Why Don’t Judges Appoint Experts in Antitrust Cases?
Judge Posner’s decision to appoint a expert in the patent dispute before him in the Seventh Circuit between Apple and Motorola has received some attention. . . .
Misusing a Decades-Old Law Isn’t the Way to Lower Drug Prices
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The shareholder wealth maximization myth
In a recent speech at the Netroots Nation, Senator Al Franken tried to frighten the crowd by trotting out the corporate bogeyman that greedily makes . . .
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 . . .
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Misusing a Decades-Old Law Isn’t the Way to Lower Drug Prices
More than two dozen members of Congress recently petitioned the Biden administration to upend America’s patent system – a move that could wreck our economy . . .
Association of Past and Future Paid Medical Malpractice Claims
Importance Many physicians believe that most medical malpractice claims are random events. This study assessed the association of prior paid claims (including a single prior . . .
ICLE Comments on FTC ANPR on Commercial Surveillance and Data Security
Executive Summary The Federal Trade Commission (“FTC”) has issued an Advanced Notice of Proposed Rulemaking (“ANPR”) on “Commercial Surveillance and Data Security,”[1] initiating a proceeding . . .
Inframarginal Externalities: COVID-19, Vaccines, and Universal Mandates
COVID-19 vaccine mandates are in place or being debated across the world. Standard neoclassical economics argues that the marginal social benefit from vaccination exceeds the . . .
COVID-19 Vaccine Effectiveness and the Evidence on Boosters: A Systematic Review (with Partial Evidence on the Omicron Variant)
Background. The need for COVID-19 vaccine booster shots is controversial. When boosters were under active review in the U.S. in 2021, Krause et al.[1] . . .
How Do Insurers Price Medical Malpractice Insurance?
We study the factors that predict medical malpractice (“med mal”) insurance premia, using national data from Medical Liability Monitor over 1990 to 2017. A . . .
Paid Medical Malpractice Claims: How Strongly Does the Past Predict the Future?
Using hazard analysis, we study whether various physician characteristics, including prior paid claim history, gender, specialty, years of experience, type of degree (M.D. versus . . .
Optimizing Cybersecurity Risk in Medical Cyber-Physical Devices
Medical devices are increasingly connected, both to cyber networks and to sensors collecting data from physical stimuli. These cyber-physical systems pose a new host . . .
Statement of R.J. Lehmann, Roundtable on Pandemic Risk
Opening Statement of R.J. Lehmann Editor-in-Chief and Senior Fellow International Center for Law & Economics “Roundtable on Pandemic Risk” Hosted by Ranking Member French Smith . . .