The Archives

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

Kobayashi & Wright on Antitrust Limits, Federalism and Patent Holdup

I’ve posted to SSRN my new article (co-authored by my colleague Bruce Kobayashi), Federalism, Substantive Preemption, and Limits on Antitrust: An Application to Patent Holdup. We presented an earlier version of our analysis at the George Mason/ Microsoft Conference on the Law and Economics of Innovation and benefited significantly from comments from the discussants and ... Kobayashi & Wright on Antitrust Limits, Federalism and Patent Holdup

The Future of Law and Economics on SSRN

I’ve compiled (with some light editing) the blog posts from the future of law and economics series into an article, including the response from Henry G. Manne, entitled “The Future of Law and Economics: A Discussion.”  For those interested in reading the blog posts in their original form, along with the comments, I’ve indexed the ... The Future of Law and Economics on SSRN

Global Competition Review FRAND Roundtable

Global Competition Review recently sponsored a roundtable on FRAND commitments and their antitrust implications. The transcript is available here. It was moderated by Helen Jenkins (Oxera), and participants included Bernard Amory (Jones Day), George Cary (Cleary Gottlieb, advising Broadcom in its suit against Qualcomm), Damien Geradin (Howrey, advising Qualcomm), Matias Dewatripont (Universite Libre de Bruxelles), ... Global Competition Review FRAND Roundtable

Pioneers in Law and Economics: Benjamin Klein

I’ve mentioned previously that my colleague Lloyd Cohen and I are editing a volume for Edward Elgar Publishing on Pioneers in Law and Economics.   Look for details in this space soon on a full list of contributing authors and subjects as well as where to buy the book!  One of the perks of co-editing a ... Pioneers in Law and Economics: Benjamin Klein

GCP on Single Product Rebates and Bundled Discounts

Global Competition Policy has a new issue out focusing on the antitrust analysis of single product rebates and bundled discounts in the United States and Europe, including articles from: H.E. Frech (UCSB) Benjamin Klein (UCLA and LECG) Jonathan Rubin (Patton Boggs) M. Laurence Popofsky Renato Nazzini (University of Southampton) Johanne Peyre & Laurent Geelhand (Michelin ... GCP on Single Product Rebates and Bundled Discounts

Are Loyalty Discounts Really Anticompetitive?

I promised that I would write about why I think that Professor Elhauge’s claim in his new working paper, “Loyalty Discounts and Naked Exclusion,” that he has proven that loyalty discounts generally involve anticompetitive effects is mistaken. Let me begin by saying that this is a very provocative claim from a very serious antitrust analyst ... Are Loyalty Discounts Really Anticompetitive?

Three From Professor Elhauge on Antitrust

2008 has been a busy year for Harvard Professor Einer Elhauge so far from the looks of his SSRN page (not to mention advising Senator Obama on legal policies). He’s posted three new working papers covering a diverse set of antitrust topics: Loyalty Discounts and Naked Exclusion (purporting to “prove that loyalty discounts create anticompetitive ... Three From Professor Elhauge on Antitrust

Poker Cheating Scandal at Ultimate Bet

Its a few weeks old now, but apparently a couple of former employees were able to bilk online rivals of a lot of money at Ultimate Bet.  How? Certain players gained an unfair advantage through their ability to see their opponents’ hole cards. In a game of incomplete information, the ability to see an opponent’s ... Poker Cheating Scandal at Ultimate Bet

EU/US Convergence in Competition Policy

FTC Chairman William Kovacic, easily one of the most insightful thinkers and writers on issues of global competition policy, has posted a new paper offering a thoughtful analysis of where the EU and US competition policy systems have been, where they are going, what institutional differences might cause the systems to converge or diverge further, ... EU/US Convergence in Competition Policy

Advice for Economics Graduate Students

From Peter Boettke at the Austrian Economists blog.  Boettke gives detailed advice on how to prepare for your first year of a graduate program in economics, but the general message of the advice is more broadly applicable.   I agree with virtually everything he says about the economics (start writing early and read lots of Alchian ... Advice for Economics Graduate Students

Growthology

Growthology is a new economics blog by Tim Kane and Bob Litan that, as the name suggests, focuses on all things to do with economic growth and particularly, entrepreneurship.  Yesterdays posts include an interview with SSRN founder Mike Jensen.  (HT: Peter Klein).

Conference: The Economics and Law of the Entrepreneur

The Searle Center on Law, Regulation and Economic Growth at Northwestern University School of Law is continuing its excellent run of conferences with an event on June 18th-19th organized by Daniel Spulber centering around some new (and very interesting looking) papers on economic and legal issues involving entrepreneur and discuss high quality research relevant to ... Conference: The Economics and Law of the Entrepreneur