Corporate & Securities Law

The Institutionalists? Reaction to Chamberlin?s Theory of Monopolistic Competition

Posted on April 27, 2009
Posted by D. Daniel Sokol Luca Fiorito (University of Palermo - Politics) discusses The Institutionalists? Reaction to Chamberlin?s Theory of Monopolistic Competition. ABSTRACT: Edwin Chamberlin's The Theory of Monopolistic Competition is often described as containing omportant traces of institutionalist influence...

9th Annual Loyola Antitrust Colloquium

Posted on April 27, 2009
Posted by D. Daniel Sokol This Friday I will participate in the 9th Annual Loyola Antitrust Colloquium. 9th Annual Loyola Antitrust Colloquium Friday, May 1, 2009 Loyola University Chicago School of Law 25 East Pearson Street Chicago IL. 60611 10th...

Entry in Collusive Markets: An Experimental Study

Posted on April 27, 2009
Posted by D. Daniel Sokol Marie Goppelsroeder, University of Amsterdam - Economics, has an interesting new paper on Entry in Collusive Markets: An Experimental Study. ABSTRACT: In this paper we present an experiment in which we test the effects of...

Chilean Congress Approves Reforms to Competition Law

Posted on April 26, 2009
Posted by D. Daniel Sokol Last week the Chilean Congress approved some major reforms to the Chilean competition system.

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Enforcement of Competition Law in CARICOM: Perspectives on Challenges to Meeting Regional and Multilateral Obligations

Posted on April 25, 2009
Posted by D. Daniel Sokol Delroy Beckford (Jamaica Fair Trading Commission) focuses on Enforcement of Competition Law in CARICOM: Perspectives on Challenges to Meeting Regional and Multilateral Obligations. ABSTRACT: The focus of this paper is to raise some issues that...

Margin Squeeze in the United States and in Europe: Stand Alone Abuse or Refusal to Deal?

Posted on April 24, 2009
Posted by D. Daniel Sokol Paolo Palmigiano (British Telecommunications) discusses Margin Squeeze in the United States and in Europe: Stand Alone Abuse or Refusal to Deal? ABSTRACT: A striking contrast between the two [United States and Europe] becomes obvious in...

Oldale to be Chief Economist at Competition Commission

Posted on April 24, 2009
Posted by D. Daniel Sokol Alison Oldale (LECG) has been named the new chief economist of the UK's Competition Commission.

Testing the Effectiveness of Regulation and Competition on Cable Television Rates

Posted on April 24, 2009
Posted by D. Daniel Sokol Mary T. Kelly (Economics, Villanova University School of Business) and John S. Ying (Economics, University of Delaware) present an empirical analysis of Testing the Effectiveness of Regulation and Competition on Cable Television Rates...

The Law and Economics of Innovation: Online Markets vs. Traditional Markets

Posted on April 24, 2009
Posted by D. Daniel Sokol The Law and Economics of Innovation: Online Markets vs. Traditional Markets Thursday, May 7, 2009 8:00 am - 8:45 am Registration & Continental Breakfast 8:45 am - 9:00 am Introductions 9:00 am - 9:30 am...

What You Need to Know About Twombly

Posted on April 23, 2009
Posted by D. Daniel Sokol David Evans (University of Chicago, University College London, LECG) provides us with What You Need to Know About Twombly. ABSTRACT: In Bell Atlantic v. Twombly the Supreme Court clarified what plaintiffs must plead for their...

Persistence of Monopoly and Research Specialization

Posted on April 23, 2009
Posted by D. Daniel Sokol Philipp Weinschenk (Max Planck Institute for Collective Goods) explains the Persistence of Monopoly and Research Specialization. ABSTRACT: We examine the persistence of monopolies in markets with innovations when the outcome of research is uncertain...

Regulation of Liberal Professions and Competition Policy: Developments in the EU and China

Posted on April 23, 2009
Posted by D. Daniel Sokol Niels J. Philipsen (Maastricht University) discusses the Regulation of Liberal Professions and Competition Policy: Developments in the EU and China in a forthcoming article. ABSTRACT: The regulation of professional services has been high on the...

Incomplete Regulation, Asymmetric Information and Collusion-Proofness

Posted on April 23, 2009
Posted by D. Daniel Sokol Marco Meireles (Universidade do Porto - Economics) and Paula Sarmento (Universidade do Porto - Economics) address Incomplete Regulation, Asymmetric Information and Collusion-Proofness in a new paper. ABSTRACT: In an incomplete regulation framework the Regulator cannot...

Predatory Bundling and the Exclusionary Standard

Posted on April 22, 2009
Posted by D. Daniel Sokol Shahar Dilbary (Alabama Law) addresses Predatory Bundling and the Exclusionary Standard. ABSTRACT: Recent decisions - all relying on a stylized example first provided by the Ortho court - hold that a multi-product seller that uses...

DOJ Antitrust Senior Leadership Announced

Posted on April 22, 2009
Posted by D. Daniel Sokol The news is now official - DOJ has named its top leadership antitrust team. The team includes: Sharis Arnold Pozen, Chief of Staff and Counsel--Before she came to the Department in February 2009, Pozen was...

