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The Capitalist Paradox: How Cooperation Enables Free Market Competition

Paul H. Rubin is the Dobbs Professor of Economics Emeritus, Emory University, and President, Southern Economic Association, 2013 I want to thank Geoff for inviting me to blog about my new book. My book, The Capitalist Paradox: How Cooperation Enables Free Market Competition, Bombardier Books, 2019, has been published. The main question I address in this ... The Capitalist Paradox: How Cooperation Enables Free Market Competition

A Regulatory Failure of Imagination

Underpinning many policy disputes is a frequently rehearsed conflict of visions: Should we experiment with policies that are likely to lead to superior, but unknown, solutions, or should we should stick to well-worn policies, regardless of how poorly they fit current circumstances?  This conflict is clearly visible in the debate over whether DOJ should continue ... A Regulatory Failure of Imagination

Why Don’t People Talk About Breaking Up Microsoft?

[This post is the seventh in an ongoing symposium on “Should We Break Up Big Tech?” that features analysis and opinion from various perspectives.] [This post is authored by Alec Stapp, Research Fellow at the International Center for Law & Economics] Should we break up Microsoft?  In all the talk of breaking up “Big Tech,” ... Why Don’t People Talk About Breaking Up Microsoft?

Merger Lore: Dispelling the Myth of the Maverick

There’s always a reason to block a merger: If a firm is too big, it will be because it is “a merger for monopoly”; If the firms aren’t that big, it will be for “coordinated effects”; If a firm is small, then it will be because it will “eliminate a maverick”. It’s a version of ... Merger Lore: Dispelling the Myth of the Maverick

Separation without a Breakup

[This post is the fourth in an ongoing symposium on “Should We Break Up Big Tech?“that features analysis and opinion from various perspectives.] [This post is authored by Pallavi Guniganti, editor of Global Competition Review.] Start with the assumption that there is a problem The European Commission and Austria’s Federal Competition Authority are investigating Amazon ... Separation without a Breakup

Big Tech and Antitrust

[This post is the third in an ongoing symposium on “Should We Break Up Big Tech?” that will feature analysis and opinion from various perspectives.] [This post is authored by John E. Lopatka, Robert Noll Distinguished Professor of Law, School of Law, The Pennsylvania State University] Big Tech firms stand accused of many evils, and ... Big Tech and Antitrust

Breaking Up: “It’s Not You, It’s Me”, “Maybe We Should See Other People” and “with or without You”

[This post is the second in an ongoing symposium on “Should We Break Up Big Tech?” that will feature analysis and opinion from various perspectives.] [This post is authored by Philip Marsden, Bank of England & College of Europe, IG/Twitter:  @competition_flaneur] Since the release of our Furman Report, I have been blessed with an uptick in #antitrusttourism. ... Breaking Up: “It’s Not You, It’s Me”, “Maybe We Should See Other People” and “with or without You”

Symposium

Should We Break Up Big Tech? Symposium

Over the past two years, numerous scholars and pundits have called for aggressive regulation of “Big Tech” companies, including Alphabet/Google, Amazon, Apple, and Facebook. Some have called for them to be broken up. Meanwhile, governments in several jurisdictions, including the EU and Germany,  have brought antitrust cases against several “Big Tech” companies, although so far ... Should We Break Up Big Tech? Symposium

There’s nothing “conservative” about Trump’s views on free speech and the regulation of social media

Yesterday was President Trump’s big “Social Media Summit” where he got together with a number of right-wing firebrands to decry the power of Big Tech to censor conservatives online. According to the Wall Street Journal:  Mr. Trump attacked social-media companies he says are trying to silence individuals and groups with right-leaning views, without presenting specific ... There’s nothing “conservative” about Trump’s views on free speech and the regulation of social media

Section 230 principles for lawmakers and a note of caution as Trump convenes his “social media summit”

Neither side in the debate over Section 230 is blameless for the current state of affairs. Reform/repeal proponents have tended to offer ill-considered, irrelevant, or often simply incorrect justifications for amending or tossing Section 230. Meanwhile, many supporters of the law in its current form are reflexively resistant to any change and too quick to dismiss the more reasonable concerns that have been voiced. Most of all, the urge to politicize this issue — on all sides — stands squarely in the way of any sensible discussion and thus of any sensible reform.

Symposium

FTC v. Qualcomm: Analyzing the theory of the case

On May 21, 2019, Judge Lucy Koh of the US District Court for the Northern District of California issued her decision in the case. Both prior to her decision and after it, TOTM bloggers and guests have analyzed the FTC’s theory of the case and offered their thoughts regarding related matters including the sufficiency of ... FTC v. Qualcomm: Analyzing the theory of the case

Economic Calculation in the Public Defender’s Office

After spending a few years away from ICLE and directly engaging in the day to day grind of indigent criminal defense as a public defender, I now have a new appreciation for the ways economic tools can explain behavior that I had not before studied. For instance, I think the law and economics tradition, specifically ... Economic Calculation in the Public Defender’s Office