Showing results for: “coase”
Available Now: Pioneers of Law and Economics
I’m very pleased to announce that my first book editing project (along with my colleague Lloyd Cohen), Pioneers of Law and Economics, is available on-line from Edward Elgar Publishing. The book includes a series of specially commissioned essays designed to honor the founders of the law and economics enterprise. From the book: The editors of ... Available Now: Pioneers of Law and Economics
Commissioner Rosch, Rhetoric, and the Relationship Between Economics and Antitrust
Economic theory is essential to antitrust law. It is economic analysis that constrains antitrust law and harnesses it so that it is used to protect consumers rather than competitors. And the relationship between economics and antitrust is responsible for the successful evolution of antitrust from its economically incoherent origins to its present state. In my ... Commissioner Rosch, Rhetoric, and the Relationship Between Economics and Antitrust
What does Tyler know about law and economics, anyway?
Over at Crooked Timber, Tyler Cowen comments on Steve Teles’ book on conservative legal movements. I never get tired of plugging Steve’s book (as he knows), so I’ll do it again here: It’s a great book, a riveting read, and instructive, to boot. Buy a copy today! Tyler comments (among a series of comments in ... What does Tyler know about law and economics, anyway?
Law and New Institutional Economics for Law Professors
Victor Fleischer and Phil Weiser are putting on a Law and New Institutional Economics workshop for law professors in June. The conference announcement is here. I believe Thom attended last year’s installment, and I will be on the program this year. Here are more details: New Institutional Economics (NIE) is an interdisciplinary methodology that draws ... Law and New Institutional Economics for Law Professors
Kiesling on Sunstein, OIRA and Nudging
A post that everybody should read over at Knowledge Problem in which Lynne Kiesling moves from behavioral economics to the design of fixed price default contracts in electricity markets to a Hayekian critique of the Sunstein-Thaler libertarian paternalist program to the following closing paragraph: In devising OIRA policy I’d like to hear Sunstein invoke another ... Kiesling on Sunstein, OIRA and Nudging
Speaking of Resale Price Maintenance …
It looks like the FTC is interested in doing more than just investigating RPM (see Thom’s excellent post), as the agency just announced a series of public workshops on the question of how best to distinguish pro-competitive uses of RPM from those that raise competitive concerns. From the announcement: The FTC is requesting public comment ... Speaking of Resale Price Maintenance …
Harold Demsetz: From Economic Man to Economic System
Just when I thought I had read it all, and re-read most of it a few times, Harold Demsetz releases a new book, From Economic Man to Economic System (Cambridge University Press, table of contents available here). My colleague Lloyd Cohen has a very nice blurb that captures the spirit of Harold’s work: This lovely ... Harold Demsetz: From Economic Man to Economic System
University of Chicago Conference on China
Program is here (HT: Spontaneous Order). Attendees and presenters include Coase, Cheung, Tullock, Demsetz, North, Peltzman, and many others. The conference is from July 14th-18th.
RPM and the NIE
I’ve just spent a couple of great days in spectacular Boulder, Colorado at a conference on the New Institutional Economics (NIE). (Not sure why the “the” is required, but it always seems to be used.) The conference, organized by Colorado Law’s Phil Weiser and hosted by the Silicon Flatirons Center for Law, Technology, and Entrepreneurship, ... RPM and the NIE
The Future of Law and Economics Part 4: Potential Solutions
In a series of posts (Part I, Part II and Part III), I’ve sketched out how the trend toward increasing detachment in L&E scholarship might reduce the influence of the L&E movement at the retail level and become its ultimate undoing. I must say, writing this series has been a lot of fun but has ... The Future of Law and Economics Part 4: Potential Solutions
The Future of Law and Economics Part 2: Mathematics, Retailing L&E, and Detachment
In my previous post, I sketched out some trends in the Law & Economics movement in recent years. Specifically, I’ve focused on the trends towards increasing mathematical formality and specialization within economics as a stand alone discipline. The post triggered some thoughtful responses from Larry Solum and Larry Ribstein for which I am grateful. I ... The Future of Law and Economics Part 2: Mathematics, Retailing L&E, and Detachment
Happy 94th Birthday Armen Alchian!
I wrote this brief post awhile back, and forgot to post it on April 12th, Armen’s 94th birthday. I’m late. But better late then never they say. On Armen Alchian’s 94th birthday, it seems appropriate to reflect on some of his contributions to economics and economic analysis of the law. Armen has been described as ... Happy 94th Birthday Armen Alchian!
