Showing results for: “digital markets act”
Klein v. Coase III: Fisher Body-General Motors Again (and Again)
Peter Klein‘s post over at the always excellent Organizations and Markets reminded me that I have been wanting to blog about the most recent exchange between Ben Klein and Ronald Coase over the asset specificity, vertical integration, and the famous Fisher Body – General Motors example which has become a classic example of hold up ... Klein v. Coase III: Fisher Body-General Motors Again (and Again)
Why doesn’t majority voting as implemented have more teeth?
The whole idea behind majority voting for the election of directors, to paraphrase ISS, is that it transforms uncontested elections from symbolic to democratic. This is because majority voting in its purest form would give shareholders veto authority over management candidates—authority not afforded to shareholders under the traditional plurality voting standard. Critics maintain that giving ... Why doesn’t majority voting as implemented have more teeth?
Rubin on "Item Pricing Laws" in the WSJ
Paul Rubin (Emory Law) has an excellent piece in the WSJ taking state regulators to task for “Item Pricing Laws” which require that most goods in retail stores have an individual price sticker rather than, for example, a price tag on the store shelf. IPLs increase “menu costs” when retailers want to change prices which ... Rubin on "Item Pricing Laws" in the WSJ
Majoras Responds to Conyers Regarding Leegin
There’s just so much paper going back and forth on Leegin that it’s hard to keep up. In addition to various briefs and commentaries and Commissioner Harbour’s de facto brief (also discussed here), there has been some interesting correspondence between Rep. Conyers, Chair of the House Committee on the Judiciary, and Deborah Platt Majoras, Chair ... Majoras Responds to Conyers Regarding Leegin
Is Tenure Overrated Or Are the Alternatives Really That Bad?
Steve Levitt thinks that tenure is overrated. But relative to what? Levitt proposes doing away with tenure because it distorts the incentives of scholars to front load their productivity and then ride off into the sunset after tenure is granted. Surely he is right about this incentive effect. Levitt also makes quick work of the ... Is Tenure Overrated Or Are the Alternatives Really That Bad?
FTC/DOJ Section 2 Hearings Explore Monopoly Power
For the next two days, the Section 2 Hearings will explore “different methods of evaluating monopoly power in single-firm conduct cases, including issues relating to market definition, the Cellophane fallacy, the use of direct evidence, single-firm markets, and technology markets.” The sessions will be held at the FTC’s Conference Center at 601 New Jersey Ave., ... FTC/DOJ Section 2 Hearings Explore Monopoly Power
Updated Drafts on SSRN
I have just posted two revised drafts to SSRN: Slotting Contracts and Consumer Welfare (forthcoming in the Antitrust Law Journal and previously blogged about here). Antitrust Analysis of Category Management: Conwood v. U.S. Tobacco. Both are pretty substantial revisions and so I hope that folks who have read previous drafts will check out the updated ... Updated Drafts on SSRN
A Response to Commissioner Harbour’s "Open Letter" on Leegin
Federal Trade Commissioner Pamela Jones Harbour has sent the U.S. Supreme Court justices an “open letter” regarding the pending Leegin case. [HT: Danny Sokol.] Leegin, as regular TOTM readers know, will test the continued vitality of Dr. Miles, the 1911 decision making it per se illegal for manufacturers and retailers to agree on minimum retail ... A Response to Commissioner Harbour’s "Open Letter" on Leegin
Some Weekend Blog Reading
Some blogging that may be of interest to TOTM readers: Andrew Gelman (for it) v. Tyler Cowen (against it) on the American Economic Association’s decision to add 4 new quarterly journals. Michael Giberson (Knowledge Problem) and David Fischer (Antitrust Review) on the Sirius-XM Merger, a story Keith has been covering here at TOTM. VC’s Todd ... Some Weekend Blog Reading
Baker on Antitrust & Innovation
Jonathan Baker (American) has a very interesting paper on a very hot topic in antitrust nowadays: the role of antitrust regulation in innovation. The title is “Beyond Schumpeter vs. Arrow: How Antitrust Fosters Innovation.” Here is the abstract: The relationship between competition and innovation is the subject of a familiar controversy in economics, between the Schumpeterian ... Baker on Antitrust & Innovation
Please No "Passenger’s Bill of Rights"
Soledad O’Brien said a (sort of) bad word on American Morning this morning. I was watching when she said it. I didn’t notice the word, but it’s plain as day in the transcript below (omissions noted by ellipses):
AALS Disney Panel Podcast
Podcasts from this year’s AALS conference are now available. Click here for the Business Associations panel on the Disney case. Recall that Justice Jacobs from the Delaware Supreme Court (author of the Delaware Supreme Court opinion in the case) participated in addition to many heavy-hitting corporate law academics (see below). Here’s the blurb from the ... AALS Disney Panel Podcast
