Showing results for: “varney”
EU Likely to Require A Browser Ballot Screen for Windows 7 in Europe
PLEASE READ THIS NOTICE BEFORE PROCEEDING: TOTM readers are encouraged at this point to pick among the following antitrust blogs for content before reading this post: Antitrust Review Antitrust & Competition Policy Antitrust Hotch Potch Global Competition Policy OK. I thought that woud be funnier than it was. Moving on. It looks like the old/new ... EU Likely to Require A Browser Ballot Screen for Windows 7 in Europe
Too Big To Fail as an Antitrust Concept
There has been a lot of talk recently about the possibility that lax antitrust gave rise to the financial crisis or that antitrust could be used as a proactive weapon to prevent mergers and acquisitions that would create entities “too big to fail.” George Priest recently took AAG Varney to task for suggesting that there ... Too Big To Fail as an Antitrust Concept
Let's Have New Section 2 Hearings!
Commissioner Rosch has offered a defense of the withdraw of the Section 2 Report. This is an important step and the Commissioner, who readers know I’ve criticized from time to time here, should be credited for laying out his specific objections to the Report. The objections are, in short, that the Report: Was “too ambitious” ... Let's Have New Section 2 Hearings!
Will Section 2 Thwart the DOJ's New Antitrust Agenda?
George Priest has an excellent op-ed in the WSJ correctly calling out the Justice Department’s new Assistant Attorney General Christine Varney for attributing the financial crisis to a lack of antitrust enforcement: Assistant Attorney General for Antitrust Christine Varney claims that the Justice Department can aid economic recovery by prosecuting businesses that have been successful ... Will Section 2 Thwart the DOJ's New Antitrust Agenda?
Hylton, Manne and Wright in The Deal on Varney's Withdrawal of the Section 2 Report
Available here. An excerpt: But wholesale rejection of the document — the most complete statement to date on the law and economics of Section 2 — because of disagreement with some of its positions is irresponsible and premature. And the rejection of specific conclusions from among the range of possibilities discussed in the report without ... Hylton, Manne and Wright in The Deal on Varney's Withdrawal of the Section 2 Report
Hylton, Manne and Wright in Forbes on Intel, Section 2 and Monopolization in the US
Available here. Here’s an excerpt: It turns out that it is a very difficult business to identify the few cases when low prices and aggressive competition might perversely end up harming consumers in the long run rather than simply making them better off. And the cost of erroneous antitrust enforcement, such as mistakenly condemning Intel’s ... Hylton, Manne and Wright in Forbes on Intel, Section 2 and Monopolization in the US
The EU Intel Decision, Error Costs, and What Happens in the US?
Reacting to the EU fines imposed on Intel, Geoff raises a nice point about the difficulty of constructing the but-for world in antitrust cases generally, but particularly in cases where prices are falling. This discussion reminded me of Thom’s excellent post responding to the NYT editorial and an AAI working paper and putting theoretical anticompetitive ... The EU Intel Decision, Error Costs, and What Happens in the US?
Section 2 Report Quick Reactions
A few quick reactions to the repudiation of the Section 2 Report, and more importantly, what it means for the future of monopolization enforcement: First, the most disappointing thing about the withdraw of the Report and this announcement is that it is incredibly dismissive about the long hours of work put into this project by ... Section 2 Report Quick Reactions
Coda: Varney withdraws Section 2 Report
I guess it comes as little surprise that Christine Varney has withdrawn the Section 2 Report. The comments made in the statement withdrawing the Report indicate . . . well, that Varney isn’t convinced by reading this blog, among other things. Coming on the heels of our Section 2 Symposium, the news is jarring, although ... Coda: Varney withdraws Section 2 Report
Section 2 Symposium: Tad Lipsky on Framing the Debate
When the Justice Department issued its Unilateral Conduct Report last September, it became an instant sensation not primarily because of its content, but because of a strident public critique issued by three FTC Commissioners, including now-Chairman Leibowitz. The three (Harbour, Leibowitz and Rosch, hereinafter “HLR”) accused the Antitrust Division of placing “a thumb on the ... Section 2 Symposium: Tad Lipsky on Framing the Debate
ABA Spring Meetings
I’ll be in DC next week for the ABA Spring Meetings — including teaching an antitrust fundamentals course on basic economic principles on Wednesday morning (along with co-panelists Andrew Gavil (Howard), Erika Brown-Lee (FTC). One of the panels I’m most interested in watching is the Friday morning enforcers roundtable which looks like it will feature ... ABA Spring Meetings
Varney Confirmation Hearings
Webcast and testimony are available. Here is the paragraph from the testimony setting forth objectives for the new DOJ enforcement regime with some brief commentary below: There are three main areas that, if confirmed, I will focus on as the Assistant Attorney General for Antitrust. First, we must rebalance legal and economic theories in antitrust ... Varney Confirmation Hearings
