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http://promarket.org 17-01-2016 00:04:16
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NEW: Herbert hovenkamp writes that the court presiding over the Google Ad Tech case gave the government an important win. However, by relying on the per se tying rule instead of rule of reason, the court perpetuated a flawed court precedent that can preclude serious market analysis


NEW: Aaron Edlin (UC Berkeley Law) and Carl Shapiro (Haas School of Business) respond to FTC Chairman Andrew Ferguson’s keynote speech at #StiglerAntitrust25. They explain why Ferguson’s approach to regulating content moderation policies of major social media platforms threatens the exercise


NEW: Read an excerpt from Michael Posner’s (NYU Stern Center for Business and Human Rights) recent book, "Conscience Incorporated: Pursue Profits While Protecting Human Rights," reprinted with permission from NYU Press. ms.spr.ly/6010Srgs2





How do we make decisions about when to trust science? Read the full transcript of Stanford Medicine professor John Ioannidis’s keynote address and conversation with Stefano Feltri on bias, expertise, and trust in science at the #StiglerAntitrust25 Conference on ProMarket:


NEW: Populist leaders like US President Donald Trump are challenging the authority of independent technocrats and judges. In new research, Gabriele Gratton (UNSW Economics) and Jacob Edenhofer 🇪🇺 🇺🇦 (Oxford Politics and IR) show how such backlash is a predictable development.



NEW: Melissa Newham (D-MTEC ETH Zurich) reviews how investors can alter the incentives and behavior of pharmaceutical companies to reduce competition and consumer welfare through common ownership and “rollup” deals. ms.spr.ly/6011SwPTJ

A recent paper co-authored by several Stigler Center-affiliated scholars, including @BarriosEcon, Joshua Levy, Shashank Singh, Tommaso Valletti, and Zingales discussed how conflicts of interest impact the trustworthiness of economics research. Together with UCL Centre for Law, Economics & Society (CLES),



NEW: Read an excerpt from Joan C. Williams’s new book, “Outclassed: How the Left Lost the Working Class and How to Win Them Back,” now out at St. Martin's Press. ms.spr.ly/6019SiqM7

NEW: Congress is considering eliminating the Public Company Accounting Oversight Board, the independent federal agency that “audits the auditors.” Karthik Ramanna (Blavatnik School of Government) and Nemit Shroff (MIT Sloan School of Management) write that elimination of the PCAOB would be a strategic blunder that
