Showing results for: “digital markets act”
An Unsurprising Result
The Irish Competition Authority releases a report offering the stunning finding that “The retail planning system limits competition among grocery retailers and as a result consumers are not getting the best possible choice or value for money.” HT: Danny Sokol. The retail planning system apparently imposes restrictions on retailer size, location, and other dimensions of ... An Unsurprising Result
Baker on the Dueling Bush Administration Antitrust Agencies
Jonathan Baker (American) has a column at The New Republic focusing on a different aspect of the FTC vs. DOJ scuffles over antitrust policy. Baker claims that the DOJ is engaging in what he describes as “deregulatory radicalism that allows monopolies to spin out of control,” while he is largely supportive of FTC policies. Baker ... Baker on the Dueling Bush Administration Antitrust Agencies
Inter-Agency Scuffling Over Section 2: What Role for Economists and Economics at the FTC and DOJ?
Much has already been written about the strained relationship between the FTC and DOJ in antitrust matters. There is no more entertaining description of these strains than Chairman Kovacic’s description of the sister agencies as “an archipelago of policy makers with very inadequate ferry service between the islands” and “too many instances when you go ... Inter-Agency Scuffling Over Section 2: What Role for Economists and Economics at the FTC and DOJ?
Best Paper Title at CELS?
Unfortunately, I’m missing this year’s Conference on Empirical Legal Studies at Cornell. But I spent the morning skimming the program and came across the following from Ilya Beylin & Anup Malani: Finding Love in the Wreckage: Estimating Spousal Altruism with Data on Fatal Car Accidents. Here is a link to the SSRN version and here ... Best Paper Title at CELS?
A High Profile Test Case for the Chinese Antimonopoly Law
Coca-Cola and China’s Huiyuan Juice Group Ltd $2.4 billion deal looks like it is set to be the first major merger test for the China’s new AML. This WSJ story gives some sense of market shares and potential market definition issues: Defining the market could be tricky. According to Merrill Lynch analysts, Coca-Cola will control ... A High Profile Test Case for the Chinese Antimonopoly Law
Data on Congressional Voting Records for Presidential Candidates
I don’t like blogging about politics except when there is some antitrust angle. This, for reasons that are obvious but still disappoint me, doesn’t happen too often (but see here and here). My general disinclination to blog about politics is that it isn’t my area of expertise and I don’t think I can really add ... Data on Congressional Voting Records for Presidential Candidates
Merging to Second Best
Luke Froeb, Mikhael Shor and Steven Tschantz have just posted an interesting looking model of mergers in auction settings where the incumbent firm has an advantage in subsequent auctions. The model captures the intuition that sometimes a mergers creating a “second-best” rival can result in more more aggressive bidding and result in lower prices even ... Merging to Second Best
Howard Stern and Unilateral Effects
That’s a catchy title for a merger conference (HT: Danny Sokol). The program faculty include: David L. Meyer, Deputy Assistant Attorney General, Antitrust Division, U.S. Department of Justice, Ketan P. Jhaveri, Senior Associate, Simpson Thacher & Bartlett LLP, Charles E. Biggio, Partner, Wilson, Sonsini,Goodrich & Rosati, J. Gregory Sidak, Criterion Economics, LLC . For those ... Howard Stern and Unilateral Effects
Cross-Price Elasticity of Demand, Diddy Edition
It’s not quite a bump in scooter sales or farmers switching from tractors to mules in response to rising gasoline prices: The hip-hop mogul said he is now flying on commercial airlines instead of in private jets, which Combs said had previously cost him $200,000 and up for a roundtrip between New York and Los ... Cross-Price Elasticity of Demand, Diddy Edition
AALS Agency, Partnerships and LLCs Section Call for Papers
Larry Ribstein is organizing the upcoming AALS session of agency, partnerships and LLCs and has posted the following call for papers: The Section on Agency, Partnerships and Limited Liability Companies is calling for papers for the 2009 AALS Annual Meeting in San Diego. We are interested in presentations on the application of modern theories and ... AALS Agency, Partnerships and LLCs Section Call for Papers
Searle Center Events this Fall
Northwestern University’s Searle Center on Law, Regulation and Economic Growth is one of the most intellectually interesting and active centers for law and economics around. Here’s a lineup of research roundtables and conferences scheduled for this fall. I’ll be lucky enough to be a Visiting Fellow at the Searle Center for a week this September, ... Searle Center Events this Fall
Antitrust Fallacies of Fact and Theory
Steve Hurwitz as a characteristically thoughtful and provocative post over at Austrian Economists on identifying the most dangerous fallacies of fact and theory in economics that a reasonably informed layperson would believe. Steve’s nominations are that the average person believes that the “economic well-being of the average American is on the decline” (fallacy of fact) ... Antitrust Fallacies of Fact and Theory
