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Is free Radiohead a substitute for expensive Radiohead?
I’d have to say the answer is yes (duh). Radiohead’s In Rainbows made a stunning “official”debut, coming out at number 1 on the Billboard chart with 122,000 US sales in the first week. But Radiohead’s last album, Hail to the Thief, debuted at number 3, selling 300,000 copies in its first week. The band must ... Is free Radiohead a substitute for expensive Radiohead?
Supreme Court Denies Cert in Antitrust Case
The Supreme Court denied cert yesterday in Truck-Rail Handling Inc. v. Burlington Northern & Sante Fe Railway Co., U.S., No. 07-693 (HT: Danny Sokol), where the 9th Circuit had affirmed summary judgment for the railroad company on the grounds that the plaintiff had not adequately defined relevant product markets. BNSF leased its terminal facilities to ... Supreme Court Denies Cert in Antitrust Case
Obama, Paternalism, and Behavioral Economics?
David Leonhardt wrote the following in a column last week in the NY Times: The easiest way to describe Senator Clinton’s philosophy is to say that she believes in the promise of narrowly tailored government policies, like focused tax cuts. She has more faith that government can do what it sets out to do, which ... Obama, Paternalism, and Behavioral Economics?
Exam Horror Stories
Many TOTM readers are students or professors, so it’s likely that there are a number of examination horror stories out there among the readership. As we professors finish up earning our pay grading exams, I thought I’d share a couple of my own horror stories — one as a professor and another as a student ... Exam Horror Stories
Not that you asked . . . the best music of 2007
I’ve been inspired by Lynne’s music favorites post (mainly so I can share my disagreement with her–and one big agreement). It’s a bit off-topic for this blog, but some of you must be music fans. And in the spirit of taking advantage of a platform while you have it, I thought I’d share my picks ... Not that you asked . . . the best music of 2007
Was Einstein an idiot?
Well, obviously, not, of course, but he sure sounds like a thoughtless hack once in a while. In a cafeteria near my office on the Microsoft campus, there is a sign near the door. It’s a testament to something or other that I have no recollection at all what the sign is actually about. But ... Was Einstein an idiot?
Dell's Restricted Distribution Strategy
A story in today’s WSJ highlights Dell’s rather slow move into retail distribution of its PCs. The delay has been, at least in part, calculated to control the image of Dell’s products with its customer base. For example, Dell’s new arrangement with Best Buy is designed to restrict Best Buy’s product line on some margins ... Dell's Restricted Distribution Strategy
My Nomination for TOTM Post of the Year
If traffic and number of comments are any indication, this one from Geoff on the antitrust analysis of the Whole Foods/ Wild Oats merger certainly attracted the most attention. Its been a fun year of of blogging. Thanks to all of the TOTM bloggers, guests, commenters, and readers for making it so interesting! Happy New ... My Nomination for TOTM Post of the Year
The Best Antitrust Articles of 2007
Danny Sokol has collected picks from antitrust specialists around the globe. There were plenty of excellent articles and books to pick from but I ultimately selected this article from Keith Hylton and Fei Deng and this book on the Microsoft Case from Bill Page and John Lopatka. You can see the rest of the picks ... The Best Antitrust Articles of 2007
Corporate Governance Indices and Shareholder Value
Much discussion of corporate governance in the last few years has centered on reforms advocated by ISS and CII and indices of good corporate governance practice created and maintained by such groups. A new study by Roberta Romano, Sanjai Baghat, and Brian J. Bolton, however, concludes that there is “no consistent relation between governance indices ... Corporate Governance Indices and Shareholder Value
The (Present) Costs of Global Warming
According to a news story from Reuters, a recent Tufts University study (available here) says that “if nothing is done to combat global warming,” then by the year 2100, “two of Florida’s nuclear power plants, three of its prisons and 1,362 hotels, motels and inns will be under water” because of rising sea levels. This ... The (Present) Costs of Global Warming
Some Economic Insights on Prices and Choices
Courtesy of Lynne Kiesling who supplies such insights regularly over at Knowledge Problem. It’s about retail choice in electricity, but the general principles apply more broadly. The whole thing is worth reading carefully: There are, though, several ways that free choice and the removal of entry barriers into retail markets generates better outcomes than regulated ... Some Economic Insights on Prices and Choices
