The following transcript has been lightly edited. Thibault Schrepel Welcome, everyone. I am delighted to be joined today by Vernon Smith, who is a Professor appointed to the School of Business and Economics, and the School of Law at Chapman University. Vernon was awarded the 2002 Nobel Prize in Economic Sciences for his work in...Read More
Welcome to Crane’s Cartel, a trimonthly series where University of Michigan law professor Daniel Crane engages in hard-core mind-fixing. **** The Robinson-Patman Act was enacted in 1936 amid New Deal fervor against the power of chain stores, particularly the hegemonic Great Atlantic and Pacific Tea Company (“A&P”). Among its provisions was a prohibition on price...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by Carl Shapiro, Professor at Berkeley Haas and Berkeley Department of Economics. **** Over the past several years, we have witnessed a vigorous push to regulate the Big Tech companies, especially Amazon, Apple, Facebook and Google. In the European Union,...Read More
The number of lists documenting the best tech podcasts is almost infinite. This list is specifically designed for social scientists – lawyers, economists, political scientists, complexity theorists, etc. I hope it helps. Yours truly, Thibault Schrepel *** Acquired Spotify | Apple Podcast | YouTube | Website What? Why?: “Acquired tells the stories of great companies. The...Read More
The relationship between Web2 giants and Web3 projects is “complicated.” More than complicated, the relationship is complex. Web2 giants and Web3 projects cooperate and they compete. In “The Complex Relationship Between Web2 Giants and Web3 Projects”, I untangle their relationship, explore their distinct value propositions, and draw the lines of what could be one of tomorrow’s new...Read More
I am pleased to be sharing 12 videos discussing how to implement computational antitrust, the challenges, and potential the field creates. These videos present what the U.S. Department of Justice is doing in the space, question the future of due process in antitrust litigation, discuss the robustness of machine learning to detect big-rigging, show how...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by Alan J. Meese, Ball Professor of Law and Dean’s Faculty Fellow and Director at the William & Mary Center for the Study of Law and Markets. **** The Curse of Bigness sketches Tim Wu’s NeoBrandeisian vision. Wu invokes Learned Hand’s assertion...Read More
The recently published Digital Markets Act (Regulation 2022/1925) applies to gatekeepers providing a “core platform service.” “[O]nline social networking services” are listed as one of these services (article 2); social media services are not. Chances are the Commission considers them to be the same thing—at least for the purpose of this regulation—but they are not. The difference...Read More
Welcome to Crane’s Cartel, a trimonthly series where University of Michigan law professor Daniel Crane engages in hard-core mind-fixing. **** For those observing American politics from abroad, the headline from the 2022 midterm elections was that the predicted “red wave” did not happen. The Republicans narrowly retook the House of Representatives but failed to re-take...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by William H. Page, Marshall M. Criser Eminent Scholar Emeritus, University of Florida Levin College of Law, and John E. Lopatka, A. Robert Noll Distinguished Professor of Law, Penn State Law. **** In a recent article, we examine the relationship between the...Read More
I am thrilled to announce the 2nd edition of the Stanford CodeX Computational Antitrust Project annual conference. We have a fantastic lineup of speakers waiting for you to discuss antitrust 3.0. Antitrust agencies from over 65 countries, top academics, and practitioners will discuss advances in the field for what promises to be a groundbreaking conversation. Join...Read More
The subject of killer acquisitions is capturing the ever-increasing attention of antitrust scholars and agencies. Several reasons explain this trend, but how frequent are killer acquisitions in practice? Prof. Schrepel waves in.Read More
"How Do Vertical Mergers Affect Innovation? Learning from Illumina", this month's guest contribution by Daniel F. Spulber, Professor of International Business, Strategy, and Law at Northwestern University. Spoiler alert: there does not appear to be empirical evidence that vertical mergers diminish innovation and harm competition.Read More
In the pending case of FTC v. Facebook, the Government alleges price increases for the “free” service. In this zero-price offering, the FTC argues that effective prices have been increased by Facebook by relaxing rules that protect against the use of personal information. These instances have not led to observed declines in quantities demanded (for...Read More
