The Archives

The collection of all scholarly commentary on law, economics, and more

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Some Things I Read Today

1.  FTC Chairman Deborah Majoras on “The Federal Trade Commission in the Online World: Protecting Competition and Protecting Consumers.” (HT: Antitrust Review) 2.    Two interesting posts by Randy Picker here and here. 3.    Brian Leiter on the factors that help and hurt most for entry-level law school faculty candidates, with a promise to elaborate soon. ... Some Things I Read Today

FTC

Google seeks exemption from Investment Company Act

According to this WSJ article, Google has asked the SEC to declare that Google is not an “investment company” and therefore not subject to the Investment Company Act of 1940. This seems like an odd request, but it highlights the broad sweep of the definition of investment company. Section 3(a)(1)(C) of the ICA provides that ... Google seeks exemption from Investment Company Act

Corporate Law Comics

Our law librarian pointed me to Stu’s Views Law & Lawyer Cartoons website (www.stus.com) which contains cartoons for various corporate law cases (among other things). Here’s two examples: So what are the cases?

The SEC: This one is for you, Peter Oh.

My position in the areas of securities law and corporate law has consistently been that painful shareholder lawsuits are generally likely to be much more effective deterrents than toothless legislation (SOX?) or rulemaking by an agency ill-equipped or disinclined to ruthlessly enforce its rules.  I have taken this position in my writing with respect to investment banking research analysts, I have taken ... The SEC: This one is for you, Peter Oh.

The Law and Economics of Contracts

This new chapter in the forthcoming Handbook of Law and Economics (Polinsky & Shavell, eds.) from Avery Katz, Benjamin Hermalin, and Richard Craswell looks like essential reading for anyone interested in economic analysis of contracts and contract law.  Here’s the abstract/introduction: This paper, which will appear as a chapter in the forthcoming Handbook of Law ... The Law and Economics of Contracts

Hovenkamp on Slotting, Discounts, and Competition for Distribution

Like Thom, I also have spent the last few weeks reading Herbert Hovenkamp’s excellent new antitrust book, The Antitrust Enterprise: Principles and Execution. I am looking forward to Thom’s review in the Texas Law Review, and wholeheartedly agree with him that Hovenkamp’s book is an important and significant contribution to the antitrust literature (see also ... Hovenkamp on Slotting, Discounts, and Competition for Distribution

SSRN Top Tens for Corporate, Corporate Governance, and Securities Law

The current SSRN top tens for corporate, corporate governance, and securities law are after the jump.

Hovenkamp on the Indirect Purchaser Rule

I’ve had the pleasure of spending the last few weeks curled up with Herbert Hovenkamp’s wonderful new book, The Antitrust Enterprise: Principle and Execution, which I’m reviewing for the Texas Law Review. Hovenkamp is a sharp thinker and a wonderfully clear writer, and the book is a fantastic read for scholars and students alike. As ... Hovenkamp on the Indirect Purchaser Rule

Update on the Costs of Regulating Inequality

UPDATE: Larry has posted a very thoughtful response and overview of the debate (link below). Larry Solum was kind enough to link to my post on economics and arguments about social justice, and raises the following concerns about my argument : I’m not sure I really understand, but I wonder if there is a sense ... Update on the Costs of Regulating Inequality

Economists' Indifference, Straw Men, and the Costs of Regulating Inequality

I’ve been going back and forth with Frank Pasquale both at Madisonian and Jurisdynamics about economics, consumer welfare, the costs of inequality (and regulating it), and the ability of economics to provide useful insights where “social goods” are involved. At Jurisdynamics, Frank responds to my post on Apple’s business practices by asserting that my tunnel ... Economists' Indifference, Straw Men, and the Costs of Regulating Inequality

Lebanon’s Military Capacity

I’m confused about something. What are the capabilities of the Lebanese army? Is it capable of dealing with Hezbollah or not? Till now, the Lebanese position has been: we have not been able to comply with our obligation under UN Security Council Resolution 1559 to disarm Hezbollah because our army is too weak to do ... Lebanon’s Military Capacity

Kidney Donors to be Compensated in Israel

A Jerusalem District Court has ruled that kidney donors will receive compensation (about $13-14K in US dollars) from HMOs for transplant expenses. While the ruling does not address “the question of whether a kidney donor is entitled to an additional reward for the lack of the organ, and if so, how much and what should ... Kidney Donors to be Compensated in Israel