Extraterritoriality, Antitrust, and the Pragmatist Style

Posted on April 22, 2009
Posted by D. Daniel Sokol Justin Desautels-Stein (Colorado - Law) has posted Extraterritoriality, Antitrust, and the Pragmatist Style. ABSTRACT: In the last decades of the 20th century, David Kennedy and Martti Koskenniemi made the case that the modern structure of...

Monopoly Building: Why the Justice Department Must Block the Ticketmaster/LiveNation Deal

Posted on April 22, 2009
Posted by D. Daniel Sokol David Balto (Center for American Progress) has posted Monopoly Building: Why the Justice Department Must Block the Ticketmaster/LiveNation Deal. ABSTRACT: By combining, Ticketmaster and Live Nation will create an entertainment giant that: Sells most of...

Private Enforcement of EU and National Competition Law

Posted on April 21, 2009
Posted by D. Daniel Sokol Ignacio Sancho Gargallo (Universitat Pompeu Fabra - Law) addresses Private Enforcement of EU and National Competition Law. ABSTRACT: Domestic ordinary courts within the EU Member States are empowered to hear cases concerning damages actions arisen...

International Antitrust Enforcement and Multi-Market Contact

Posted on April 21, 2009
Posted by D. Daniel Sokol Jay Pil Choi, Michigan State University - Department of Economics and Heiko A. Gerlach, University of Auckland - Department of Economics focus their latest work on International Antitrust Enforcement and Multi-Market Contact...

Television Duopoly in Small Markets

Posted on April 21, 2009
Posted by D. Daniel Sokol Matthew Spitzer (Southern California - Law) addresses Television Duopoly in Small Markets. ABSTRACT: This article will show that, in general, allowing merger in small television markets is good for diversity in local news and public...

Models, Mathematics and Critical Loss

Posted on April 21, 2009
Posted by D. Daniel Sokol Malcolm Coate (FTC) and Joe Simons (Paul Weiss) have a nice, short and accessible piece for antitrust practitioners on Models, Mathematics and Critical Loss. ABSTRACT: Critical Loss is an empirical implementation of the hypothetical monopolist...

Is the U.S. Supreme Court Giving a New Shape to Antitrust Law?

Posted on April 20, 2009
Posted by D. Daniel Sokol Francisco Marcos of Instituto de Empresa Business School (and a judge of the Tribunal de Defensa de la Competencia de la Comunidad de Madrid) asks Is the U.S. Supreme Court Giving a New Shape to...

Loyalty/Requirement Rebates and the AMC: What is the Appropriate Liability Standard?

Posted on April 20, 2009
Posted by D. Daniel Sokol Nicholas Economides of the Stern School of Business - NYU asks, Loyalty/Requirement Rebates and the AMC: What is the Appropriate Liability Standard? ABSTRACT: I discuss and assess the various standards for establishing liability for loyalty...

Are Price Squeezes Anticompetitive?

Posted on April 20, 2009
Posted by D. Daniel Sokol Aaron Panner (Kellogg, Huber) asks Are Price Squeezes Anticompetitive? ABSTRACT: Assume that Defendant is a monopolist at the upstream level; that it produces a product at the downstream level; and that it also sells the...

Evolution and Change in Antitrust Law Networks, Access, and 'Essential Facilities': From Terminal Railroad to Microsoft

Posted on April 20, 2009
Posted by D. Daniel Sokol Marina Lao of Seton Hall law School has posted the interesting Evolution and Change in Antitrust Law Networks, Access, and 'Essential Facilities': From Terminal Railroad to Microsoft. ABSTRACT: Microsoft's well-publicized antitrust troubles in the US...

Antitrust Transitions

Posted on April 17, 2009
Posted by D. Daniel Sokol Spencer Waller of Chicago Loyola Law School and Jennifer Woods of Chicago Loyola Law School review the Antitrust Section of the American Bar Association and the American Antitrust Institute reports for the Obama Administration in...

Margin Squeeze Abuses: The EU Perspective

Posted on April 17, 2009
Posted by D. Daniel Sokol Cecilio Madero (European Commission, DG Competition), Iratxe Gurpegui Ballesteros (European Commission, DG Competition) & Ana Malheiro (European Commission, DG Competition) describe Margin Squeeze Abuses: The EU Perspective. ABSTRACT: In the recent years, the European Commission...

The Google Book Search Settlement: A New Orphan-Works Monopoly?

Posted on April 17, 2009
Posted by D. Daniel Sokol Randy Picker of the University of Chicago Law School has just posted The Google Book Search Settlement: A New Orphan-Works Monopoly? This paper considers the proposed settlement agreement between Google and the Authors Guild relating...

Competition, the Crisis and the Road to Recovery

Posted on April 17, 2009
Posted by D. Daniel Sokol Neelie Kroes, European Commissioner for Competition Policy, recently gave a speech on Competition, the Crisis and the Road to Recovery.

Let Us Put Markets to the Service of the Good Society

Posted on April 16, 2009
Posted by D. Daniel Sokol An op-ed piece in the Financial Times on Tuesday suggests the need to make a break from Chicago School economics. Among the points raised are, "From the world of high finance to the local high...

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