“Editing Reality With Both Hands…”
The post title is stolen from a commenter (Unit) at this post over at Austrian Economists. Delong’s comment editing practices (the selective editing even more . . .
“Editing Reality With Both Hands…”
Varney on RPM
I just saw this very good piece in The Deal from Sean Gates and Tej Srimushnam (Morrison & Foerster) on what Christine Varney’s appointment to . . .
“Equilibrium Decadence” in Law and Economics?
Here is Justin Wolfers discussing what Paul Krugman has called “equilibrium decadence” in the context of the current macro debate… Read the full piece here.
Why the Supreme Court was Correct to Deny Cert in Rambus
As TOTM readers are likely to know, the Supreme Court denied certiorari in Rambus, a course of action I had argued was the appropriate response . . .
Hello Chairman Leibowitz; Goodbye Chairman Kovacic
Here’s the press release. Congratulations to Chairman-to-be Leibowitz. I also note that this marks the end of Chairman’s Kovacic’s reign at the Commission. On a . . .
Unquestionably Correct?
An anonymous reader reminds me of the FTC Statement from Commissioners Harbour, Leibowitz and Rosch (but not Chairman Kovacic, who was recused) making the case . . .
Linkline Decision is Unanimous
The opinion is available here. Yet another super-majority Roberts Court antitrust decision applying consensus economic theory. No more price squeeze claims. Alcoa is not overturned. . . .
Competitive Resale Price Maintenance in the Absence of Free-Riding
I want to second Josh’s commendation of Ben Klein’s submission to the recent FTC Hearings on Resale Price Maintenance. Klein’s paper, which bears the same . . .
DOJ AAG Designate Christine Varney on Section 2, Europe, Google & A Puzzling Statement About Error Costs
Predicting what antitrust enforcement regimes in the current economic environment is a tricky business. I’ve done my best here. One probably cannot think of a . . .