Showing results for: “digital markets act”
Concurrences Antitrust Writing Awards 2012
The Institute for Competition Law and GW Law have put together the Antitrust Writing Awards. You can vote on academic or business articles here. I’m very pleased to report that one of my articles — Does Antitrust Enforcement in High-Tech Markets Benefit Consumers? Stock Price Evidence from FTC v. Intel (Review of Industrial Organization) — ... Concurrences Antitrust Writing Awards 2012
Randomizing Regulation
An interesting post on the University of Pennsylvania Reg Blog from Michael Abramowicz, Ian Ayres, and Yair Listokin (AAY) on “Randomizing Regulation,” based upon their piece in the U Penn L. Rev. If legislators disagree about the efficacy of a proposed policy, why not resolve the disagreement with a bet? One approach would be to impose ... Randomizing Regulation
Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
That’s the title of an interesting article by Emmanuel Farhi and Jean Tirole in the current issue of the American Economic Review. Here’s the abstract (emphasis added): The article shows that time-consistent, imperfectly targeted support to distressed institutions makes private leverage choices strategic complements. When everyone engages in maturity mismatch, authorities have little choice but ... Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
Do Expert Agencies Outperform Generalist Judges? Some Preliminary Evidence from the Federal Trade Commission
I’ve posted a new project in progress (co-authored with Angela Diveley) to SSRN. In “Do Expert Agencies Outperform Generalist Judges?”, we attempt to examine the relative performance FTC Commissioners and generalist Article III federal court judges in antitrust cases and find some evidence undermining the oft-invoked assumption that Commission expertise leads to superior performance in ... Do Expert Agencies Outperform Generalist Judges? Some Preliminary Evidence from the Federal Trade Commission
Congratulations to Bill Baer
President Obama has, as rumored, appointed Bill Baer (Arnold & Porter) to head the Antitrust Division. Reuters reports: Baer, who is the chair of Arnold and Porter’s Antitrust Practice Group, also previously headed the Federal Trade Commission’s competition division when it stopped a merger between Staples and Office Depot in 1997. He will replace Sharis ... Congratulations to Bill Baer
Options Have Value, Even If DOT Doesn’t Get It
Last week Thom posted about the government’s attempt to hide the cost of taxes and regulatory fees in commercial airfares. Apparently Spirit Airlines is highlighting another government-imposed cost of doing business by advertising a new $2/ticket fee that the airline has imposed. According a CNN report yesterday: Spirit Airlines says a new federal regulation aimed ... Options Have Value, Even If DOT Doesn’t Get It
Wright v. Rule at Columbia Law on Google and Antitrust
Charles (“Rick”) Rule, who represents Microsoft and is the head of the antitrust practice at Cadwalader, Wickersham & Taft LLP, and I had an opportunity to debate the various antitrust issues involving Google and its search engine on last week. I didn’t have much of a chance to report here on the blog over the ... Wright v. Rule at Columbia Law on Google and Antitrust
Competition for the Field on the Internet
Keith Woolcock (Time Business) offers an interesting perspective on what economists would describe as “competition for the field” between Apple, Facebook, Google, and Facebook. It gives a good sense of the many dimensions of competition upon which these firms compete. The upcoming IPO of Facebook, the flak surrounding Twitter’s decision to censor some tweets, and Google’s weaker-than-expected 4th-quarter ... Competition for the Field on the Internet
FTC Closes UFC Investigation
Sports Illustrated: The Federal Trade Commission has concluded and closed a six-month, nonpublic investigation of Zuffa LLC., the owners of the Ultimate Fighting Championship, and will not take further action at this time, an FTC spokesperson confirmed to SI.com on Tuesday. According to closing letters to parties involved that were made public Tuesday, the FTC ... FTC Closes UFC Investigation
New Study Links Wireless Adoption to Jobs: It’s All About the Spectrum (and Siri)
Economists recognize that the source of sustainable, private-sector jobs is investment. Due to measurement problems with investment data, however, it is sometimes easier to link a byproduct of investment—namely, adoption of the technology made possible by the investment—to job creation. This is precisely what economists Rob Shapiro and Kevin Hassett have done in their new ... New Study Links Wireless Adoption to Jobs: It’s All About the Spectrum (and Siri)
FTC Mobile Payments Workshop on April 26, 2012
The Federal Trade Commission conference announcement is below; note that public comments on the date of the conference. This is an important space and should attract some excellent speakers. The topics suggest a greater focus on consumer protection than competition issues. Here is the announcement: The Federal Trade Commission will host a workshop on April ... FTC Mobile Payments Workshop on April 26, 2012
Privacy Interview
I was recently interview about privacy on the BBC Online Magazine by Kate Dailey. Here is the interview: Magazine 26 January 2012 Last updated at 13:11 ET Could Google’s data hoarding be good for you? By Kate Dailey BBC News Magazine Google’s announcement that is now tracking users’ web movements has upset privacy advocates. But ... Privacy Interview
