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Raisins, Takings, and the Regulatory State
Today, in Horne v. Department of Agriculture, the U.S. Supreme Court held that the Fifth Amendment requires that the Government pay just compensation when it takes personal property, just as when it takes real property, and that the Government cannot make raisin growers relinquish their property without just compensation as a condition of selling their ... Raisins, Takings, and the Regulatory State
Stare Decisis, Economic Efficiency, and Spider-Man
Today, in Kimble v. Marvel Entertainment, a case involving the technology underlying the Spider-Man Web-Blaster, the Supreme Court invoked stare decisis to uphold an old precedent based on bad economics. In so doing, the Court spun a tangled web of formalism that trapped economic common sense within it, forgetting that, as Spider-Man was warned in ... Stare Decisis, Economic Efficiency, and Spider-Man
Passive Resistance and Contributory Liability
If you haven’t been following the ongoing developments emerging from the demise of Grooveshark, the story has only gotten more interesting. As the RIAA and major record labels have struggled to shut down infringing content on Grooveshark’s site (and now its copycats), groups like EFF would have us believe that the entire Internet was at ... Passive Resistance and Contributory Liability
The Good, Bad, and the Ugly of the EUโs Proposed Data Protection Regulation
Nearly all economists from across the political spectrum agree: free trade is good. Yet free trade agreements are not always the same thing as free trade. Whether we’re talking about the Trans-Pacific Partnership or the European Union’s Digital Single Market (DSM) initiative, the question is always whether the agreement in question is reducing barriers to ... The Good, Bad, and the Ugly of the EUโs Proposed Data Protection Regulation
Commissioner Wright on the inappropriate use of structural presumptions in merger analysis & a great ABA program on the same
The FTC recently required divestitures in two merger investigations (here and here), based largely on the majority’s conclusion that [when] a proposed merger significantly increases concentration in an already highly concentrated market, a presumption of competitive harm is justified under both the Guidelines and well-established case law.” (Emphasis added). Commissioner Wright dissented in both matters ... Commissioner Wright on the inappropriate use of structural presumptions in merger analysis & a great ABA program on the same
Don’t wanna brag or nothin, but critics have been right about net neutrality so far: TWC complaint and the Consumer Watchdog petition show it
Remember when net neutrality wasn’t going to involve rate regulation and it was crazy to say that it would? Or that it wouldn’t lead to regulation of edge providers? Or that it was only about the last mile and not interconnection? Well, if the early petitions and complaints are a preview of more to come, ... Don’t wanna brag or nothin, but critics have been right about net neutrality so far: TWC complaint and the Consumer Watchdog petition show it
The TCPA is a Costly Technological Anachronism
The Telephone Consumer Protection Act (“TCPA”) is back in the news following a letter sent to PayPal from the Enforcement Bureau of the FCC. At issue are amendments that PayPal intends to introduce into its end user agreement. Specifically, PayPal is planning on including an automated call and text message system with which it would reach ... The TCPA is a Costly Technological Anachronism
More than New International Trade Deals are Needed to Liberalize International Trade and Promote Economic Freedom
During the recent debate over whether to grant the Obama Administration “trade promotion authority” (TPA or fast track) to enter into major international trade agreements (such as the Trans-Pacific Partnership, or TPP), little attention has been directed to the problem of remaining anticompetitive governmental regulatory obstacles to liberalized trade and free markets. Those remaining obstacles, ... More than New International Trade Deals are Needed to Liberalize International Trade and Promote Economic Freedom
Curbing Internet Copyright Infringement
In my article published today in The Daily Signal, I delve into the difficulties of curbing Internet-related copyright infringement. The key points are summarized below. U.S. industries that rely on copyright protection (such as motion pictures, music, television, visual arts, and software) are threatened by the unauthorized Internet downloading of copyrighted writings, designs, artwork, music ... Curbing Internet Copyright Infringement
New Paper: The Problems and Perils of Bootstrapping Privacy and Data into an Antitrust Framework
The CPI Antitrust Chronicle published Geoffrey Manne’s and my recent paper, The Problems and Perils of Bootstrapping Privacy and Data into an Antitrust Framework as part of a symposium on Big Data in the May 2015 issue. All of the papers are worth reading and pondering, but of course ours is the best ;). In it, ... New Paper: The Problems and Perils of Bootstrapping Privacy and Data into an Antitrust Framework
Truth on the Market Welcomes Kristian Stout as New Blogger
Truth On the Market is pleased to announce that Kristian Stout of the International Center for Law and Economics (“ICLE”) has joined our team of writers. Kristian was recently hired by ICLE as Associate Director for Innovation Policy, bringing with him over ten years of experience as a technology professional and entrepreneur. In his role at ICLE, Kristian’s ... Truth on the Market Welcomes Kristian Stout as New Blogger
Copyright and the Internet: Getting the Balance Right
Yesterday my essay on this topic was published as part of a Heritage Foundation Special Report on Saving Internet Freedom. The essay reviews threats to copyrighted works posed by the Internet and describes public and private essays to deal with Internet-related copyright infringement. The essay concludes as follows: “A variety of approaches—many of which are ... Copyright and the Internet: Getting the Balance Right
