The Archives

Everything written by Joshua D. Wright on law, economics, and more

Markel on D'Amato

Dan Markel at Prawfs has posted some reactions to D’Amato’s piece on The Interdisciplinary Turn in Legal Education.  It is an excellent post and well worth reading, as is D’Amato’s article.

"There is Little Evidence that Economic Analysis of Law Has Changed [Antitrust] in Any Noticeable Way"

Huh? This statement appears in this article by Professor Anthony D’Amato (Northwestern) on the failure of interdisciplinary scholarship in the legal academy. HT: Brian Leiter. Quite frankly, I was very surprised to see a claim like this in a paper written after 1970 or so. Even in corners of the academy hostile to economic analysis, ... "There is Little Evidence that Economic Analysis of Law Has Changed [Antitrust] in Any Noticeable Way"

Stay Classy San Diego

My prediction that the Chargers would win it all last month is not looking so bad after the clinic the Bolts put on the Broncos yesterday to clinch the division. Of course, the big news in the game is that Ladainian Tomlinson broke the all-time single season TD record. For those who didn’t see the ... Stay Classy San Diego

Bundled Discounts, Exclusive Dealing, and Liability Rules: Thoughts on Crane and Lambert on Bundled Discounts

Dan Crane and Thom (who has promised more remarks!) have now both posted their prepared remarks for the Section 2 hearings panel on bundled discounts. Both call for bright-line, administrable liability rules for all forms of unilateral exclusionary conduct, and have important things to say about designing antitrust rules for bundled discounts. Both are worth ... Bundled Discounts, Exclusive Dealing, and Liability Rules: Thoughts on Crane and Lambert on Bundled Discounts

UCLA 13 – USC 9!

Photo: Robert Laberge/ Getty Images.

Friday Blog Reading

Zywicki on Curricular Reform Tabarrok on Organ Markets Dorf on Laptops in the Classroom Bill Simmons on the(dismal) State of NFL Announcing

Obama on Wal-Mart

Steve Levitt is impressed with Barack Obama’s book The Audacity of Hope, and notes that though he does not agree with all of his political views, Obama may very well be a future president. I don’t know much about Obama,and haven’t read his book, but I was disappointed to see him jump aboard the Wal-Mart ... Obama on Wal-Mart

SCOTUS Oral Argument Transcripts

Are available from Twombly and Weyerhauser. HT: Antitrust Review. UPDATE: Randy Picker reads the Twombly tea leaves and the court’s analogy to Form 9.

Bainbridge is Back

The Business Associations’ Blog is here.

Crane's Section 2 Hearings Testimony on Loyalty Discounts

Dan Crane (Antitrust Review, Cardozo) has graciously posted his testimony for Wednesday’s FTC/ DOJ Section 2 Hearings on Loyalty Discounts. Readers familiar with Crane’s scholarship on bundled discounts in the Chicago Law Review and Emory Law Journal will not be surprised that it is thorough, careful, mindful of the role that administrative costs should play ... Crane's Section 2 Hearings Testimony on Loyalty Discounts

Milton Friedman, RIP

As most readers will know by now, Nobel Laureate Milton Friedman passed away earlier this morning. The WSJ tribute is worth reading for those unfamiliar with Friedman’s many contributions to economics and policy. Nobel Laureate Paul Samuelson’s comment is the closest I have seen to capturing the magnitude of Friedman’s influence: “No one in the ... Milton Friedman, RIP

Carlton & Picker on Antitrust and Regulation

Dennis Carlton and Randy Picker have posted Antitrust and Regulation on SSRN. It looks like a very interesting paper on the relationship between antitrust and regulation to control competition. Here’s the abstract: More than a century ago, the federal government started controlling competition, first railroads through the Interstate Commerce Act and then the general economy ... Carlton & Picker on Antitrust and Regulation