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Antitrust and the Theory of the Firm

Popular Media Josh has a nice post at Truth on the Market on the place of antitrust research and practice within the legal academy. “[C]ontrary to the conventional wisdom . . .

Josh has a nice post at Truth on the Market on the place of antitrust research and practice within the legal academy. “[C]ontrary to the conventional wisdom I hear from the legal academy, it is an incredibly exciting time to practice, think about, and write about antitrust issues. . . . I suspect that right now is one of the most intellectually active antitrust eras in history.” Josh proposes several hypotheses on the increasingly popularity of antitrust analysis in law schools and within the law-and-economics movement.

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Antitrust & Consumer Protection

“Goldman reports $1.8 billion profit”

TOTM Cnn.com tells us the good news that “Goldman reports $1.8 billion profit,” but the totality of the information in the cnn.com article strikes me as . . .

Cnn.com tells us the good news that “Goldman reports $1.8 billion profit,” but the totality of the information in the cnn.com article strikes me as mildly curious.

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Financial Regulation & Corporate Governance

Dont Call It A Comeback

TOTM When I came onto the job market in 2004, a number of advisers told me that I should not market myself as an “antitrust guy.”  . . .

When I came onto the job market in 2004, a number of advisers told me that I should not market myself as an “antitrust guy.”  The prevailing view on the job market was that “antitrust was dead.”  This perception was conveyed one way or another in interviews or conversations with folks in the legal academy.  The conventional wisdom was that nothing exciting had happened in the antitrust world since the Reagan era.  On top of that, the story goes, there were few important questions that remained to be answered and not only minor contributions left around the margins.  I ignored the advice at the time thanks to an uncle (and antitrust lawyer) who had turned me on to economics and antitrust in high school.  Truth be told I really didn’t want to study or write about anything else at the time and really wasn’t interested in saying otherwise.

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Antitrust & Consumer Protection

Is the Chicago School Really Dead? How Do You Know?

TOTM Answer: not by a long shot.  Not in the Supreme Court.  Not in the empirical economics literature.  But perhaps according to at least one FTC . . .

Answer: not by a long shot.  Not in the Supreme Court.  Not in the empirical economics literature.  But perhaps according to at least one FTC Commissioner in the new FTC annual report…

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Antitrust & Consumer Protection

Did the Chicago School Overshoot the Mark?

TOTM I’ve posted to SSRN a new essay entitled Overshot the Mark?  A Simple Explanation of the Chicago School’s Influence on Antitrust.  It is a book . . .

I’ve posted to SSRN a new essay entitled Overshot the Mark?  A Simple Explanation of the Chicago School’s Influence on Antitrust.  It is a book review of Robert Pitofsky’s recent volume How the Chicago School Overshot the Mark: The effect of Conservative Economic Analysis on U.S. Antitrust, and is forthcoming in Volume 5 of Competition Policy International.

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Antitrust & Consumer Protection

Professor Carrier’s Response

TOTM First of all, I would like to express my deepest gratitude to Josh Wright. Only because of Josh’s creativity and tireless, flawless execution did this blog symposium come about and run so smoothly.

First of all, I would like to express my deepest gratitude to Josh Wright. Only because of Josh’s creativity and tireless, flawless execution did this blog symposium come about and run so smoothly. I also would like to thank Dennis Crouch, who has generously cross-posted the symposium at PatentlyO. And I am grateful for the attention of the communities at TOTM and PatentlyO, which have patiently scrolled through countless pages and posts to learn about my book.

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Antitrust & Consumer Protection

Crouch on Carrier’s Innovation in the 21st Century

TOTM I am enjoying Professor Carrier’s new book Innovation in the 21st Century: Harnessing the Power of Intellectual Property and Antitrust Law. I will focus my discussion here on patent issues discussed in Part III of the book.

I am enjoying Professor Carrier’s new book Innovation in the 21st Century: Harnessing the Power of Intellectual Property and Antitrust Law. I will focus my discussion here on patent issues discussed in Part III of the book.

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Antitrust & Consumer Protection

Kieff on Carrier’s Innovation in the 21st Century

TOTM I, too, join the rest of the participants in congratulating Michael Carrier on this great book about this great topic.  I have enjoyed reading Michael’s work in the past and I enjoyed meeting him at a conference last year.

I, too, join the rest of the participants in congratulating Michael Carrier on this great book about this great topic.  I have enjoyed reading Michael’s work in the past and I enjoyed meeting him at a conference last year.  He is a wonderfully warm, bright, and engaging person.  Although I wish that I had more of an opportunity to fully read his impressive text before the date of this on-line symposium, I am grateful for the opportunity to read a great deal of the book and to at least skim the remainder.  The wonderful conference that Damien Geradin and his colleagues hosted on these same issues in Amsterdam these past few days was a pleasant distraction.  (For Damien’s conference click here).

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Antitrust & Consumer Protection

Frischmann on Carrier’s Innovation in the 21st Century

TOTM I enjoyed reading Mike’s book very much. It provides an excellent primer on antitrust, IP, and innovation.  He synthesizes the legal and economic foundations, contours, and controversies in an accessible fashion.

I enjoyed reading Mike’s book very much. It provides an excellent primer on antitrust, IP, and innovation.  He synthesizes the legal and economic foundations, contours, and controversies in an accessible fashion. I applaud him for doing this because frankly, it is tough to do given that the fields are quite technical and specialized.  The book really is appropriate for a general audience.  That said, I agree with some of the previous commentators that at times Mike oversimplifies some of the very heated debates he summarizes; given the breadth and complexity of issues, I cannot imagine how he wouldn’t do so.

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Antitrust & Consumer Protection