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Prices are Information, Even During a Crisis

[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is authored by Ben Sperry, (Associate Director, Legal Research, International Center for Law & Economics).] The visceral reaction to the ... Prices are Information, Even During a Crisis

There is No Cure for Government Incompetence

The pandemic is serious. COVID-19 will overwhelm our hospitals. It might break our entire healthcare system. To keep the number of deaths in the low hundreds of thousands, a study from Imperial College London finds, we will have to shutter much of our economy for months. Small wonder the markets have lost a third of ... There is No Cure for Government Incompetence

How Will the Application of Antitrust Law Change During the Coronavirus Crisis?

[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is authored by Steve Cernak, (Partner, Bona Law).] The antitrust laws have not been suspended during the current COVID-19 crisis. ... How Will the Application of Antitrust Law Change During the Coronavirus Crisis?

The Not Neutrality of Tech Reporting: Discussing the Economics of Lifting Data Caps During a Stay-at-home Crisis

[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is authored by Justin “Gus” Hurwitz, (Associate Professor of Law & Co-director, Space, Cyber, and Telecom Law Program, University of ... The Not Neutrality of Tech Reporting: Discussing the Economics of Lifting Data Caps During a Stay-at-home Crisis

What Does “Flattening the Curve” Mean?

Policy makers are using the term to describe the effects of social distancing and travel restrictions.  In this post, we use a cellular automata model of infection to show how they might do this. DISCLAIMER:  THIS IS AN UNREALISTIC MODEL, FOR TEACHING PURPOSES ONLY. The images below are from a cellular automata model of the spread of a disease ... What Does “Flattening the Curve” Mean?

Putting COVID Emergency Response on War Footing

[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is authored by Robert Litan, (Non-resident Senior Fellow, Economic Studies, The Brookings Institution; former Associate Director, Office of Management and ... Putting COVID Emergency Response on War Footing

Symposium

The Law, Economics, and Policy of the COVID-19 Pandemic

As the COVID-19 pandemic and society’s response to it unfold, we are confronted in real time with some of the limits — and some of the wonders — of modern society. The host of restrictions imposed by governments on movement and social gathering in order to contain the virus, for example, are having significant adverse ... The Law, Economics, and Policy of the COVID-19 Pandemic

Goodhart and Bad Policy

[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is authored by Eric Fruits, (Chief Economist, International Center for Law & Economics).] Wells Fargo faces billions of dollars of ... Goodhart and Bad Policy

What Has Big Tech Ever Done for Us? Part I

[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is authored by Dirk Auer, (Senior Fellow of Law & Economics, International Center for Law & Economics).] Republican Senator Josh ... What Has Big Tech Ever Done for Us? Part I

Ongoing Blog Series: The Law, Economics, and Policy of the COVID-19 Pandemic

The following is the first in a new blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available at https://laweconcenter.wpengine.com/symposia/the-law-economics-of-the-covid-19-pandemic/.

Thank you, Stigler Center, for the Compliment. Now Hereโ€™s Why Youโ€™re Wrong.

This guest post is by Neil Chilson, Senior Research Fellow for Technology and Innovation at Charles Koch Institute and former Chief Technologist at the Federal Trade Commission. Is it rude to respond to a compliment with a rebuttal? I’m afraid that’s what I’m about to do. The antitrust reformers at the University of Chicago’s Stigler ... Thank you, Stigler Center, for the Compliment. Now Hereโ€™s Why Youโ€™re Wrong.

Is it time for a new approach to generic drugs?

We don’t yet know how bad the coronavirus outbreak will be in America.  But we do know that the virus is likely to have a major impact on Americans’ access to medication.  Currently, 80% of the active ingredients found in the drugs Americans take are made in China, and the virus has disrupted China’s ability ... Is it time for a new approach to generic drugs?