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GCP on Single Product Rebates and Bundled Discounts
Global Competition Policy has a new issue out focusing on the antitrust analysis of single product rebates and bundled discounts in the United States and Europe, including articles from: H.E. Frech (UCSB) Benjamin Klein (UCLA and LECG) Jonathan Rubin (Patton Boggs) M. Laurence Popofsky Renato Nazzini (University of Southampton) Johanne Peyre & Laurent Geelhand (Michelin ... GCP on Single Product Rebates and Bundled Discounts
Are Loyalty Discounts Really Anticompetitive?
I promised that I would write about why I think that Professor Elhauge’s claim in his new working paper, “Loyalty Discounts and Naked Exclusion,” that he has proven that loyalty discounts generally involve anticompetitive effects is mistaken. Let me begin by saying that this is a very provocative claim from a very serious antitrust analyst ... Are Loyalty Discounts Really Anticompetitive?
Three From Professor Elhauge on Antitrust
2008 has been a busy year for Harvard Professor Einer Elhauge so far from the looks of his SSRN page (not to mention advising Senator Obama on legal policies). He’s posted three new working papers covering a diverse set of antitrust topics: Loyalty Discounts and Naked Exclusion (purporting to “prove that loyalty discounts create anticompetitive ... Three From Professor Elhauge on Antitrust
EU/US Convergence in Competition Policy
FTC Chairman William Kovacic, easily one of the most insightful thinkers and writers on issues of global competition policy, has posted a new paper offering a thoughtful analysis of where the EU and US competition policy systems have been, where they are going, what institutional differences might cause the systems to converge or diverge further, ... EU/US Convergence in Competition Policy
Advice for Economics Graduate Students
From Peter Boettke at the Austrian Economists blog. Boettke gives detailed advice on how to prepare for your first year of a graduate program in economics, but the general message of the advice is more broadly applicable. I agree with virtually everything he says about the economics (start writing early and read lots of Alchian ... Advice for Economics Graduate Students
Conference: The Economics and Law of the Entrepreneur
The Searle Center on Law, Regulation and Economic Growth at Northwestern University School of Law is continuing its excellent run of conferences with an event on June 18th-19th organized by Daniel Spulber centering around some new (and very interesting looking) papers on economic and legal issues involving entrepreneur and discuss high quality research relevant to ... Conference: The Economics and Law of the Entrepreneur
Interesting Panel on FTC Merger Litigation — June 5
Antitrusters in D.C. ought to head to the National Press Club at noon on Thursday, June 5. At that time, the Federalist Society’s Corporations, Securities, and Antitrust Practice Group will host a panel discussion entitled Assessing Recent FTC Merger Litigation: One Win, One Loss, One Tie. Here’s a description of the event: The Federal Trade ... Interesting Panel on FTC Merger Litigation — June 5
A Few Antitrust Links
Antitrust Review reports on Obama on Antitrust (““We’re going to have an antitrust division in the Justice Department that actually believes in antitrust law. We haven’t had that for the last seven, eight years”) Danny Sokol wants you to sign the letters at the link to support direct appropriations for technical assistance Commissioner Rosch on ... A Few Antitrust Links
The Future of Law and Economics Part 6: Wrap Up & A Brief Reply to Manne on Empirical L&E
In Part V of the series on the future of law and economics (Parts I, II, III, and IV), Henry Manne graciously offered a reply to my thoughts on where L&E might be headed and why. I encourage the readers interested in the series to take time to re-read Henry’s response in its entirety. While ... The Future of Law and Economics Part 6: Wrap Up & A Brief Reply to Manne on Empirical L&E
And the Clear Channel litigation will not continue….
The news just broke that the Clear Channel acquisition litigation – both in Texas and New York – is on the road to being settled, with the parties having penned a new set of agreements tonight, providing for the acquisition of Clear Channel by Thomas H. Lee Partners and Bain Capital, with the Clear Channel shareholders ... And the Clear Channel litigation will not continue….
Clear Channel Litigation Is Going To Trial! Or not….
I have just been told by someone who attended the 10:45 a.m. hearing this morning in Justice Helen Freedman’s courtroom in New York state court that the Clear Channel litigation brought by private equity buyers against their lenders – the litigation that the media kept saying over the past two days was *about* to settle – ... Clear Channel Litigation Is Going To Trial! Or not….
The Future of Law and Economics Part 5: A Reply From Henry Manne
I’ve had a wonderful time writing this series on the future of law and economics. When I started the series (Part I, Part II, Part III, and Part IV), I thought it would be a fun thought experiment for me to think through aloud and hopefully start a valuable conversation. By that measure, it has ... The Future of Law and Economics Part 5: A Reply From Henry Manne
