@stevesalop.bsky.social
Prof of Econ & Law Emeritus, Georgetown Law Antitrust & Competition, IO Econ, Law and Psych Post-Chicago & Still Evolving https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=68535 https://www.law.georgetown.edu/faculty/steven-c-salop/
#BlackHistoryMonth
This is the most relevant article to NIH and research cuts I’ve seen.
Imagine if this was today , how many people would be saying “Why are we studying Gila Monsters and their impact on diabetes ? That’s wasted money !”
globalnews.ca/news/9793403...
I’d appreciate comments. Will RPGs be next?
Here is a link to my new article on the raising rivals cost approach to the Robinson Patman Act. www.promarket.org/category/the...
Creating chaos is his brand
Must read article by Mark Lemley
It sounded like the FTC trial team did not think they had enough time. And on the webinar today, it sounded like they did not have the resources for experts. But given that, they probably should’ve dropped the count.
like the way the DOJ should’ve dropped AT&T/TW when they drew Judge Leon.
It’s too bad there’s not a small tax on emails to reduce the profitability of this type of scamming spam
I think that greater emphasis on refusing to justify anti-competitive effects on workers with benefits to downstream consumers is new. Regardless of whether it ever existed in the past.
Frog mating weekend
Does this mean that there is going to be an attempted coup either way? Or at least riots
Or given your field, if Boeing were to be acquired by Lockheed Martin
Yes. Or if Boeing wanted to acquire a jet engine producer or helicopter producer, or vice versa
For What Its Worth — it is forcing them to sell it, not shut it down. And whileI don’t really know anything about it, isn’t it possible that they are collecting sensitive data for the Chinese government? If people don’t trust musk , why trust them?
Yes. Duopoly. But where is the antitrust issue? Incompetence by itself does not violate the FTC Act.
Important study.
www.nytimes.com/2024/03/06/h...
If every older Democrat successfully explains to a younger person that retaining democracy by electing Biden is essential, then it will be. Trump is more entertaining but detention camps and revitalized Russia power will not be.
NEW: Critics of the Federal Trade Commission’s lawsuit last week to block the Kroger-Albertsons #merger claim that the agency incorrectly limits the relevant buyer-side market to unionized #grocery workers. @stevesalop.bsky.social argues that the critics are wrong: www.promarket.org/2024/03/06/t...
I'm amused at antitrust lawyers trying to treat the 5th Cir decision in Illumina/Grail as an FTC loss. The Court affirmed the FTC on anticompetitive effects -- a big Win. On the sufficiency of the Illumina's voluntary fix, the Court adopted Comm Wilsons approach, but she rejected that remedy.
You are really smart. Also pretty. And clever
Also — Of course, it can be confusing for unilateral effects or coordination that will deter price decreases (ie Cellophane fallacy)
You really can just treat competition from non-merging firms as possible constraints. See the way Posner wrote HCA. But I agree that the hypo monopoly test is useful where the allegation is that the merger would lead to coordinated effects.
Business and economic thought instituted at least since the Reagan Revolution in the US have promoted firms’ narrowly self-interested, profit-maximizing conduct. This paradigm leads to social distrust and insufficient cooperation, @stevesalop.bsky.social explains www.promarket.org/2024/02/13/w...
Fighting over Market definition is simply a way to avoid the real issues, which is why defendants and judges like it.
Mine is also antitrust law first principles. In Econ, I think it would be to start with utility functions, production functions, and assumptions about market interaction
Why has antitrust enforcement declined in the U.S. since the 1970s? Is it due to the preferences of voters, business influence, or an alternative explanation altogether?
@jbbecon.bsky.social critiques the big business capture theory and suggests an alternative.
www.promarket.org/2024/02/09/h...
Elon Musk as Milo Minderbinder -- selling Starlink to both Russian and Ukraine.\
www.defenseone.com/threats/2024...
