economics and antitrust is responsible for the successful evolution of antitrust from its economically incoherent origins to its present state. In my ... Commissioner Rosch, Rhetoric, and the Relationship Between Economics and Antitrust
Expanding Insurance Coverage Is Not the Way to Reduce Health Care Costs
As his Council of Economic Advisers made clear in its recent health care report, President Obama sees two primary goals for his health care reform efforts: to slow the growth of health care costs and to expand coverage of health insurance. It’s pretty clear, though, which of these goals is steering the ship. While the ... Expanding Insurance Coverage Is Not the Way to Reduce Health Care Costs
Will Section 2 Thwart the DOJ's New Antitrust Agenda?
George Priest has an excellent op-ed in the WSJ correctly calling out the Justice Department’s new Assistant Attorney General Christine Varney for attributing the financial crisis to a lack of antitrust enforcement: Assistant Attorney General for Antitrust Christine Varney claims that the Justice Department can aid economic recovery by prosecuting businesses that have been successful ... Will Section 2 Thwart the DOJ's New Antitrust Agenda?
Government Ownership of GM: Hands-Off Rhetoric Versus Jawboning Reality
In his recent speech on the GM bankruptcy, President Obama reassured Americans that the government, which now holds 60% of GM’s stock, is not going to try to take over management of the company: What we are not doing, what I have no interest in doing, is running GM. GM will be run by a ... Government Ownership of GM: Hands-Off Rhetoric Versus Jawboning Reality
Dear Mr. Toobin
Jeff Toobin has an interesting profile on John Roberts in the New Yorker (HT: Jonathan Adler who also takes issue with Toobin’s description of Leegin, but goes on to challenge Toobin’s general account of Roberts as a “stealth nominee”). Toobin’s column has very little to do with antitrust. with the exception of one sentence describing ... Dear Mr. Toobin
Economics in one lesson
Several people, including Josh, have drawn my attention to John Hasnas’ excellent op-ed on the Sotomayor nomination in the WSJ last week. Just in case you don’t read the same blogs I do, I thought I’d highlight it here. It is brilliant. Here’s a taste: One can have compassion for workers who lose their jobs ... Economics in one lesson
Revisionist corporate governance
If you haven’t been living under a rock recently, you’ve seen an incredible amount of hand wringing–and proposed regulation–around “excessive compensation.” I’m a little too lazy to amass all the relevant links here, but both the administration and the congress are introducing regulations/bills and talking about the issue extensively. Commentators, too, have gotten in on ... Revisionist corporate governance
Some Links
A few blog posts that caught me eye today: Justin Wolfers with an accessible explanation of the identification problem with broadband usage data WSJ: The rumored EU remedy for the “new” Microsoft browser case — requiring the firm to distribute its product with “a so-called ballot screen that would present a new computer user with ... Some Links
