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Learning Economics Online
Inspired by Thom’s wonderful post on market “wonder moments,” which was itself inspired by the availability of free class notes and syllabi from the likes of Yale, Notre Dame and MIT on the web, I thought I would share a few of my favorite free, or at least not very expensive (and maybe not so ... Learning Economics Online
AALS Disney Panel Podcast
Podcasts from this year’s AALS conference are now available. Click here for the Business Associations panel on the Disney case. Recall that Justice Jacobs from the Delaware Supreme Court (author of the Delaware Supreme Court opinion in the case) participated in addition to many heavy-hitting corporate law academics (see below). Here’s the blurb from the ... AALS Disney Panel Podcast
"Yale on $0 a Day" Sparks a Wonder Moment
We’re so immersed in the benefits of a market economy that I fear we sometimes fail to notice what a marvel capitalism is. Today’s Wall Street Journal points to yet another of capitalism’s benefits. A growing number of very, very fancy colleges with very, very talented professors and very, very expensive tuition are offering their ... "Yale on $0 a Day" Sparks a Wonder Moment
Shareholder Voting on Executive Comp. – What’s the downside?
There was an article this morning on CCN announcing Aflac’s decision to let shareholders vote on executive compensation.  A board resolution was passed to give “shareholders the right to a non-binding vote on executive pay packages that will take effect in 2009.” I veiw this step by Aflac’s executives as very savvy. Why bother leaving oneself exposed to shareholder ... Shareholder Voting on Executive Comp. – What’s the downside?
Kerr on Exam Answers
Orin Kerr gives an hypothetical law school question and works his way through what makes law school exam answers good, bad, or terrific. As a general matter, I find myself in agreement with the distinctions between answers that Orin makes, including the following: To get a top grade, a student needs to identify the relevant ... Kerr on Exam Answers
New Paper on Majority Voting for the Election of Directors
A draft of my new paper entitled Majority Voting for the Election of Directors is now up on SSRN. I co-authored the piece with Young Kim, a finance professor at Northern Kentucky, so it has an empirical component. Here’s the abstract: We explore the theory, law, and practice of the shift from a plurality voting ... New Paper on Majority Voting for the Election of Directors
The New York Times–shocker!–hates the University of Phoenix
Peter Klein at the always excellent Organizations & Markets Blog has a characteristically excellent post on the New York Times’ characteristically anti-market article on the University of Phoenix (and for-profit higher education). Lest there be any doubt that the article was meant to cast UOP in an unflattering light, check out the picture of UOP’s president, William ... The New York Times–shocker!–hates the University of Phoenix
Wright on Pasquale on TOTM on DRM
Frank Pasquale has taken the time to respond to my earlier post on the use of antitrust to tax consumers on the grounds of fairness or other vague criteria. I take the basic point of Frank’s post to be that I have engaged in unfair burden shifting by demanding a showing of consumer harm prior ... Wright on Pasquale on TOTM on DRM
Coase, Penalty Defaults, and the Disgorgement Remedy for Breach of Fiduciary Duty
Law students, I have found, often have a hard time seeing how the Coase Theorem applies outside the context of land use conflicts. They also tend to think Coase’s insight is not so important because, they recite (parroting some of their professors), “Transactions costs are always present.” This saddens me, for the more I look ... Coase, Penalty Defaults, and the Disgorgement Remedy for Breach of Fiduciary Duty
The Market for DRM
Everyone is talking about Steve Jobs’ open letter on DRM,”Thoughts on Music,” including, best among all of them, my colleague, Josh.  Among many others, see excellent entries from Jim DeLong, Randy Picker and Mike Madison. Frank Pasquale weighs in with a predictable post about how wonderful the world would be if we just regulated his (perfect) vision of ... The Market for DRM
Using Antitrust to Tax Consumers is a Bad Idea Even If You Really, Really Want "True" Interoperability
There is some antitrust buzz in the air after Steve Job’s “Thoughts on Music,” which discussed the possibility of eliminating DRM entirely. The real antitrust story, I suspect, is whether the rather transparent attempt to shift the gaze of regulators fixated on the iPod/iTunes combo to the big four’s “refusal” to go DRM-free will have ... Using Antitrust to Tax Consumers is a Bad Idea Even If You Really, Really Want "True" Interoperability
Shelf Space Again: Congress Announces Antitrust Investigation of the Grocery Market
Representative Kucinich has announced that the House Oversight and Government Reform Domestic Policy Subcommittee will be launching an investigation into “a variety of marketplace issues including monopolies in the grocery industry.” HT: AntitrustProf Blog. Hearings are apparently tentatively scheduled for mid-month. What is the committee looking for? Just about anything. Here’s a description of the ... Shelf Space Again: Congress Announces Antitrust Investigation of the Grocery Market
