Meese & Richman on Ticketmaster/ Live Nation
Alan Meese (William and Mary) and Barak Richman (Duke), have an op-ed over at the Huffington Post on the Ticketmaster Live nation merger and settlement. They frame the DOJ decision to approve the merger as a victory of principle over politics and economic populism. Here is an excerpt: Many hoped that the Live Nation-Ticketmaster merger ... Meese & Richman on Ticketmaster/ Live Nation
Intepreting Empirical Evidence
So, there is some new evidence that state laws banning cell phone usage does not reduce accidents (HT: Orin Kerr). The Insurance Institute for Highway Safety study has gotten some attention in the media. See, for example, this NYT piece discussing the researchers “surprise” that they did not find the result they were looking for. ... Intepreting Empirical Evidence
You Don't See This Everyday
From a library bookshelf in Kiev, Ukraine:
Russian Retail Trade Law and Government Barriers to Entry
A new Russian retail trade law is scheduled to (at least partially) go into effect on February 1st. The new retail trade law, with the support of the national antitrust authority and Prime Minister Putin amongst others, has three essential features: (1) limiting the operation of chains to no more than 25 percent of total ... Russian Retail Trade Law and Government Barriers to Entry
Ticketmaster-Live Nation Settles
Here are the details on the conditions imposed: Under the conditions set forth by the Justice Department, the merged company would need to sell off a unit that sells tickets to college sporting events, and would need to license its ticketing software to rival concert promoter AEG Live, so that company can launch a competing ... Ticketmaster-Live Nation Settles
Antitrust in Russia
I will be doing a series of talks in Moscow and Kiev over the next several days on antitrust issues in light of the new Russian trade law, which includes a number of restrictions on vertical contractual arrangements between suppliers and retailers. Blogging will likely be light, but if anybody has advice on things to ... Antitrust in Russia
Shocking
Law professors confess, at least when their own money is at stake, that demand curves slope downward.
Some Antitrust Links
Drew Brees on American Needle (HT: Antitrust Review) Is the DOJ gearing up to litigate Ticketmaster-Live Nation? (my favorite quote comes from this linked article: “Politically, you wouldn’t get in trouble for challenging the deal because everyone hates it, but articulating an antitrust theory is more difficult”) A wrap up of ACP’s Section 5/ Intel ... Some Antitrust Links
Evading Section Two, Two Ways: The Commission's Cases Against McCormick and Intel
Yesterday, in my contribution to the Antitrust & Competition Policy Blog’s Section 5 symposium, I discussed the FTC’s use of Section 5 to evade the tough standards facing plaintiffs bringing Section 2 claims and how that evasion was likely to cost consumers by stripping out the error-cost protections embedded in modern monopolization law. I also ... Evading Section Two, Two Ways: The Commission's Cases Against McCormick and Intel
David Evans Makes the Case Against Revamping Consumer Protection
Economist, co-author, and sometimes TOTM guest David Evans (UCL, University of Chicago School of Law) has an excellent note on “Why Now is Not the Right Time To Revamp Consumer Protection,” based on remarks made at the New York Federal Reserve Board-New York University Conference on Regulating Consumer Financial Products yesterday in New York. Evans ... David Evans Makes the Case Against Revamping Consumer Protection
The Case Against the Section 5 Case Against Intel (Cross-Posted)
Antitrust & Competition Policy Blog is hosting a symposium on The Role of FTC Act Section 5 in Light of Intel. Today’s contributions include Dan Crane (Michigan), Keith Hylton (BU), Bob Lande (Baltimore) and me. Up tomorrow will be TOTM’s Geoff Manne, Sean Heather (US Chamber), and Herbert Hovenkamp (Iowa). My contribution is available here, ... The Case Against the Section 5 Case Against Intel (Cross-Posted)
Is Antitrust Too Complicated for Federalist Judges? Forthcoming In Journal of Law and Economics
I’m very pleased to report that my paper with Michael R. Baye (of the Kelley School of Business at Indiana University and formerly Director of the Bureau of Economics at the Federal Trade Commission), Is Antitrust Too Complicated For Generalist Judges: The Impact of Economic Complexity and Judicial Training on Appeals, has been accepted for ... Is Antitrust Too Complicated for Federalist Judges? Forthcoming In Journal of Law and Economics
