Showing results for: “digital markets act”
Global Warming
I think the discussion of global warming has been seriously remiss. Those opposed to massive cuts in economic activity through programs such as “cap and trade” have argued that global warming is not real. But whether or not it is real, the debate should be refocused. First, there are possibilities for cheaper methods of limiting ... Global Warming
99%
The Occupy Wall Street idiots claim that they represent the 99% of the people who are normal, not among 1% super-rich. They have it backwards. They are actually among the bottom 1% of the society, the 1% losers.
The end of the $160,000 first year associate
The WSJ discusses the declining value of first-year associates as clients are refusing to pay for training. Clients question whether new associates have “a sophisticated knowledge of the business world, and many nuts and bolts, such as how to prepare a witness for a deposition or the precise terms that, say, need to be included ... The end of the $160,000 first year associate
The Fate of the FCC’s Open Internet Order–Lessons from Bank Fees
Economists have long warned against price regulation in the context of network industries, but until now our tools have been limited to complex theoretical models. Last week, the heavens sent down a natural experiment so powerful that the theoretical models are blushing: In response to a new regulation preventing banks from charging debit-card swipe fees ... The Fate of the FCC’s Open Internet Order–Lessons from Bank Fees
The Ides of March
Just saw the movie The Ides of March. Very nice. After Larry’s disucssion of the shabby treatment business receives in the movies, it is nice to see politics receive the same treatment. This movie is based on a play “Farragut North” written by a Howard Dean staffer and the actors are well known liberals (e.g., ... The Ides of March
Wall Street and Vine in the WSJ
Today’s WSJ covers Hollywood’s treatment of business. And so, of course, they went to the Source (link added): Hollywood has been famously left-leaning for decades, even as it teemed with shrewd business operators. Larry Ribstein, a professor of law at the University of Illinois who wrote a paper called “Wall Street and Vine” about the ... Wall Street and Vine in the WSJ
Law as a Byproduct in Munich
I’m off to the International conference on “Regulatory Competition in Contract Law and Dispute Resolution” at Ludwig-Maximilians-University’s Center for Advanced Studies in Munich. I’m joining an otherwise illustrious group (here’s the program) to present my and Kobayashi’s Law as a Byproduct. Blogging may be light for the next week (but eating and drinking may be ... Law as a Byproduct in Munich
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
The UK deregulates business structures for law firms
The Law Blog notes that the UK’s Legal Services Act goes into effect today. When all the regulatory structures are set up, lawyers will be able to practice in “Alternative Business Structures” such as publicly traded law firms and supermarkets. According to The Lawyer, the law firm Everyman Legal says it will be “first in ... The UK deregulates business structures for law firms
Is there a Steve Jobs of government?
No, at least not in the U.S. And this is a good thing, rather than a reflection on the quality of people who enter the two fields of business and government. In business, investors want to delegate power to executives, especially to imaginative executives like Steve Jobs. Letting investors do this entails potential costs. But ... Is there a Steve Jobs of government?
The cash hoarding problem and some solutions
As I discussed last May, corporations are hoarding cash. According to today’s WSJ, they’re still hoarding cash. Mira Ganor writes, in Agency Costs in the Era of Economic Crisis, that it could be about CEO compensation. Here’s the abstract: This Article reports results of an empirical study that suggests that the current economic crisis has ... The cash hoarding problem and some solutions
Illinois Corporate Colloquium: Choi on SEC backdating investigations
Yesterday at the Illinois Corporate Colloquium Steve Choi presented his paper (with Pritchard and Weichman), Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations. Here’s the abstract: We study the impact of scandal-driven media scrutiny on the SEC’s allocation of enforcement resources. We focus on the SEC’s investigations of option ... Illinois Corporate Colloquium: Choi on SEC backdating investigations
