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We are a group of law professors and/or economists who teach and write in the business law area, broadly defined, and including especially antitrust, industrial organization and corporate law/corporate governance. We launched Truth on the Market in January 2006 to provide the metaphysical subjective truth on abstract, concrete and invisible markets throughout the civilized world (whatever that means). Authors: Eric Helland Geoffrey Manne Joshua Wright Larry Ribstein Mike Sykuta Paul Rubin Thom Lambert
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Truth on the Market

English - Economics, Law, Politics
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Truth on the Market · 3d ago

From the Thursday May 24 Wall Street Journal

In criticizing Governor Romney’s involvement with Bain Capital, President Obama commented both on private equity and on profit maximization.  Most of the comments I have seen dealt with the private equity.  I thought a comment on profit maximization was important as well. OPINION Updated May 23, 201
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Truth on the Market · 4d ago

New Technology in Europe

Last week the New York Times ran an article, “Building the Next Facebook a Tough Task in Europe“, by Eric Pfanner, discussing the lack of major high tech innovation in Europe.  Eric Pfanner discusses the importance of such investment, and then speculates on the reason for the lack of such innovation
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Truth on the Market · 5d ago

A Two-Tier Plan By Any Other Name?

Paul Fain has an interesting update today on the issue of two-tier pricing for California’s community college system. Santa Monica College rocked the boat in March when it announced plans to start using a two-tier pricing schedule that would charge higher tuition rates for high-demand courses. Santa
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Truth on the Market · 1W ago

New Online Submission Website For Supreme Court Economic Review

I am the co-editor of the Supreme Court Economic Review, a peer-review publication that is one of the country’s top-rated law and economics journals, along with my colleagues Todd Zywicki and Ilya Somin.  SCER, along with its publisher, the University of Chicago Press, have put together a new submis
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Truth on the Market · 1W ago

Hating Capitalism

One topic that has long interested me is the source of dislike or hatred of capitalism; my Southern Economics Journal article “Folk Economics” (ungated version)  dealt in part with this topic. Today’s New York Times has an op-ed, “Capitalists and Other Psychopaths” by William Deresiewicz, who has ta
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Truth on the Market · 1W ago

Richard Thaler on “Slippery Slopes”

In today’s New York Times, Richard Thaler argues that the Constitutional “slippery slope” argument in the Obamacare case (“Today health care, tomorrow broccoli”) is misguided.  This is a strange argument in this particular case.  We must remember that all of today’s commerce clause jurisprudence (wh
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Truth on the Market · 2W ago

When Is Deception an Antitrust Offense? The FTC’s Unorthodox Case Against Google

Last week, the FTC hired outside litigator Beth Wilkinson to lead an investigation into Google’s conduct, which some in the press have interpreted as a grave sign for the search company. The FTC is reportedly interested in pursuing Google under Section 5 of the FTC Act, which prohibits a firm from e
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Truth on the Market · 2W ago

AALS Section on Antitrust and Economic Regulation Call for Papers: Google and Antitrust

The AALS Section on Antitrust and Economic Regulation call for papers features a topic near and dear to my heart this year: Google and Antitrust.   Here is the announcement: Call for Papers Announcement AALS Section on Antitrust and Economic Regulation Google and Antitrust   2013 AALS Annual Meeting
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Truth on the Market · 2W ago

The Economics of Drip Pricing at the FTC

The FTC is having a conference in the economics of drip pricing: Drip pricing is a pricing technique in which firms advertise only part of a product’s price and reveal other charges later as the customer goes through the buying process. The additional charges can be mandatory charges, such as hotel
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Truth on the Market · 2W ago

Taxing Regulatory Failure

Last month, the IRS and the US Treasury Department issued proposed rules to implement a new tax on health insurance providers and self-insured groups. The tax is part of the Patient Protection and Affordable Care Act (ACA) and will be used to help fund the new Patient-Centered Outcomes Research Inst
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