Showing archive for: “FTC”
The Case of the Missing Sale: The FTC’s Personalized-Pricing Blind Spot
Suppose a retailer charges $10 for a service. One customer values it at $11 and buys it. Another values it at $8 and walks away. The retailer sends the second customer a $3 coupon. She pays $7, gets something worth $8 to her, and the retailer makes a sale it otherwise would have missed. The ... The Case of the Missing Sale: The FTC’s Personalized-Pricing Blind Spot
Reserve Judgment: The FTC Takes on Amazon’s Ad Auctions
The price to beat in Amazon’s advertising auctions may not have come from another advertiser at all, according to a lawsuit filed Aug. 31 by the Federal Trade Commission (FTC). In the complaint, the FTC alleges that Amazon quietly set the price itself, promising one pricing rule and using another. That allegation could support a ... Reserve Judgment: The FTC Takes on Amazon’s Ad Auctions
Your Price May Vary: The FTC’s Personalized-Pricing Puzzle
A price that knows your name may be creepy. It may also be a bargain. That ambiguity sits at the heart of the Federal Trade Commission’s (FTC) proposed enforcement policy statement on personalized pricing, which opens with a candid admission: The practice is “not well understood,” and its effects on consumers remain “unclear.” That uncertainty ... Your Price May Vary: The FTC’s Personalized-Pricing Puzzle
A Fee Too Far: Merchants, Surcharges, and the War on Plastic
Earlier this summer, my family took a vacation to Ocean City, Maryland, where the boardwalk offered ice cream, souvenirs, and an unexpected lesson in payment economics. Every retailer we visited added a surcharge of at least 3% for credit-card payments, yet not one posted a sign. I discovered the charges only later, while checking my ... A Fee Too Far: Merchants, Surcharges, and the War on Plastic
The FTC’s AI Accuracy Statement Needs a Fact Check
A policy statement about accuracy should, at minimum, be precise. The Federal Trade Commission’s (FTC) Proposed Policy Statement Concerning the Suppression of Accuracy in Artificial Intelligence Systems (AI Policy Statement) struggles with that assignment. The International Center for Law & Economics (ICLE) submitted comments in response to the FTC’s request for input, and this post ... The FTC’s AI Accuracy Statement Needs a Fact Check
The SEARCH Act Copies Europe’s Homework—and Its Mistakes
Some in Congress want to make online search more competitive by deciding in advance how search competition should work. Sens. Amy Klobuchar (D-Minn.) and Eric Schmitt (R-Mo.) introduced the Securing Enforcement of Americans’ Right to Competition at Home (SEARCH) Act earlier this month. Billed as a bipartisan effort to protect consumers and curb Big Tech’s ... The SEARCH Act Copies Europe’s Homework—and Its Mistakes
Much Ado About Removal: The Supreme Court, the FTC, and the End of Independent-ish Agencies
For roughly 90 years, Humphrey’s Executor had been the constitutional law equivalent of a load-bearing antique: an awkward, if still functioning, architectural kludge, much admired in certain circles, but increasingly hard to rationalize. Earlier this week, finally, the U.S. Supreme Court replaced it. In Trump v. Slaughter, the Court overruled that 1935 opinion. The president ... Much Ado About Removal: The Supreme Court, the FTC, and the End of Independent-ish Agencies
AICOA Rises from the Grave, Still Looking for a Theory of Harm
AICOA is back from the dead, and this time it has learned a few new tricks—mostly how to lower liability thresholds, raise defense burdens, and keep treating “Big Tech” as if capitalization were a theory of harm. The American Innovation and Choice Online Act has failed twice before. Its latest incarnation is not so much ... AICOA Rises from the Grave, Still Looking for a Theory of Harm
Gotta Catch ’Em All? Antitrust and the AI Talent Wars
The AI talent wars have produced a steady stream of stories that seem tailor-made to confirm everyone’s worst suspicions about Big Tech: nine-figure pay packages for star researchers, entire startup teams absorbed without a formal acquisition, and—most strikingly—reports of elite AI scientists paid handsomely to do nothing for a year under “garden leave” arrangements rather ... Gotta Catch ’Em All? Antitrust and the AI Talent Wars
Government by Raised Eyebrow: The JAWBONE Act and the Problem of Censorship by Proxy
The easiest way for the government to censor speech is not always to ban it. Sometimes, it is to find someone else with a hand on the switch. That is the problem at the center of the current debate over free speech in the digital age. For years, the public argument focused on whether private ... Government by Raised Eyebrow: The JAWBONE Act and the Problem of Censorship by Proxy
The FTC’s Robinson-Patman Hangover
There is no special virtue in seeing a bad case through to the bitter end. At some point, persistence looks less like principle and more like a sunk cost with a docket number. Last week, I wrote about the Federal Trade Commission’s (FTC’s) appeal in FTC v. Meta Platforms. The appeal seems to me a ... The FTC’s Robinson-Patman Hangover
The FTC’s Sunk-Cost Social Network
The first rule of holes is supposed to be: stop digging. The sunk-cost fallacy is realized when we keep digging anyway—and then call it resolve. We—people—often have a hard time letting a bad thing go. That’s true even for those who are well acquainted with the sunk-cost fallacy and should know better. I’ve been there. ... The FTC’s Sunk-Cost Social Network
