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Antitrust Activity and Distinguishing Influence from Quality
From the Economic Times: The European Union’s antitrust agency is becoming more influential just as its US counterparts have grown more cautious and inactive, experts say. The European Commission’s recent success in forcing Microsoft to carry out antitrust sanctions underscores the differences, and academic researchers say the US is also hanging back in merger challenges. ... Antitrust Activity and Distinguishing Influence from Quality
So You Want To Be A Law Professor?
The Harvard Law Record report on Daryl Levinson’s presentation on the entry-level market is must read material. HT to Orin Kerr who pointed out the article and was amused by Levinson’s comment that practical legal experience is “is pretty nearly disqualifying.” I agree that comment might well shock some prospective law profs out there, but ... So You Want To Be A Law Professor?
Teson and Klick on Global Justice and Trade
Larry Solum points to Fernando Teson and Jonathan Klick’s (both of FSU College of Law) Global Justice and Trade: A Puzzling Omission. It is a thoughtful and provocative paper. Teson and Klick motivate the paper as an attempt to address the failure of philosophers and human rights scholars not to advocate free trade as a ... Teson and Klick on Global Justice and Trade
Donations for San Diego Fires
I’ve been watching the news coverage of the San Diego fires this evening hoping for any bit of good news. It hasn’t come yet (a map of the San Diego fires, evacuation centers, and some photos is available here). I was born and raised in San Diego and many family members still live there. At ... Donations for San Diego Fires
The Aftermath of a Type I Error: The Case of Conwood Co. v. United States Tobacco
It looks like California consumers, unlike their counterparts in several other states, will be getting cash instead of coupons in their settlement against U.S. Tobacco in one of the many follow-on actions to Conwood Co. v. United States Tobacco. The settlement looks to be in the range of $96 million with qualifying customers taking home ... The Aftermath of a Type I Error: The Case of Conwood Co. v. United States Tobacco
DOJ Website on Competition in the Real Estate Industry
The DOJ Antitrust Division has a new website which provides consumers very useful information concerning the importance of competition in the real estate market, anticompetitive state laws which limit this competition, and documenting various anticompetitive practices. Here’s commentary from Todd Zywicki and Luke Froeb.
TOTM Authors Make SSRN Top 10 Lists
I am pleased to announce that that Thom’s excellent and provocative paper on Weyerhaeuser and the Search for Antitrust’s Holy Grail has made the Top 10 list (at #10) for Antitrust & Regulated Industries and Antitrust Law and Policy (#7). Congrats Thom! On top of that, I am doubly pleased that my own Behavioral Law ... TOTM Authors Make SSRN Top 10 Lists
Nobel Prize to Hurwicz, Maskin and Myerson
“for having laid the foundations of mechanism design theory.” Here’s a blurb from the Nobel website on mechanism design: Mechanism design theory, initiated by Leonid Hurwicz and further developed by Eric Maskin and Roger Myerson, has greatly enhanced our understanding of the properties of optimal allocation mechanisms in such situations, accounting for individuals’ incentives and ... Nobel Prize to Hurwicz, Maskin and Myerson
Peking University IEPR Antitrust Conference
Today marked the completion of the J. Mirrlees Institute of Economic Policy Research (IEPR) Conference on China’s Competition Policy and Anti-Monopoly Law at Peking University in Beijing. I was thrilled to be invited to participate in the conference. A special thanks to Hongbin Cai of Peking University for the invitation, and for organizing an all ... Peking University IEPR Antitrust Conference
Event Studies, Fischel, Bradley, and John Armstrong
I have long held reservations about corporate governance research that hinges on event studies. (An event study is “an analysis of whether there was a statistically significant reaction in financial markets to past occurrences of a given type of event that is hypothesized to affect public firms’ market values.†An example of the sort of ... Event Studies, Fischel, Bradley, and John Armstrong
Goolsbee (and Obama?) on Free Trade
Here is Senator Obama’s economic advisor Austan Goolsbee on globalization and free trade (as described by George Will in his recent column): “Globalization” means free trade and various deregulations that supposedly put downward pressure on American wages because of imports from low-wage countries. Goolsbee, however, says globalization is responsible for “a small fraction” of today’s ... Goolsbee (and Obama?) on Free Trade
Glen Whitman on Waldfogel's Tyranny of the Market
Over at Agoraphilia, Glen Whitman has a series of entertaining posts applying economic logic to a number of interesting topics. If you read Glen on a regular basis, than you won’t be surprised that the topics include things like restroom hand dryers and toilet seat signaling. But the post that caught my attention this week ... Glen Whitman on Waldfogel's Tyranny of the Market
