UC Irvine School of Law Update
Dean Erwin Chemerinsky and UCI School of Law are in the news. WSJ Law Blog reports on a little scuffle between Chemerinsky and Second Circuit Chief Judge Jacobs about the purported public interest mission of the law school whether it entails a distinct political leaning. Here’s Chemerinsky: Implicit in Jacobs’ remarks is the assumption that ... UC Irvine School of Law Update
"Screw off, John"
Emailed James Heckman in response to fellow the Milton Friedman Institute (MFI) committee member John Cochrane, who had warned Heckman about his publicly expressed views that he was open to considering changing the name of the MFI and that at least some of the now well-cataloged objections to the MFI were rooted in the view ... "Screw off, John"
Some Links
Henry Manne offers his thoughts on the financial crisis and the increasing role for those who understand markets to play in the new regulatory age Larry Ribstein defends the Illinois no-LSAT admission program Krugman on Krugman A conference on property rights I wish I could attend featuring a keynote from Harold Demsetz, my early frontrunner ... Some Links
Reverse Payments Ripe for Cert?
The Federal Circuit came down on the side of rule of reason analysis, and no liability, in a reverse payment case in Cipro (HT: Antitrust Review and Patently-O): Since there was no basis for the district court to confidently predict that the Agreements at issue here would be found to be unlawful under a rule ... Reverse Payments Ripe for Cert?
FTC v. DOJ on Section 2: Just Different Priors?
Turns out the Global Competition Policy issue on Reviewing the DOJ Report on Competition and Monopoly, in addition to the articles I pointed to in this post, has added a few more responses to the Report, the FTC Response, and what the schism might mean for antitrust enforcement over the next several years. So far ... FTC v. DOJ on Section 2: Just Different Priors?
Google Yahoo Deal Update
The Wall Street Journal offers an update on the settlement talks with DOJ over the Google-Yahoo deal, which includes some interesting details about possible concessions to get the deal through: In the settlement talks with the government, both companies have discussed concessions. These include capping the volume of Google ads Yahoo would use, assurances that ... Google Yahoo Deal Update
Kieff on Quanta v. LG Electronics
Scott Kieff (Wash U., Hoover Project on Commercialization Innovation) has posted a paper on Quanta v. LG Electronics: Frustrating Patent Deals by Taking Contracting Options off the Table?: The Supreme Court’s unanimous decision in Quanta v. LG Electronics may make it significantly more difficult to structure transactions involving patents. While this decision does make a ... Kieff on Quanta v. LG Electronics
Abuse of Plaintiff Win Rates as Evidence that Antitrust Law Is Too Lenient
I was recently reading Dean Chemerinsky (Irvine Law) on the Roberts Court at Age 3. One of Chemerinsky’s standard takes when he talks about the Roberts Court is that the Court’s pro-business stance is one of its defining characteristics. Readers of the blog will know that I’ve been critical of Chemerinsky for his superficial antitrust ... Abuse of Plaintiff Win Rates as Evidence that Antitrust Law Is Too Lenient
GCP on the Section 2 Report Schism
Global Competition Policy has a trio of interesting articles on the DOJ Section 2 Report, and FTC response, which I’ve blogged about here and here from Tim Brennan, William Kolasky and Mark Popofsky. The abstract from Popofsky’s article gives a sense of the scope and importance of the issues here: The U.S. Department of Justice ... GCP on the Section 2 Report Schism
Krugman Wins
Here’s the announcement. The Prize is for his “analysis of trade activity and location of economic activity.” Tyler Cowen has a lengthy write up with lots of links and information. The WSJ article is here. Here’s Krugman in the NYT: “There was something very beautiful about the old existing trade theory, and its ability to ... Krugman Wins
Nobel Watch
We’re now very close to the Nobel announcement which is expected Monday morning. Tyler Cowen favors Williamson and Tirole because they might want “to bring it down to earth and also they might wish to choose a Frenchman.” Peter Klein favors a prize for organizational economics and, I have a hunch, favors Williamson. French and ... Nobel Watch
A Bad Picture for McCain
SOURCE: The State of the Union (HT: Right Coast).
