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

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The Third Circuit’s Oberdorf v. Amazon opinion offers a good approach to reining in the worst abuses of Section 230

[Note: A group of 50 academics and 27 organizations, including both myself and ICLE, recently released a statement of principles for lawmakers to consider in discussions of Section 230.] In a remarkable ruling issued earlier this month, the Third Circuit Court of Appeals held in Oberdorf v. Amazon that, under Pennsylvania products liability law, Amazon ... The Third Circuit’s Oberdorf v. Amazon opinion offers a good approach to reining in the worst abuses of Section 230

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

Ten Reasons Why the California Consumer Privacy Act (CCPA) Is Going to Be a Dumpster Fire

Last year, real estate developer Alastair Mactaggart spent nearly $3.5 million to put a privacy law on the ballot in California’s November election. He then negotiated a deal with state lawmakers to withdraw the ballot initiative if they passed their own privacy bill. That law — the California Consumer Privacy Act (CCPA) — was enacted ... Ten Reasons Why the California Consumer Privacy Act (CCPA) Is Going to Be a Dumpster Fire

Reports of the press’s death are greatly … understated

More than a century of bad news Bill Gates recently tweeted the image below, commenting that he is “always amazed by the disconnect between what we see in the news and the reality of the world around us.” Of course, this chart and Gates’s observation are nothing new – there has long been an accuracy ... Reports of the press’s death are greatly … understated

New Paper Reveals “Stealth” Consolidation But Competitive Effects Remain Hidden

Thomas Wollmann has a new paper — “Stealth Consolidation: Evidence from an Amendment to the Hart-Scott-Rodino Act” — in American Economic Review: Insights this month. Greg Ip included this research in an article for the WSJ in which he claims that “competition has declined and corporate concentration risen through acquisitions often too small to draw ... New Paper Reveals “Stealth” Consolidation But Competitive Effects Remain Hidden

The FTC’s Errors in 1-800 Contacts

In an amicus brief filed last Friday, a diverse group of antitrust scholars joined the Washington Legal Foundation in urging the U.S. Court of Appeals for the Second Circuit to vacate the Federal Trade Commission’s misguided 1-800 Contacts decision. Reasoning that 1-800’s settlements of trademark disputes were “inherently suspect,” the FTC condemned the settlements under ... The FTC’s Errors in 1-800 Contacts

Can Experts Structure Markets? Don’t Count On It.

Complexity need not follow size. A star is huge but mostly homogenous. “It’s core is so hot,” explains Martin Rees, “that no chemicals can exist (complex molecules get torn apart); it is basically an amorphous gas of atomic nuclei and electrons.” Nor does complexity always arise from remoteness of space or time. Celestial gyrations can be ... Can Experts Structure Markets? Don’t Count On It.

GDPR After One Year: Costs and Unintended Consequences

GDPR is officially one year old. How have the first 12 months gone? As you can see from the mix of data and anecdotes below, it appears that compliance costs have been astronomical; individual “data rights” have led to unintended consequences; “privacy protection” seems to have undermined market competition; and there have been large unseen ... GDPR After One Year: Costs and Unintended Consequences

Balancing competition and innovation in the drug industry: An evaluation of current proposals.

Last week the Senate Judiciary Committee held a hearing, Intellectual Property and the Price of Prescription Drugs: Balancing Innovation and Competition, that explored whether changes to the pharmaceutical patent process could help lower drug prices.  The committee’s goal was to evaluate various legislative proposals that might facilitate the entry of cheaper generic drugs, while also ... Balancing competition and innovation in the drug industry: An evaluation of current proposals.