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A High Profile Test Case for the Chinese Antimonopoly Law
Coca-Cola and China’s Huiyuan Juice Group Ltd $2.4 billion deal looks like it is set to be the first major merger test for the China’s new AML. This WSJ story gives some sense of market shares and potential market definition issues: Defining the market could be tricky. According to Merrill Lynch analysts, Coca-Cola will control ... A High Profile Test Case for the Chinese Antimonopoly Law
Data on Congressional Voting Records for Presidential Candidates
I don’t like blogging about politics except when there is some antitrust angle. This, for reasons that are obvious but still disappoint me, doesn’t happen too often (but see here and here). My general disinclination to blog about politics is that it isn’t my area of expertise and I don’t think I can really add ... Data on Congressional Voting Records for Presidential Candidates
Merging to Second Best
Luke Froeb, Mikhael Shor and Steven Tschantz have just posted an interesting looking model of mergers in auction settings where the incumbent firm has an advantage in subsequent auctions. The model captures the intuition that sometimes a mergers creating a “second-best” rival can result in more more aggressive bidding and result in lower prices even ... Merging to Second Best
George Mason Law Review Antitrust Symposium
The George Mason Law Review 12th Annual Symposium on Antitrust will be held on December 4th at the Ronald Reagan Building and International Trade Center. This is typically a very well organized and well attended event. This years theme is “Antitrust Policy in the New Administration,” and will feature addresses from Judge Douglas H. Ginsburg, ... George Mason Law Review Antitrust Symposium
Howard Stern and Unilateral Effects
That’s a catchy title for a merger conference (HT: Danny Sokol). The program faculty include: David L. Meyer, Deputy Assistant Attorney General, Antitrust Division, U.S. Department of Justice, Ketan P. Jhaveri, Senior Associate, Simpson Thacher & Bartlett LLP, Charles E. Biggio, Partner, Wilson, Sonsini,Goodrich & Rosati, J. Gregory Sidak, Criterion Economics, LLC . For those ... Howard Stern and Unilateral Effects
Cross-Price Elasticity of Demand, Diddy Edition
It’s not quite a bump in scooter sales or farmers switching from tractors to mules in response to rising gasoline prices: The hip-hop mogul said he is now flying on commercial airlines instead of in private jets, which Combs said had previously cost him $200,000 and up for a roundtrip between New York and Los ... Cross-Price Elasticity of Demand, Diddy Edition
Harold Demsetz: From Economic Man to Economic System
Just when I thought I had read it all, and re-read most of it a few times, Harold Demsetz releases a new book, From Economic Man to Economic System (Cambridge University Press, table of contents available here). My colleague Lloyd Cohen has a very nice blurb that captures the spirit of Harold’s work: This lovely ... Harold Demsetz: From Economic Man to Economic System
AALS Agency, Partnerships and LLCs Section Call for Papers
Larry Ribstein is organizing the upcoming AALS session of agency, partnerships and LLCs and has posted the following call for papers: The Section on Agency, Partnerships and Limited Liability Companies is calling for papers for the 2009 AALS Annual Meeting in San Diego. We are interested in presentations on the application of modern theories and ... AALS Agency, Partnerships and LLCs Section Call for Papers
Antitrust Links
Luke Froeb (and the WSJ) on learning about potentially anticompetitive mergers from false negatives The Onion does antitrust (its a bit old, but still quite funny) Rumors of Microsoft investigation in China pickup again … Antitrust Review links to the petition for rehearing en banc and motion to disqualify the Commission as the administrative law ... Antitrust Links
Welcome D.C. Circuit Law Clerks to our Whole Foods Coverage
Our friends at Antitrust Review point to the Petition for Rehearing En Banc in Whole Foods. As readers of the blog will know, Geoff and Thom have been exhaustively covering the Whole Foods litigation. Now, their latest efforts have been cited by the parties in the Petition (see n. 1) as leading examples of the ... Welcome D.C. Circuit Law Clerks to our Whole Foods Coverage
Gordon Tullock Retires From George Mason
News like this, is in no small part due to men scholars like Gordon Tullock whose presence at the law school was a significant one. Gordon announced his retirement today (HT: Boettke). In the coming days, there will likely be a number of statements of admiration of Gordon and his work from people who knew ... Gordon Tullock Retires From George Mason
Antitrust Fallacies of Fact and Theory
Steve Hurwitz as a characteristically thoughtful and provocative post over at Austrian Economists on identifying the most dangerous fallacies of fact and theory in economics that a reasonably informed layperson would believe. Steve’s nominations are that the average person believes that the “economic well-being of the average American is on the decline” (fallacy of fact) ... Antitrust Fallacies of Fact and Theory
