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"The Economics on Which the Law and Economics Movement Relies Is Ideology, Not Science" by Mark Glick, Gabriel Lozada, and Darren Bush (And the science more readily supports the LPE movement) cc: @lpeblog.bsky.social www.thesling.org/the-economic...
The Economics on Which the Law and Economics Movement Relies Is Ideology, Not Science - The SlingThe notion of efficiency that undergirds Law and Economics is a zombie ideological economic concept.www.thesling.orgGavin Sicard analyzes whether prediction markets outperformed an educated guess, as proxied by The Athletic subscribers, when it came to predicting the winner of World Cup matches. www.thesling.org/prediction-m...
Prediction Markets Outperform The Athletic Subscribers at the World Cup - The SlingPolymarket and Kalshi correctly predicted the winner of more World Cup matches than The Athletic’s Pick’em poll.www.thesling.orgNew on The Sling: The Labor Harm of the Paramount/WB merger. "Hollywood’s Labor Market Just Lost a Bidder, and Nobody in Washington Noticed" by Ahmad Abid and Devesh Ray Check it out! www.thesling.org/hollywoods-l...
Hollywood’s Labor Market Just Lost a Bidder, and Nobody in Washington Noticed - The SlingWhile writers and directors could be harmed indirectly via a reduction of shows, there is a direct pathway to labor harm.www.thesling.orgYou can pre-order Spencer's book here! www.bloomsbury.com/us/power-and...
www.bloomsbury.comHal SingerIn the latest episode of The Slingshot, we interview @sweberwaller.bsky.social about his soon-to-be-released book, "Power and Greed: Monopolies, Mergers, and Cartels on the American Stage." And by American Stage, we're talking broadway and other live entertainment. www.thesling.org/video/slings...
Carter Dougherty has a new post on @theslingutah.bsky.social: "Visa and Mastercard: The Original Gangsters of Electronic Collusion." Check it out! www.thesling.org/visa-and-mas...
Visa and Mastercard: The Original Gangsters of Electronic Collusion - The SlingPending legislation would force Visa and Mastercard to compete for merchant business and crack the cartel they’ve formed with banks.www.thesling.orgA Spiritless Post Mortem by Darren Bush. (No, Biden's DOJ isn't the cause of Spirit's demise). But there's plenty of blame to go around for the state of the airline industry. Darren thanks @halsinger.bsky.social for insightful comments. www.thesling.org/spiritless-p...
Spiritless Port Mortem - The SlingTo stymie future merger enforcement, neoliberals falsely blamed Spirit’s demise on Biden’s Justice Department.www.thesling.orgThe term "populist" is often misused. Bruce Palmer, a history professor emeritus at the UH Clear Lake, and author of “Man Over Money: The Southern Populist Critique of American Capitalism,” offers a description of the original populists. www.thesling.org/reclaiming-t...
Reclaiming the Original Meaning of “Populist” - The SlingProgressives should refute the false memory reflected in the widespread use of “populist” to refer to conspiracy-minded, anti-democratic, and anti-labor factions.www.thesling.orgWhat's the difference between the protect competition standard and the consumer welfare standard? Well, Utah Project's Mark Glick, Gabriel Lozada, and Darren Bush have some answers. www.ineteconomics.org/perspectives...
The New Merger Guidelines: Consumer Welfare vs. Protecting Competition StandardsShould antitrust law focus primarily on measurable performance outcomes such as price and output as indicated by Robert Bork's Consumer Welfare Standard? Or is it more important to concentrate on whet...www.ineteconomics.orgIn the Sling, @leehepner.bsky.social discusses "How to Overturn a Corrupt Merger Settlement." Check it out! www.thesling.org/how-to-overt...
How To Overturn a Corrupt Merger Settlement - The SlingWill HPE-Juniper mark the first successful use of the Tunney Act in its half century history?www.thesling.orgSenator Klobuchar's Tunney Act Amendment Press Release: www.klobuchar.senate.gov/public/index...
After Weak Live Nation-Ticketmaster Antitrust Deal, Klobuchar Introduces Legislation to Ensure Antitrust Settlements Benefit Consumers, Workers, and Small Businesses—Not Special InterestsLegislation is supported by antitrust enforcers from both sides of the aisle Companion legislation is being introduced in the House by Judiciary Committee Ranking Member Jamie Raskin WASHINGTON &nd...www.klobuchar.senate.govDarren Bush thanks @halsinger.bsky.social for his comments and edits to this piece.
The SlingThe Tunney Act bill introduced by Senator Klobuchar is out! Darren Bush, who has written about the Tunney Act for decades, has some thoughts: www.thesling.org/why-voters-s...
The Tunney Act bill introduced by Senator Klobuchar is out! Darren Bush, who has written about the Tunney Act for decades, has some thoughts: www.thesling.org/why-voters-s...
If you want to see the difference between Blue Sky and X starkly contrasted, read the replies to my post there and compare to here. x.com/TheSlingUtah...
x.comAre @ezraklein.bsky.social and @dkthomp.bsky.social right on "abundance?" Is GDP a good measure for welfare? TL:DR-No. What really matters (both in terms of empirics and ethical theory) is distribution. Glick, Lozada, and Bush describe the literature and the data. papers.ssrn.com/sol3/papers....
In The Sling today, @HalSinger has some thoughts and a Reply to Shapiro’s and Yurukoglu’s “Trends in Competition in the United States." Check it out! www.thesling.org/a-celebratio...
A Celebration of Concentration: Reply to Shapiro’s and Yurukoglu’s “Trends in Competition in the United States” - The SlingYou don’t have to be an economist to recognize that we are living through an era of diminished competition. You simply must open your eyes and ears. And wallet. Whether paying for airline tickets, gro...www.thesling.orgSandeep Vaheesan argues in @TheSlingUtah that antitrust enforcers should challenge large-scale union-busting and other lawbreaking using the Sherman and FTC Acts. Check it out! www.thesling.org/union-bustin...
Union-Busting as an Unfair Method of Competition - The SlingMonopolization comes in many flavors. As we have seen over the years, firms use assorted and creative methods to acquire or maintain dominant positions. Exclusive dealing, predatory pricing, and tying...www.thesling.orgCheck out @wagesofwins.bsky.social's new piece in @TheSlingUtah. "Can Private Equity Save Athletics at the University of Utah?" www.thesling.org/can-private-...
Can Private Equity Save Athletics at the University of Utah? - The SlingIn December, Dennis Romboy and Art Raymond of Deseret News reported that the University of Utah’s board of trustees approved a first-of-its-kind private equity deal between the school and Otro Capital...www.thesling.orgIn the latest Slingshot Podcast, @halsinger.bsky.social and Darren Bush interview @basel.bsky.social on all things eggs, beef, housing, and abundance. Check it out! www.thesling.org/video/slings...
Slingshot Episode 27 - The SlingBasel Musharbash of the Antimonopoly Counsel explains the cause of skyrocketing prices for groceries and housing.www.thesling.orgNew in @theslingutah.bsky.social, @halsinger.bsky.social and Jacob Linger examines how antitrust enforcers and courts will think about market definition in the pending Netflix-Warner Brothers merger. www.thesling.org/the-netflix-...
The Netflix-Warner Brothers Merger Would Harm Streaming Subscribers. It Should Be Blocked. - The SlingWarner Bros. Discovery (“Warner Brothers”) announced on Wednesday that it is poised to reject a takeover bid by Paramount, clearing the way for Netflix to acquire Warner Brother’s studio and subscript...www.thesling.org