Polluting Words: Is There a Coasean Case to Regulate Offensive Speech?
Introduction Economist Ronald Coase devoted an article in the 1974 edition of the American Economic Review to an idea he had observed to be common . . .
UK Payment System Regulator Market Reviews: Initial Concerns
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Ag-biotech merger symposium wrap-up
On Thursday, March 30, Friday March 31, and Monday April 3, Truth on the Market and the International Center for Law and Economics presented a blog symposium . . .
Google and the Limits of Antitrust
The antitrust landscape changed dramatically in the last decade. Within the last two years alone, the Department of Justice has held hearings on the appropriate scope of Section 2 of the Sherman Act and has issued, then repudiated, a comprehensive Report.
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UK Payment System Regulator Market Reviews: Initial Concerns
Introduction The UK Payment System Regulator (PSR) is currently in the process of conducting two market reviews related to card payments. One of the two . . .
Consumer Protection in the 21st Century
Executive Summary How do we know whether an apple we buy is safe to eat; whether the pound of butter on sale is really a . . .
The FTC’s UMC Policy Statement: Untethered from Consumer Welfare and the Rule of Reason
On Nov. 10, 2022, the Federal Trade Commission (FTC) issued a new policy statement regarding the scope of “unfair methods of competition” (UMC) under Section 5 of the FTC Act. The new statement fills the gap left by the Commission’s July 2021 rescission of its 2015 policy statement.
The Income Conundrum: Intent and Effects Analysis of Digital Discrimination
Section 60506 of the Infrastructure Investment and Jobs Act (“IIJA”)—signed by President Joe Biden on Nov. 15, 2021—requires the Federal Communications Commission (“FCC”) to adopt final rules facilitating equal access to broadband Internet.
Lessons for the US from Germany’s Sectoral-Bargaining Experience
Introduction Over the past few years, several pundits and politicians have proposed introduction of German-style “sectoral bargaining” in the United States. In such a system, . . .
A Worthy Import?: Examining the Advantages and Disadvantages of Sectoral Collective Bargaining in Germany
There is currently no formal legal mechanism by which to form sectoral collective-bargaining agreements in the United States. However, a political debate is now underway about whether this should change, with a specific focus on the hospitality industry and the so-called “gig” economy.
Guiding Principles & Legislative Checklist for Broadband Subsidies
President Joe Biden in November 2021 signed the Infrastructure Investment and Jobs Act. Among other provisions, the law allocated $42.45 billion toward last-mile broadband development, . . .
Central Banks and Real-Time Payments: Lessons from Brazil’s Pix
Introduction Real-time payments (RTP) are an increasingly popular means by which individuals can send credits from one account to another. Many banks have established internal . . .
Relevant Market in the Google AdTech Case
Digital advertising is the economic backbone of much of the Internet. But complaints have recently emerged from a number of quarters alleging the digital advertising market is monopolized by its largest participant: Google.