Showing results for: “sirius xm merger”
UCLA’s Milken gift
The NYT discusses a controversy at UCLA (mainly, it seems, involving objections by Lynn Stout) to the $10 million gift it just announced from Lowell Milken, Michael’s brother. Lowell was accused many years ago in connection with his brother’s securities violations and escaped prosecution because of his brother’s plea deal. Steve Bainbridge comments in response ... UCLA’s Milken gift
Eighth Circuit Affirms District Court Against FTC in Lundbeck
Here’s the decision; here is my prior post concerning the district court decision. I suspect the FTC was fairly confident it would succeed in persuading the panel to reverse. The appeal turns on whether the district court was clearly erroneous in ruling that the FTC had failed to properly define a relevant market, and in ... Eighth Circuit Affirms District Court Against FTC in Lundbeck
Review of Industrial Organization Special Merger Guidelines Issue
The August 2011 issue of Review of Industrial Organization is a special issue on the 2010 Horizontal Merger Guidelines edited by Roger Blair. The issue is available here, and includes articles from: Herbert Hovenkamp Robert Willig Wayne-Roy Gale, Robert C. Marshall, Leslie M. Marx and Jean-Francois Richard Roger D. Blair and Jessica S. Haynes John ... Review of Industrial Organization Special Merger Guidelines Issue
FairSearch’s Non-Sequitur Response
Our search neutrality paper has received some recent attention. While the initial response from Gordon Crovitz in the Wall Street Journal was favorable, critics are now voicing their responses. Although we appreciate FairSearch’s attempt to engage with our paper’s central claims, its response is really little more than an extended non-sequitur and fails to contribute ... FairSearch’s Non-Sequitur Response
Bainbridge’s e-book experiment
Steve Bainbridge is offering his new book, Directors as Auctioneers: A Concise Guide to Revlon-Land, as a Kindle eBook. Here’s his discussion of the book and of his decision to go the e-book route. I’ve bought it already and presumably will have it when I turn my Kindle on. Steve’s reasoning is plausible: he gets ... Bainbridge’s e-book experiment
Searching for Antitrust Remedies, Part II
In the last post, I discussed possible characterizations of Google’s conduct for purposes of antitrust analysis. A firm grasp of the economic implications of the different conceptualizations of Google’s conduct is a necessary – but not sufficient – precondition for appreciating the inconsistencies underlying the proposed remedies for Google’s alleged competitive harms. In this post, ... Searching for Antitrust Remedies, Part II
FCC Competition Report is one green light for AT&T-T-Mobile deal
BY LARRY DOWNES AND GEOFFREY A. MANNE The FCC published in June its annual report on the state of competition in the mobile services marketplace. Under ordinary circumstances, this 300-plus page tome would sit quietly on the shelf, since, like last year’s report, it ‘‘makes no formal finding as to whether there is, or is ... FCC Competition Report is one green light for AT&T-T-Mobile deal
AAG Varney to Cravath
Of likely interest to many of our readers (HT: WSJ): Christine Varney, the U.S. government’s chief antitrust regulator, is expected to join New York law firm Cravath, Swaine & Moore LLP as a partner later this year, people familiar with the matter said. Ms. Varney was appointed assistant attorney general for the antitrust division in ... AAG Varney to Cravath
Office Superstores, Again?
FTC v. Staples is a seminal case in modern antitrust analysis of horizontal mergers. Judge Posner has described it as the economic “coming of age” of merger analysis. It is also a landmark decision in the development of unilateral effects theories. Despite the fact that Judge Hogan did not explicitly rely upon the econometric evidence ... Office Superstores, Again?
The FTC Makes its Google Investigation Official, Now What?
No surprise here. The WSJ announced it was coming yesterday, and today Google publicly acknowledged that it has received subpoenas related to the Commission’s investigation. Amit Singhal of Google acknowledged the FTC subpoenas at the Google Public Policy Blog: At Google, we’ve always focused on putting the user first. We aim to provide relevant answers ... The FTC Makes its Google Investigation Official, Now What?
Brantley and its Implications for the Proposed Consumer Choice Antitrust Standard
Thom‘s excellent post highlights the Ninth Circuit’s recent decision in Brantley and describes its implications both in terms of rejecting Professor Elhauge’s claim that metering ties and mere surplus extraction amount to competitive harm for the purposes of antitrust and also for the future of the quasi-per se rule of tying. Thom, in my view ... Brantley and its Implications for the Proposed Consumer Choice Antitrust Standard
A New Chief Economist at the FCC
Its a Bruin. Marius Schwartz will replace Jonathan Baker as the new Chief Economist at the FCC. From the press release: Schwartz’s teaching and research specialties are in industrial organization, competition and regulation. Before joining Georgetown University, Schwartz served as Economics Director of Enforcement at the Antitrust Division of the U.S. Department of Justice and ... A New Chief Economist at the FCC
