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Imagine a world where government regulation of gasoline, justified by scarcity of supply, allowed 20% of the gasoline in the U.S. to be used for farming; 20% for manufacturing; 20% for home use; 20% for government; and another 20% held in reserve for future potential government uses. In this world, prices would regulate the use of gasoline within each(More)
The U.S. Department of Justice and the Federal Trade Commission recently updated their Horizontal Merger Guidelines,1 which build upon and replace the 1992 Guidelines.2 The revised Guidelines are the product of an extensive team effort at the Agencies that took place over roughly a year, under the leadership of Assistant Attorney General Christine Varney(More)
Networks Unplugged: Towards A Model of Compatibility Regulation Between Information Platforms This Article outlines a basic model for regulating interoperability between rival information platforms. In so doing, it insists that antitrust, intellectual property, and telecommunications regulation all must follow the same set of principles to facilitate(More)
What are the signs of healthy behavior in an innovative industry, such as the commercial Internet? This essay identifies patterns of healthy innovative conduct, that is, commercial behavior indicative of an innovative industry experiencing lower prices, new services, and gains in productivity. The essay illustrates how to observe such behavior in evolving(More)
What are the signs of healthy behavior in an innovative industry, such as the commercial Internet? This essay identifies patterns of healthy innovative conduct, that is, commercial behavior indicative of an innovative industry experiencing lower prices, new services, and gains in productivity. The essay illustrates how to observe such behavior in evolving(More)
I. ANTITRUST HISTORY ....................................................... 598 II. INNOVATION MARKETS .................................................... 601 III. STANDARD-SETTING ....................................................... 603 A. Breach and Deception ................................................. 603 B. The (Section) 5-Ton Elephant in the(More)
Directorate for Social, Behavioral & Economic Sciences: Law and Social Science Program (Award #0318513). Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of NSF. Assistance with the design of the study was provided by Perry Deess, Valerie Hans, Reid(More)