COVID-19, Ghost Flights, and Emerging Property Rights in Airport Slots
One of the most visible economic effects of the COVID-19 spread is the decrease in airline customers. Alec Stapp alerted me to the recent outrage . . .
COVID-19, Ghost Flights, and Emerging Property Rights in Airport Slots
Subsidies to ‘Flatten the Curve’
Trying to quarantine everyone until a vaccine is available doesn’t seem feasible. In addition, restrictions mainly delay when the epidemic explodes, e.g., see previous post . . .
Subsidies to “Flatten the Curve”
Trying to quarantine everyone until a vaccine is available doesn’t seem feasible. In addition, restrictions mainly delay when the epidemic explodes, e.g., see previous post . . .
There Is No Cure for Government Incompetence
The pandemic is serious. COVID-19 will overwhelm our hospitals. It might break our entire healthcare system. To keep the number of deaths in the low . . .
What Does ‘Flattening the Curve’ Mean?
Policy makers are using the term to describe the effects of social distancing and travel restrictions. In this post, we use a cellular automata model of infection . . .
Rybnicek: The Draft Vertical Merger Guidelines Would Do More Harm Than Good
In an area where it may seem that agreement is rare, there is near universal agreement on the benefits of withdrawing the DOJ’s 1984 Non-Horizontal . . .
Werden and Froeb: The Conspicuous Silences of the Proposed Vertical Merger Guidelines
The proposed Vertical Merger Guidelines provide little practical guidance, especially on the key issue of what would lead one of the Agencies to determine that . . .
Wright, Ginsburg, Lipsky and Yun: Connecting Vertical Merger Guidelines to Sound Economics
After much anticipation, the Department of Justice Antitrust Division and the Federal Trade Commission released a draft of the Vertical Merger Guidelines (VMGs) on January . . .
Hovenkamp: The Draft Vertical Merger Guidelines Are an Important Step for the Economic Analysis of Mergers
In its 2019 AT&T/Time-Warner merger decision the D.C. Circuit Court of Appeals mentioned something that antitrust enforcers have known for years: We need a new . . .