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Commissioner Rosch on the (Smaller?) Role of Economists in Antitrust Litigation
From FTC Commissioner Rosch: Personally, I think simulation analyses and indeed any kind of economic analyses that require the use of mathematical formulae are of little persuasive value in the courtroom setting. When I see an economic formula my eyes start to glaze over, and if the formula uses Greek letters I tend to think ... Commissioner Rosch on the (Smaller?) Role of Economists in Antitrust Litigation
Some Links
Tom Barnett on “Current Issues in Merger Enforcement” — offering a defense against claims that the DOJ has been especially inactive in merger enforcement (see, e.g., this paper from Jon Baker and Carl Shapiro) and its decision not to challenge the Whirlpool/ Maytag transaction (see Geoff‘s earlier post) Avner Grief responds (“The claim that merchants’ ... Some Links
Harvard v. Chicago on Vertical Restraints
In a new article in the June 2008 issue of Antitrust Source, Howard Marvel discusses what the rule of reason could and should look like in the Post-Leegin world as well as the different proposals to a rule of reason approach articulated by the states and the FTC in the recent Nine West consent order ... Harvard v. Chicago on Vertical Restraints
Commisioner Troy Paredes
Only the formality of full Senate confirmation stands between Troy Paredes and the SEC following unanimous approval from the Senate Banking Committee. Congratulations, Troy. UPDATE: [Someone claiming to be] Chairman Cox points out in the comments that Troy was in fact confirmed by the full Senate last week. Indeed, it is true. Not much fanfare, but ... Commisioner Troy Paredes
Austin Bound
My tour of duty as the FTC Scholar in Residence came to an end this past week. It was a fantastic opportunity for a junior scholar that I am grateful to have had. Plus, I couldn’t have picked a more interesting year to be at the Commission. Anyway, I’ll have more to say about all ... Austin Bound
Behavioral Economics and Antitrust at AAI
Related to Thom’s post on behavioral economics and the problem of conflicting or offsetting biases, the American Antitrust Institute (AAI) held a conference on June 18th 2008 (audio available at the link above). The conference was, as I understand it, designed as a precursor to the AAI’s release of a “Transition Report” to the next ... Behavioral Economics and Antitrust at AAI
Lipton on Shareholder Primacy
It should be no surprise that the inventor of the poison pill is pro-director, but Marty Lipton’s remarks at a June 25 conference at the University of Minnesota Law School left no doubt that he truly believes in his heart of hearts that we’re better off with strong, unencumbered boards. According to the WSJ’s deals ... Lipton on Shareholder Primacy
Academic Buzzwords
Apparently, the Local Government Association has told British bureaucrats in local and town governments to stop using 100 “non-words.” (CNN) From the story: The list includes the popular but vague term “empowerment;” “coterminosity,” a situation in which two organizations oversee the same geographical area; and “synergies,” combinations in which the whole is greater than the ... Academic Buzzwords
New Global Competition Policy: Class Cert & Merger Review in the UK
The new issue is available here, and features the following articles in Class Certification and Antitrust Actions: Why Economics Now Matters for Antitrust Class Actions at the Class Certification Stage by Wendy Bloom (Kirkland & Ellis) The Potential Impact of Twombly on Antitrust Class Actions by Wendy Bloom (Kirkland & Ellis) and James Langenfeld (LECG) ... New Global Competition Policy: Class Cert & Merger Review in the UK
The Law Of Household Economics
Yesterday the W$J ran an article with the above-referenced title (see here). The gist of the article is that whenever a household is blessed with an unexpected windfall, it will be cursed by an equal, unexpected cost. When I read the column, I thought to myself that it’s funny because it’s true. Now I’m thinking ... The Law Of Household Economics
Behavioralism and the Problem of Conflicting Quirks
I’ve been spending quite a bit of time with the behavioralists lately. I recently read Dan Ariely’s interesting book, Predictably Irrational: The Hidden Forces that Shape Our Decisions. Then I heard Tom Ulen give a nice overview presentation at the recent Silicon Flatirons conference on the New Institutional Economics. I’m currently reading Cass Sunstein and ... Behavioralism and the Problem of Conflicting Quirks
Cert Granted in Linkline
The Supreme Court has granted cert in Pacific Bell Telephone Co., dba AT&T California v. linkLine Communications in order to address the question of whether a Section 2 “price squeeze” claim is viable under the Sherman Act if the defendant has no duty to deal. (HT: Scotusblog, which also has all of the relevant links). ... Cert Granted in Linkline
