Showing archive for: “Music Industry”
Meese & Richman on Ticketmaster/ Live Nation
Alan Meese (William and Mary) and Barak Richman (Duke), have an op-ed over at the Huffington Post on the Ticketmaster Live nation merger and settlement. They frame the DOJ decision to approve the merger as a victory of principle over politics and economic populism. Here is an excerpt: Many hoped that the Live Nation-Ticketmaster merger ... Meese & Richman on Ticketmaster/ Live Nation
"In the long run, my friend, it's your theory that's dead"
Russ Roberts’ brilliant and eagerly-awaited Keynes vs. Hayek rap video is here. It’s the best economics pop music since Merle Hazzard. Here are the lyrics: We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason ... "In the long run, my friend, it's your theory that's dead"
Henry Manne on Henderson on "Art and Politics"
Comes now a comment from the incomparable Henry Manne on my earlier post about whether I should buy “Sandinista!” by the Clash (See, Art and Politics post): “It is truly déjà vu all over again, and the doubling up is appropriate because the issue I have reference to took place mainly at the University of ... Henry Manne on Henderson on "Art and Politics"
Art and Politics
When I first met my father in law, he spent hours trying to convince me of the cultural superiority of his tastes. Some of these were indeed triumphs. I’m thinking here of “Dr. Strangelove,” “The 400 Blows,” and the music of Richard Wagner. (Others were not. I’m thinking here of “Children of Paradise,” a movie ... Art and Politics
Some Links
Larry Ribstein on exempting small firms from SOX Bernie Sanders’ “Too Big to Fail, Too Big to Exist” Bill (but see here) More Professor Birdthistle on Jones v. Harris Michael Ward on the economics of H1N1 (here, here and here) Lots of blogging on the meat market — but I’ve seen nobody discuss what I ... Some Links
Is Apple Dumb?
The Economist seems to think so, relying on evidence from this new paper by Joel Waldfogel and Ben Shiller. Waldfogel and Shiller find that, relative to uniform pricing at $.99, alternative pricing schemes including two part tariffs and various bundling schemes could raise producer surplus by somewhere between 17 and 30 percent. Those are large ... Is Apple Dumb?
Should Antitrust Exempt Joint Monopsony Conduct to Countervail Monopoly?
Geoff and Josh raise an interesting issue about collective market conduct by buyers. Suppose that a group of final consumers face a monopolist. Should the consumers be permitted to band together into an “association” to jointly negotiate a lower price from the monopolist? Some would say that such buyer “cooperatives” are permitted, whereas others would ... Should Antitrust Exempt Joint Monopsony Conduct to Countervail Monopoly?
Lambert's Latest on RPM in the William and Mary Law Review
The law and economics of RPM have been a frequent topic of discussion here for Thom and I especially, ranging from the empirical evidence on RPM, to competitive resale price maintenance without free riding, to the inappropriate use of the term “price-fixing” by journalists some who should know better to describe RPM, to the Commission’s ... Lambert's Latest on RPM in the William and Mary Law Review
"We're Kinda Worried About the Monopoly Thing"
That’s from Firefox chief software architect Mike Connor in an interview with PCPro. Here’s an excerpt suggesting that Mozilla fears that its recent success might lead to antitrust liability in the United States or elsewhere: Firefox has only just tipped past the 20% mark in worldwide browser market share, and is still a long way ... "We're Kinda Worried About the Monopoly Thing"
IP Colloquium: Statutory Damages and the Tenenbaum Litigation
Over at Doug Lichtman’s IP Colloquium, there is a new (and what looks to be very interesting) program up on the Tenenbaum file-sharing litigation. Here’s the description: Joel Tenenbaum looks a lot like every other defendant who has been accused by the music industry of illegally sharing copyrighted work online, but with one key difference: ... IP Colloquium: Statutory Damages and the Tenenbaum Litigation
The Boss Settles It
Is the Ticketmaster/Live Nation merger anticompetitive? Does it present an opportunity to test whether the DOJ will adopt the evasion of constraint theory of monopolization which I’ve criticized? These are academic questions. The matter has been settled by the Boss: A final point for now: the one thing that would make the current ticket situation ... The Boss Settles It
More Evasion of Pricing Constraints as Antitrust Violations: Vertical Merger Edition
I’ve criticized elsewhere what appears to the the FTC’s new “evasion of pricing constraint” theory of monopolization emerging from Ovation (see also here), N-Data, and Rambus. I expressed some concern that this theory had no limiting principles and was detached in important ways from sound economics: Here are a few examples of conduct the FTC ... More Evasion of Pricing Constraints as Antitrust Violations: Vertical Merger Edition
