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Moneyball, GMU and the Future of Law and Economics
My colleague Ilya Somin insightfully defends against allegations of the death of Moneyball in baseball and legal academia — largely making the point that larger institutions with larger payrolls imitating the successful elements of the strategy. There is more there, so go read the whole thing as well as an interesting comment thread. Ilya points ... Moneyball, GMU and the Future of Law and Economics
Chicago, Neo-Chicago and Chicago Squared: A Comment from David Evans and Jorge Padilla
In a recent post, Josh jokingly offered a mathematical “proof” to demonstrate that the Neo-Chicago approach to antitrust was simply an extension of the basic Chicago School approach: Dan identifies the “Neo-Chicago School”, a term coined by David Evans and Jorge Padilla, as the optimal “third way.” Basically, the Neo-Chicago school is the combination of ... Chicago, Neo-Chicago and Chicago Squared: A Comment from David Evans and Jorge Padilla
EU Likely to Require A Browser Ballot Screen for Windows 7 in Europe
PLEASE READ THIS NOTICE BEFORE PROCEEDING: TOTM readers are encouraged at this point to pick among the following antitrust blogs for content before reading this post: Antitrust Review Antitrust & Competition Policy Antitrust Hotch Potch Global Competition Policy OK. I thought that woud be funnier than it was. Moving on. It looks like the old/new ... EU Likely to Require A Browser Ballot Screen for Windows 7 in Europe
Scholarship Links
Kobayashi and Ribstein on jurisdictional competition in LLCs Bainbridge on Shareholder Activism in the Obama Administration Co-blogger Thom Lambert’s review of Ribstein and O’Hara’s The Law Market Peter Leeson makes the case for bringing back the third cheer for capitalism Bill Page reviewing my own review (and Dan Crane’s) of Bob Pitofsky’s How the Chicago ... Scholarship Links
Jonathan Baker Named FCC Chief Economist
Congratulations to Jonathan Baker (Washington Colllege of Law, American University), who has been named Chief Economist at the Federal Communications Commission. Readers may recall that I predicted Professor Baker would return to the top economist spot over at the FTC. Missed it by one letter. Here is the press release: WASHINGTON, DC — Today, Federal ... Jonathan Baker Named FCC Chief Economist
Ovation Reconsidered: A Response to Commissioner Leary
I was very pleased to thumb through the newest version of Antitrust Magazine and see a TOTM post get some attention. Its always nice to be cited and have folks take the time to respond to your work — or in this case, blog post. Its even more tickling when the person doing the responding ... Ovation Reconsidered: A Response to Commissioner Leary
Some Antitrust Links
Fred Jenny and David Evans just published a new edited volume called Trustbusters which contains chapters from the heads or senior officials of many of the leading competition authorities around the world. You can download the introductory chapter here and you can order the book from Competition Policy International or from Amazon. Sports Law Blog’s ... Some Antitrust Links
Too Big To Fail as an Antitrust Concept
There has been a lot of talk recently about the possibility that lax antitrust gave rise to the financial crisis or that antitrust could be used as a proactive weapon to prevent mergers and acquisitions that would create entities “too big to fail.” George Priest recently took AAG Varney to task for suggesting that there ... Too Big To Fail as an Antitrust Concept
Let's Have New Section 2 Hearings!
Commissioner Rosch has offered a defense of the withdraw of the Section 2 Report. This is an important step and the Commissioner, who readers know I’ve criticized from time to time here, should be credited for laying out his specific objections to the Report. The objections are, in short, that the Report: Was “too ambitious” ... Let's Have New Section 2 Hearings!
We're Back
Dear Readers: We apologize for the inactivity over the last two weeks. We’ve been having some technical problems with the blog, but believe we now have them resolved. Look for a lot of activity here over the next few days as we try to make up for lost time! The Management
Whitman on Libertarian Paternalism and the Public-Private Distinction
Here’s a great post from Glen Whitman on libertarian paternalism as applied to mortgages and the housing market. Glen takes Richard Thaler to task for his NY Times piece discussing behavioral economics in the mortgage market and advocating defaults for “plain vanilla” mortgages. Glen’s primary beef is that Thaler ignores the distinction between private and ... Whitman on Libertarian Paternalism and the Public-Private Distinction
