72% of Antitrust Lawyers Not Impressed By Case Against Google
It is not exactly the application of the consumer welfare standard, nor a scientific survey, but nonetheless an interesting poll at the American Bar Association Antitrust & Intellectual Property Conference before and after presentations from lawyers representing each side. The results? While this is an admittedly small sample size and may not be representative of ... 72% of Antitrust Lawyers Not Impressed By Case Against Google
ACS Blog Debate on Google: Putting Consumer Welfare First in Antitrust Analysis of Google
[I am participating in an online “debate” at the American Constitution Society with Professor Ben Edelman. The debate consists of an opening statement and concluding responses to be posted later in the week. Professor Edelman’s opening statement is here. I am cross-posting my opening statement here at TOTM. This is my closing statement] Professor Edelman’s ... ACS Blog Debate on Google: Putting Consumer Welfare First in Antitrust Analysis of Google
ACS Blog Debate on Google: Retrograde Antitrust Analysis is No Fit for Google
I am participating in an online “debate” at the American Constitution Society with Professor Ben Edelman. The debate consists of an opening statement and concluding responses to be posted later in the week. Professor Edelman’s opening statement is here. I am cross-posting my opening statement here at TOTM, and will cross-post my closing statement later ... ACS Blog Debate on Google: Retrograde Antitrust Analysis is No Fit for Google
Zywicki on the Unintended Consequences of the Durbin Bank Fees
Here’s Professor Zywicki in the WSJ on the debit card interchange price controls going into effect, and their unintended but entirely predictable consequences: Faced with a dramatic cut in revenues (estimated to be $6.6 billion by Javelin Strategy & Research, a global financial services consultancy), banks have already imposed new monthly maintenance fees—usually from $36 ... Zywicki on the Unintended Consequences of the Durbin Bank Fees
Welcome Digitopoly!
This looks like a great new blog on economics and technology from a top notch group of economists: Erik Brynjolfsson, Joshua Gans and Shane Greenstein. Welcome Digitopoly. Now added to the blogroll. Here’s their description of the blog: This blog was established by Professors Erik Brynjolfsson, Joshua Gans and Shane Greenstein. They noticed that there ... Welcome Digitopoly!
Attention Economists and Economics Graduate Students: Want to Go to Law School?
I have recently joined my colleague Bruce Johnsen as a co director of the Robert A. Levy Fellowship in Law and Liberty at GMU Law. It is a very generous fellowship — a tuition waiver plus a generous stipend — for economists who have their PhD’s or “ABD” status to come to law school on ... Attention Economists and Economics Graduate Students: Want to Go to Law School?
Nobel Speculation: Armen Alchian, Harold Demsetz and Benjamin Klein Should Win the Prize in 2011
Its time to dust off (and slightly update) an old post for its annual republication around this time each year. With the start of the school year comes another fall tradition here at TOTM: Nobel speculation. More specifically, every fall I yell from the rooftops that some combination of Armen Alchian, Harold Demsetz and Ben ... Nobel Speculation: Armen Alchian, Harold Demsetz and Benjamin Klein Should Win the Prize in 2011
GMU Law’s Gordon Tullock a Front-Runner for 2011 Nobel Prize in Economics?
Thomson-Reuters has listed its “Citation Laureates,” its predictions for particular scholars winning a Nobel prize sometime in the future (not necessarily this year). Of particular interest to readers of this blog is that George Mason Law Professor Emeritus Gordon Tullock (long mentioned as a favorite of those predicting the Economics prize on this blog) is ... GMU Law’s Gordon Tullock a Front-Runner for 2011 Nobel Prize in Economics?
Unlocking the Law: Day 1 Wrap Up
Its been a busy first day of posts. I’ve collected links here for readers who want to catch up for tomorrow’s action when we will feature another full slate of posts. I’ve also created a tab to archive all of the Unlocking the Law posts here. Day 1 featured posts from: Larry Ribstein on After ... Unlocking the Law: Day 1 Wrap Up
Exclusion Still Doesn’t Explain Verizon’s Stock Price Non-Reaction to the DOJ Challenge Announcement (Correcting AAI’s Letter to the WSJ Editor)
Yale’s George Priest authored an op-ed in the WSJ on September 6th in which he raised a few of the arguments discussed here at TOTM over the past several weeks regarding the proposed AT&T / T-Mobile merger. For example, we’ve focused upon the tension between the DOJ complaint’s theories of competitive harm (coordinated and unilateral ... Exclusion Still Doesn’t Explain Verizon’s Stock Price Non-Reaction to the DOJ Challenge Announcement (Correcting AAI’s Letter to the WSJ Editor)
NY Times (and maybe Professor Hovenkamp?!) Confused About the Merger Guidelines
The NY Times starts its op-ed against the AT&T / T-Mobile transaction with a false proposition about antitrust analysis of mergers: “The analysis begins with a mathematical formula for calculating the deal’s effect on competition.” Any antitrust lawyer or economist will recognize the error. A major change from the 1997 Horizontal Merger Guidelines to the ... NY Times (and maybe Professor Hovenkamp?!) Confused About the Merger Guidelines
My Reflections on The Senate CFPB Hearing
[Cross-posted at PYMNTS.COM] Richard Cordray’s nomination hearing provided an opportunity to learn something new about the substantive policies of the new Consumer Financial Protection Bureau. Unfortunately, that opportunity came and went without answering many of the key questions that remain concerning the impact of the CFPB’s enforcement and regulatory agenda on the availability of consumer ... My Reflections on The Senate CFPB Hearing
