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Becker on Chicago’s Anti-Big Box Ordinance

TOTM Gary Becker has an important post on the political economy and economic consequences of Chicago’s Big Box ordinance which would raise the costs of using . . .

Gary Becker has an important post on the political economy and economic consequences of Chicago’s Big Box ordinance which would raise the costs of using low skilled labor for the affected retailers. The punchline is not surprising. It is a bad ordinance that “will hurt the very groups, African-Americans and other poor or lower middle class individuals, that supporters claim would be helped.” Here’s a taste of Becker’s analysis…

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Bill Henderson Responds: The Empirics of Affirmative Action, Part II

TOTM A few days ago I asked about where we stand on the empirics of affirmative action, and more specifically, Richard Sander’s well known result that . . .

A few days ago I asked about where we stand on the empirics of affirmative action, and more specifically, Richard Sander’s well known result that affirmative action at law schools harms blacks. I even called out folks who had been following the debate more closely…

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Where do We Stand on The Empirics of Affirmative Action?

TOTM Has the empirical question of whether affirmative action harms blacks been answered with a resounding no? Paul Butler thinks so. In a post about UCLA . . .

Has the empirical question of whether affirmative action harms blacks been answered with a resounding no? Paul Butler thinks so. In a post about UCLA Professor Richard Sander’s next installment of research, Butler writes…

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Organ Markets, Social Justice, and the Poor: A Reply to Professor Pasquale

TOTM Frank Pasquale at Madisonian is concerned that organ markets do not show enough concern for the poor. He writes… Read the full piece here.

Frank Pasquale at Madisonian is concerned that organ markets do not show enough concern for the poor. He writes…

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Innovation & the New Economy

Kinderstart Antitrust Claims Dismissed … For Now …

TOTM Google’s motion to dismiss Kinderstart’s claims has been granted with leave to amend all claims. Eric Goldman provides commentary, thoughts on the defamation claim, and . . .

Google’s motion to dismiss Kinderstart’s claims has been granted with leave to amend all claims. Eric Goldman provides commentary, thoughts on the defamation claim, and a link to the court’s order. As far as the antitrust claims go, I commented here that Google’s motion was likely to prevail…

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Antitrust & Consumer Protection

Jenkins channels Manne

TOTM Today’s WSJ has a great article by Holman Jenkins on reporting on the backdating “scandal.” Larry is, of course, on the case.  I would also . . .

Today’s WSJ has a great article by Holman Jenkins on reporting on the backdating “scandal.” Larry is, of course, on the case.  I would also — modestly — point out that much of what Jenkins says in his article today, I said in this space about four months ago, when the news was first breaking.

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Financial Regulation & Corporate Governance

Anabtawi on Spring-loaded Options

TOTM Over at Professor Bainbridge’s place, Iman Anabtawi has some thoughts on the granting of “spring-loaded” options, an option granted at a market price that does . . .

Over at Professor Bainbridge’s place, Iman Anabtawi has some thoughts on the granting of “spring-loaded” options, an option granted at a market price that does not incorporate some favorable non-public information, and insider trading laws.

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Financial Regulation & Corporate Governance

The Unconvincing Antitrust Case Against Wal-Mart

TOTM I recently picked up a copy of the July Harper’s Magazine to read an essay by Barry C. Lynn entitled, “Breaking the Chain: The Antitrust . . .

I recently picked up a copy of the July Harper’s Magazine to read an essay by Barry C. Lynn entitled, “Breaking the Chain: The Antitrust Case Against Wal-Mart.” If you can’t tell from the title, the basic point is that antitrust authorities should break up Wal-Mart and put an end to the immense havoc that the retail giant has caused the economy. There is very little in the way of actual analysis in the article. It is mostly hand waving about retail consolidation without economic coherence, with some dramatic parade-of-horribles-type hyberbole mixed in.

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Antitrust & Consumer Protection

Kinderstart v. Google Antitrust Coverage

TOTM Kinderstart.com has filed a suit against Google which includes an antitrust claim based on the theory that Google changed its ranking algorithm in a manner . . .

Kinderstart.com has filed a suit against Google which includes an antitrust claim based on the theory that Google changed its ranking algorithm in a manner that caused Kinderstart’s ranking to drop and revenues to plunge. HT: Antitrust Review. Eric Goldman has got this covered, including links to the complaint, analysis, Google’s motion to dismiss and related briefs, and the oral argument transcripts. The briefs and transcripts (antitrust arguments by Jonathan Jacobson at Wilson Sonsini) are well worth reading on the antitrust points.

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Antitrust & Consumer Protection