Showing archive for: “”
The Future of Law and Economics Part 2: Mathematics, Retailing L&E, and Detachment
In my previous post, I sketched out some trends in the Law & Economics movement in recent years. Specifically, I’ve focused on the trends towards increasing mathematical formality and specialization within economics as a stand alone discipline. The post triggered some thoughtful responses from Larry Solum and Larry Ribstein for which I am grateful. I ... The Future of Law and Economics Part 2: Mathematics, Retailing L&E, and Detachment
The Future of Law and Economics, Part 1
I’m very interested in the history, the present, and the future of the law and economics methodology and movement. Recently, I’ve been giving some thought to the direction of the movement, especially as it currently exists in the legal academy. Some of my thinking has been inspired by this post from Larry Ribstein, the comments ... The Future of Law and Economics, Part 1
How Should Competition Policy Be Taught?
Harvard’s Einer Elhauge answers the titular question in the newest issue of Competition Policy International, in response to a review of his new textbook Global Antitrust Law and Economics (with Damien Geradin) at the newly revamped Global Competition Policy website. The response essay is less about the particulars of the book than it is about ... How Should Competition Policy Be Taught?
Nudge at Cato
Speaking of Nudge, Cato is holding a book forum on Cass Sunstein and Richard Thaler’s new book on May 1 which will feature Sunstein, and comments from Will Wilkinson and my colleague Terrence Chorvat. Registration is free and you can also watch the event live at the link above.
Happy 94th Birthday Armen Alchian!
I wrote this brief post awhile back, and forgot to post it on April 12th, Armen’s 94th birthday. I’m late. But better late then never they say. On Armen Alchian’s 94th birthday, it seems appropriate to reflect on some of his contributions to economics and economic analysis of the law. Armen has been described as ... Happy 94th Birthday Armen Alchian!
Some Economics Links
James Pethokoukis at US News reports on interviews with chief economic advisers Austan Goolsbee and Douglas Holtz-Eakin. Brian Leiter is pleased to point out a study showing that while both groups are in the top 3, Philosophy majors outperform Economics majors on the LSAT. Leiter also gets in a playful dig, noting that the study ... Some Economics Links
Big Antitrust News: Rambus Overturned
The D.C. Circuit’s opinion is available here. Here is one of the key passages explaining the D.C. Circuit’s logic: To the extent that the ruling (which simply reversed a grant of dismissal) rested on the argument that deceit lured the SSO away from non-proprietary technology, see id., it cannot help the Commission in view of ... Big Antitrust News: Rambus Overturned
Nudge
Sunstein and Thaler have a series of posts over at Volokh Consipiracy on their new book Nudge, which expands on their notion of libertarian paternalism (see here, here , here and here). Something in the most recent post caught my eye. In preparing to respond to various objections to libertarian paternalism, Sunstein argues that this ... Nudge
The "New" Issue of JLE is Online
The new issue of the Journal of Law & Economics is available online. This is an exciting development for me because the issue includes my paper with Ben Klein on The Economics of Slotting Contracts (SSRN version available here), and because it has been a very long wait to see the paper in final form ... The "New" Issue of JLE is Online
The Economics of Post-Merger Product Repositioning
Amit Gandhi, Luke Froeb, Steven Tschantz and Gregory Werden have published “Post-Merger Product Repositioning” in the Journal of Industrial Economics. (HT: Luke). The critical insight is that the conventional unilateral effect incentive to raise prices post-merger is offset by the incentive to “separate” in product space. Here is the abstract: This paper analyzes the effects ... The Economics of Post-Merger Product Repositioning
"Leegin is a triumph of pragmatism"
That is what Judge Posner has to say about Leegin in his new book, How Judges Think. I’m only a few chapters in, but so far, its a fascinating read. I’ll probably blog some more about parts of the book later. In particular, I’ve been thinking recently about how the complexity of substantive antitrust analysis ... "Leegin is a triumph of pragmatism"
GE "Slashes" Earnings: Free Advice from Nowicki for GE Exec. Jeffrey Immelt!
The Financial Times reported yesterday that an embarrassed GE CEO Jeffrey Immelt had to tell GE shareholders that the 10% growth in earnings for 2008 that he had promised analysts in March was not going to be possible. GE missed its quarterly forecasts and halved its 2008 forecast to 5% growth in earnings (as opposed ... GE "Slashes" Earnings: Free Advice from Nowicki for GE Exec. Jeffrey Immelt!
