Showing Latest Publications

DOJ Stumbling Out Of The Gate On Antitrust In Ag

TOTM Wednesday, April 7, J.P. Stadtmueller, U.S. District Court Judge for the Eastern District of Wisconsin, gave the green light for DOJ’s antitrust case against Dean . . .

Wednesday, April 7, J.P. Stadtmueller, U.S. District Court Judge for the Eastern District of Wisconsin, gave the green light for DOJ’s antitrust case against Dean Foods to move forward. Dean had filed a motion to dismiss based on its assertion that the DOJ had failed to provide sufficient evidence to support the DOJ’s antitrust claim and had failed to provide a sufficiently specific definition of the relevant market in which the anti-competitive effects were alleged to exist.  Stadtmueller concludes his ruling by stating…

Read the full piece here

Continue reading
Antitrust & Consumer Protection

Will The Google-AdMob Merger ‘Leverage Google’s Dominance’?

Popular Media News items continue to pile up suggesting that the FTC is likely to challenge Google’s acquisition of mobile application and website advertising provider, AdMob. See this . . .

News items continue to pile up suggesting that the FTC is likely to challenge Google’s acquisition of mobile application and website advertising provider, AdMob. See this recent article from the Wall Street Journal and this from Yahoo!, for example.

Read the full piece here
Continue reading
Antitrust & Consumer Protection

The Dangers of Letting Someone Else Decide

Popular Media I don’t think I suffer from any phobias (heck, I’m not even afraid of clowns, though some would argue that suggests a lack of prudence . . .

I don’t think I suffer from any phobias (heck, I’m not even afraid of clowns, though some would argue that suggests a lack of prudence on my part).  I’m not sure Professors Whitman and Rizzo do either, despite Professor Thaler’s gentle ribbing.  While Whitman can surely defend himself, I can’t resist pointing out that Thaler’s example of Prohibition is illustrative of Whitman’s point.

Read the full piece here.

Continue reading
Financial Regulation & Corporate Governance

The Economics of Celebrity Endorsements

TOTM Bob Greene (CNN) argues that celebrity endorsements are meaningless.  Worse than that, according to Greene, celebrity endorsements necessarily amount to a raw deal for consumers… . . .

Bob Greene (CNN) argues that celebrity endorsements are meaningless.  Worse than that, according to Greene, celebrity endorsements necessarily amount to a raw deal for consumers…

Read the full piece here

Continue reading

The New DOJ: Lessons Learned From the Ticketmaster Live Nation Decision

Popular Media The Obama administration’s announcement yesterday to approve, with some modifications, the merger between Live Nation and Ticketmaster marked a fittingly undramatic end to what many . . .

The Obama administration’s announcement yesterday to approve, with some modifications, the merger between Live Nation and Ticketmaster marked a fittingly undramatic end to what many hoped would be the watershed to a new economic policy. The administration’s decision instead reflected a commitment to principle over politics and pragmatism over populism.

Continue reading
Antitrust & Consumer Protection

Antitrust Exam Question: Do the Major Institutional Investors Have an Antitrust Problem?

TOTM The Wall Street Journal is reporting that major institutional investors — CalPERS, CalSTRS, the Teacher Retirement System of Texas, etc. — have collectively adopted a . . .

The Wall Street Journal is reporting that major institutional investors — CalPERS, CalSTRS, the Teacher Retirement System of Texas, etc. — have collectively adopted a set of recommended practices that is “rankling” private equity firms. Had I not discussed the article in my Antitrust class, I’d use it as the basis for an exam question. Here are the basics…

Read the full piece here

Continue reading
Antitrust & Consumer Protection

‘So when you listen to economists, you’re listening to amateurs’

TOTM So says David Zaring over at the Conglomerate — at least when it comes to the topic of regulation.  I don’t buy it.   Anyway, here’s . . .

So says David Zaring over at the Conglomerate — at least when it comes to the topic of regulation.  I don’t buy it.   Anyway, here’s the complete quote for context…

Read the full piece here

Continue reading
Financial Regulation & Corporate Governance

They Don’t Call It Stimulus No More

Popular Media Despite the debate raging over whether the $787 billion “stimulus package” passed by Congress in February 2009 worked, the argument is over: the Obama Administration . . .

Despite the debate raging over whether the $787 billion “stimulus package” passed by Congress in February 2009 worked, the argument is over: the Obama Administration has capitulated. And it was on display in the President’s signing ceremony last week for the next round of federal economic elixirs. No government official dared to call the $18 billion spending package anything but a “jobs bill.”

Read the full piece here.

Continue reading
Innovation & the New Economy

The Market Responds

TOTM The final vote hasn’t even been taken to “fix” the omnibus (or ominous) health care “reform” legislation that President Obama signed into law this week, . . .

The final vote hasn’t even been taken to “fix” the omnibus (or ominous) health care “reform” legislation that President Obama signed into law this week, and already the first volley of the market’s response has been sounded.  Today’s Wall Street Journal Online reports that “Prices of most Treasury notes and bonds were lower after relatively tepid demand … sending the 10-year note’s yield to its highest level since June.”

Read the full piece here

Continue reading