Showing results for: “digital markets act”
The AEI Event on the Abortion and Crime Debate
The current debate regarding the link between abortion legalization and crime rates has been well publicized. Last week, the AEI held an event at which nearly every scholar to comment on this issue since the initial Donohue & Levitt results were released, stated their case. Here is the AEI’s description: In 2001, John Donohue of ... The AEI Event on the Abortion and Crime Debate
New Article Forthcoming in Yale Law Journal: The Antitrust/ Consumer Protection Paradox: Two Policies At War With One Another
Yale Law Journal has published my article on “The Antitrust/ Consumer Protection Paradox: Two Policies At War With One Another.” The hat tip to Robert Bork’s classic “Antitrust Paradox” in the title will be apparent to many readers. The primary purpose of the article is to identify an emerging and serious conflict between antitrust and ... New Article Forthcoming in Yale Law Journal: The Antitrust/ Consumer Protection Paradox: Two Policies At War With One Another
Local Barriers to Entry: Arlington Beer Garden Edition
Last week I posted about the regulatory barriers facing an ice cream shop in San Francisco. A student passes along a story that hits a bit closer to home: the sale of beer right here in Arlington County. Apparently, the owner of the Westover Beer Garden has had enough: It’s been a contentious couple of ... Local Barriers to Entry: Arlington Beer Garden Edition
Giving away the first year of law school
Christine Hurt suggests: If Progressive Law School costs $30,000 a year today, then starting next year, the first year is free, and the second year is $45,000 and the third year is $45,000. Students are admitted the same way, only tuition is deferred until a student registers for the second year of law school. If ... Giving away the first year of law school
Taxing private equity
The venerable debate over carried interest compensation of private equity managers is heating up again. The NYT’s Andrew Sorkin is predicting Congress will vote to tax it as ordinary income rather than capital gains, which Sorkin thinks is a good thing: Under their current partnership structure, however, [private equity] general partners * * * receive ... Taxing private equity
Romney’s Money
Mitt Romney made a lot of money at Bain Capital. The press seems to view this as a negative; even the Wall Street Journal is piling on, and the Obama Campaign is paying attention. This is misguided. The lesson to take away from Romney’s high earnings is that he is more dedicated than most politicians; ... Romney’s Money
Getting The Cart Before The Horse Exposes the Horse's Rear
Will someone remind me just why the USDA and DOJ are hosting their little Antitrust in Ag roadshow this year? The Associated Press reports today that the USDA is set to release a new set of regulations on the livestock and poultry industries. Reporter Christopher Leonard describes the new regulations as “the most sweeping antitrust ... Getting The Cart Before The Horse Exposes the Horse's Rear
CEO Vacations and Stock Prices
An interesting looking empirical piece from David Yermack (NYU), Tailspotting: How Disclosure, Stock Prices and Volatility Change When CEOs Fly to Their Vacation Homes. I haven’t read it closely yet. Here’s the abstract: This paper shows close connections between CEOs’ vacation schedules and corporate news disclosures. Identify vacations by merging corporate jet flight histories with ... CEO Vacations and Stock Prices
Book Review of Cohen & Wright on Family Law & Economics
From Lucy Heckman: The Research Handbook on the Economics of Family Law consists of a series of essays about perspectives on the commercial relations of human activities outside of the commercial world, specifically marriage and child-bearing. The work addresses such topics as factors that influence marriage, trends in marital stability, divorce and divorce law and ... Book Review of Cohen & Wright on Family Law & Economics
Abandoning Antitrust’s Chicago Obsession: The Case for Evidence-Based Antitrust
I’ve posted to SSRN an article written for the Antitrust Law Journal symposium on the Neo-Chicago School of Antitrust. The article is entitled “Abandoning Chicago’s Antitrust Obsession: The Case for Evidence-Based Antitrust,” and focuses upon what I believe to be a central obstacle to the continued evolution of sensible antitrust rules in the courts and ... Abandoning Antitrust’s Chicago Obsession: The Case for Evidence-Based Antitrust
The Economics of Drip Pricing at the FTC
The FTC is having a conference in the economics of drip pricing: Drip pricing is a pricing technique in which firms advertise only part of a product’s price and reveal other charges later as the customer goes through the buying process. The additional charges can be mandatory charges, such as hotel resort fees, or fees ... The Economics of Drip Pricing at the FTC
Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
That’s the title of an interesting article by Emmanuel Farhi and Jean Tirole in the current issue of the American Economic Review. Here’s the abstract (emphasis added): The article shows that time-consistent, imperfectly targeted support to distressed institutions makes private leverage choices strategic complements. When everyone engages in maturity mismatch, authorities have little choice but ... Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
