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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
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
Should We Protect Ourselves From Dreaded Free Shipping?
In France, it has been ruled that Amazon can no longer offer free shipping on book purchases. Don’t you just love it when competition policy protects certain competitors instead of actual competition? The protected competitors here are “vulnerable small bookshops.” Last I checked, the essence of competition is that “vulnerable” or inefficient competitors are supposed ... Should We Protect Ourselves From Dreaded Free Shipping?
Competition for the Field: DVD Standard Edition
Craig Newmark highlights this offer at Amazon allowing consumers who purchase an HD-DVD player up to 10 free DVDs. Newmark cites the DVD offer as an example of upfront competition resolving standard-based coordination problems in the presence of network externalities. Of course, Blu-ray also has a free DVD offer for those purchasing a Blu-ray machine ... Competition for the Field: DVD Standard Edition
Cleaning up after Pasquale's hit job
Recently, Frank Pasquale at Concurring Opinions wrote a blog post did a drive-by hit on FTC Chairman Majoras supporting her recusal from considering the Google/DoubleClick merger now pending before the FTC.  You really have to read the post to get the full effect of the innuendo and intimation–it’s masterfully subtle. At the time I commented on ... Cleaning up after Pasquale's hit job
