Truth on the Market’s goal is to provide the metaphysical subjective truth on abstract, concrete, and invisible markets throughout the civilized world. More specifically the blog offers commentary on law, business, economics and more.
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My friend and Missouri colleague, Mike Sykuta, sent me the following insightful comments about the expected Fiat/Chrysler deal: Today’s Wall Street Journal reports that Fiat is expected to announce a new partnership with Chrysler LLC that will, in the end, result in Fiat taking control of Chrysler....
Douglas Holtz-Eakin and my former George Mason colleague and Nobel Laureate Vernon Smith are in the WSJ today discussing the economic wisdom and constitutionality of ObamaCare. From the WSJ: The Obama administration defends the mandate on the ground that a person’s decision to not buy health...
From a pure antitrust perspective, the real story behind the DOJ’s Apple e-book investigation is the Division’s deep commitment to the view that Most-Favored-Nation (MFN) clauses are anticompetitive (see also here), no doubt spurred on at least in part by Chief Economist Fiona...
The DOJ’s recent press release on the Google/Motorola, Rockstar Bidco, and Apple/ Novell transactions struck me as a bit odd when I read it. As I’ve now had a bit of time to digest it, I’ve grown to really dislike it. For those who have not followed Jorge Contreras had an...
An interesting story in the WSJ Online today about American Insurance Group (AIG)’s use of a standard tax write-off and the political firestorm it is creating…all because the Washington establishment thought it could hide behind semantics during the bailout era. The benefits at issue...
A recent report notes that while Apple may be shifting away from Google Maps, Google remains the default search engine in Safari, and thus, remains the default search on a variety of Apple devices. Google competes vigorously for this right; indeed, competition among search engines drives the price...
Six months may not seem a great deal of time in the general business world, but in the Internet space it’s a lifetime as new websites, tools and features are introduced every day that change where and how users get and share information. The rise of Facebook is a great example: the social...
Forbes interviews my colleague and office neighbor David Schleicher on his new and very interesting paper, City Unplanning. This paper continues Schleicher’s interesting line of research on the law and economics of cities with a creative and powerful analysis of the political economy of...
One of the more significant papers in antitrust of late has been Professor Kaplow’s Why (Ever) Define Markets? Kaplow provocatively argues that the entire “market definition/ market share” paradigm of antitrust is misguided and beyond repair. Kaplow describes the exclusive role...
You can register here. From the website description: The popular press is full of reports of a renewed vigor in parts of our antitrust enforcement regime that address the conduct of leading firms. Investigations have been started or rumored against any number of firms near or at the top of various...