Showing results for: “sirius xm merger”
Schumer and the decline of New York
Six years ago Henry Butler and I wrote about what we called the Sarbanes-Oxley Debacle. Well, it’s still a debacle after all these years, and having significant effects on business and international competition. Yesterday’s WSJ opined, concerning the potential NYSE/Deutsche Borse merger that whoever ends up owning the iconic trading venue, the question is whether ... Schumer and the decline of New York
FTC Microeconomics Conference
The Fourth Annual FTC Microeconomics Conference is scheduled for November 3 and 4, 2011. Here is the call for papers: The Federal Trade Commission’s Bureau of Economics will host a two day conference to bring together scholars working in areas related to the FTC’s antitrust, consumer protection and public policy missions. Those areas include industrial ... FTC Microeconomics Conference
DOJ clears Google-ITA
The press release is here. Notably, the settlement obligates Google to continue product development and to license ITA software on commercially-reasonable terms, seemingly for 5 years. Frankly, I can’t imagine Google wouldn’t have done this anyway, so the settlement is not likely much of a binding constraint. Also notable is what the settlement doesn’t seem to ... DOJ clears Google-ITA
Type I errors in action, Google edition
Does anyone really still believe that the threat of antitrust enforcement doesn’t lead to undesirable caution on the part of potential defendants? Whatever you may think of the merits of the Google/ITA merger (and obviously I suspect the merits cut in favor of the merger), there can be no doubt that restraining Google’s (and other ... Type I errors in action, Google edition
Penn Law’s Wolff on Labor Issues and the Gay Community
University of Pennsylvania law professor Tobias Wolff says that if you’re gay, you should support expansive collective bargaining rights for labor unions. Writing at the Huffington Post, he recently identified the promotion of labor unions as “one of the most important priorities for our community at this moment,” and he urged gay people “to contribute ... Penn Law’s Wolff on Labor Issues and the Gay Community
Market Definition and the Merger Guidelines, Again
Do the 2010 Horizontal Merger Guidelines require market definition? Will the agencies define markets in cases they bring? Are they required to do so by the Guidelines? By the Clayton Act? Here is Commissioner Rosch in the FTC Annual Report (p.18): “A significant development in 2010 was the issuance of updated Horizontal Merger Guidelines by ... Market Definition and the Merger Guidelines, Again
Merger Retrospective
Several years ago, the DOJ cleared a merger between Whirlpool and Maytag. The primary defense was that post-merger prices could not rise because of intense competition from foreign competitors like LG and Samsung. Apparently the actual competition was more than Whirlpool wanted to bear. Guess What? Mr. Laissez-Faire Antitrust, meet Dr. Public Choice. The Wall ... Merger Retrospective
Smoothing Demand Kinks
One criticism of the unilateral effects analysis in the 2010 Merger Guidelines is that demand curves are kinked at the current price. A small increase in price will dramatically reduce the quantity demanded. One rationale for the kink is that people over-react to small price changes and dramatically reduce demand. As a result of this ... Smoothing Demand Kinks
No Facts, No Problem?
There has been, as is to be expected, plenty of casual analysis of the AT&T / T-Mobile merger to go around. As I mentioned, I think there are a number of interesting issues to be resolved in an investigation with access to the facts necessary to conduct the appropriate analysis. Annie Lowery’s piece in Slate ... No Facts, No Problem?
The AT&T and T-Mobile Merger
The big merger news is that AT&T is planning to acquire T-Mobile. From the AT&T press release: AT&T Inc. (NYSE: T) and Deutsche Telekom AG (FWB: DTE) today announced that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately ... The AT&T and T-Mobile Merger
The Dodd-Frank debacle, takeover edition
The so-called “Dodd-Frank Wall Street Reform and Consumer Protection Act” was supposed to fix the problems that led to the financial bust. Of course, that would require some understanding of what, exactly, those problems were, which Congress lacked. The Act did little to fix the credit raters or the derivatives market that surely had something ... The Dodd-Frank debacle, takeover edition
The iPad 2 and the E2
Professor B says: In the last week I used my iPad to: Watch QI on Youtube. Watch TV shows, movies, and music videos from my iTunes library. Online banking. Online shopping. Web access. WSJ. BBC. Dinner reservations over Open Table. Deer Hunter. Online poker. Document access via Dropbox. Document editing via Quick Office. IMDB. Twitter ... The iPad 2 and the E2
