The Archives

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

Showing results for:  “Google shopping manne”

On disclosure: Hands-tying

Dale Oesterle has called Gretchen Morgenson a “national treasure.” Today Larry Ribstein exposes the treasure for fool’s gold. I’m with Larry on this one. Morgenson’s article on executive compensation is yellow journalism at its worst (well, at least a far as business journalism goes. And really — what else is there?). As Larry suggests, hatchet ... On disclosure: Hands-tying

Google User Privacy

I have some questions about Google’s reluctance to turn over user search data to the government. (For background on this story, see here.) 1. Why does Google gather this data to begin with? Wouldn’t the best way to protect user privacy be not to save this information in the first place? Why does Google need ... Google User Privacy

Donaldson & Pitt & Levitt & Breeden (Oh my!)

The Council on Foreign Relations puts on some really impressive webcasts/conference calls. Here’s one TOTM readers may be especially interested in (if, that is, you’re one of those lucky people who doesn’t get hives listening to extended bouts of highly-politicized self rationalization): The SEC in a Globalizing Securities Market: A Conversation with the Past Four ... Donaldson & Pitt & Levitt & Breeden (Oh my!)

One of many much-needed lessons about foreign oil

Trouble at XM

A week ago XM inked a three-year, $55 million deal with Oprah for a new channel called “Oprah And Friends.” XM shares rose 4.75% on the day the signing was announced, closing at $25.78 (article). Today, XM announced that its net loss widened to $286.3 million in the fourth quarter from $188.2 million for the ... Trouble at XM

A break in the invisible hand

It seems that I have broken my hand. Blogging will suffer (or improve, depending on your point of view). I know my co-bloggers will continue to provide the sort of top-notch commentary you’ve come to expect from TOTM, and I will strive to peck out a couple of posts over the next few weeks.

Making markets seem thicker

The Internet (read: inexpensive information dissemination) comes to the notoriously informationally-challenged housing market. The WSJ reports on a new website, zillow.com, which, as the WSJ says, uses data such as tax records, sales history and the actual prices of “comparables” — homes in your area that are similar to yours — to come up with ... Making markets seem thicker

Accurately Disclosing Oil Reserves

Yesterday’s W$J reported on an effort by oil companies to change the way reserves are reported in securities filings. SEC rules, it seems, mandate that reserves be measured in a manner that understates the actual amount of available oil. For example, the rules (available here) require that only proven reserves (those for which there is ... Accurately Disclosing Oil Reserves

Adam Smith

That dapper fellow who is our “favicon” is Adam Smith. In case you couldn’t tell.

Directors' Duties Even in Solvent Firms

In the Ribstein & Alces paper mentioned below by Keith, Ribstein & Alces write: The problem with holding that directors have duties to the “corporation” is that the corporation is composed of contracts among claimants with varying and possibly conflicting interests in the firm’s wealth. In solvent firms this is not troubling. Serving the firm’s ... Directors' Duties Even in Solvent Firms

Paternalism and the iPod, Part II: The Behavioral Economics of Apple?

Dave Hoffman over at Concurring Opinions asks: “Is Apple Exploiting Consumer Irrationality?” Dave is worried that consumers’ continuing iPod purchases may be irrational in the face of evidence that many iPod’s fail within their one year warranty period or shortly after, and that this strategy might explain Apple’s “growing market strength.” How likely are consumer ... Paternalism and the iPod, Part II: The Behavioral Economics of Apple?

New antitrust blawg

It’s called Antitrust Review. It’s the result of a merger between the antitrust division of Law & Society Blog and (Anti-)Trust Me, both original members of our ultra-exclusive blogroll. Here’s what Hanno Kaiser, one of the blog’s founders, and a friend and former colleague of mine, says about the blog: Antitrust Review will feature news ... New antitrust blawg