
John Mark Newman
1.5K posts

John Mark Newman
@johnmarknewman
Antitrust expert. Prof @Memphis Law. Fmr: prof @MiamiLaw, Deputy Director of FTC Bureau of Competition, trial atty @ U.S. DOJ Antitrust Division.
Miami, FL Beigetreten Eylül 2019
689 Folgt4.5K Follower

@lawprofblawg @neil_chilson "But I mixed my labor with the soil!" I cried, as the crowd of strangers continued to congregate in my living room.
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@neil_chilson Before property law, I really had a hard time keeping people out of my house.
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I wonder what creates property rights and structures markets.
#Satire
Neil Chilson ⤴️⬆️🆙📈 🚀@neil_chilson
Fixed this for 'em:
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@BalanceCrafting Thanks for the update; I was literally just thinking about this case today... It's my Roman Empire.
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Doorskin monopolist JELD-WEN finally comes to its senses & GIVES UP on latest appeal attempt
Right outcome, doctrinally useful decisions along way (supported by DOJ statement of interest)
But
An indictment of antitrust law/procedure that it took a DECADE to reverse 3->2 merger

Laurel@BalanceCrafting
Livestream for oral argument happening now in this absurd appeal where JELD-WEN is trying to undo a *completed* divestiture that cured a 3->2 merger youtube.com/live/7kdqjNOvD…
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@Sherman1890 That's right. But I'd think of the quasi-per-se rule for tying, with its various required proof elements (market power, coercion, size of effect, etc.), as something more like a PNB-style presumption, which we do have for horizontal mergers.
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@johnmarknewman We can debate that; but we certainly don't have a per se rule against mergers, where fewer than 1% are challenged.
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@johnmarknewman Nice piece. Isn't the per se tying rule an example of lawless antitrust? Congress spoke to tying only in §3 Clayton Act, which requires proof of anticompetitive effects and was written in response to Henry holding that Sherman Act did not reach tying at all.
John Mark Newman@johnmarknewman
@EpicGames @Apple Okay, back at it and skipping down to the Conclusions of Law. If anyone wants an example of what I call "lawless antitrust," here you go: "Binding precedent says I must do this, but I am not going to do it."
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@Sherman1890 ... that a lot of justification analysis actually happens under the surface in the "separate products" test.
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@Sherman1890 It's pretty close! Section 1 tying cases are not easy to win these days. The two formal differences are (1) no need to prove likely/actual anticompetitive effects (in the sense of price/output effects), and (2) no procompetitive justifications analysis. Tho' I'm of the view
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@Sherman1890 ... a restraint that "affect[s]" a substantial amount of commerce, and (after Jeff. Parish) that the tie was "coercive" in its effect. Given that, I don't see the quasi-per se rule as unlawful antitrust. It comports pretty well with both text and statutory purpose/policy.
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@Sherman1890 Second, more broadly, even cases at the highwater mark of the "per se" rule on tying--I'd nominate N. Pac. R. Co. (1958)--begin with the statutory text, walk through applicable precedent, and in general engage in a law-like process. They require proof of market power, plus...
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@darkstarsats Hi, hope all's well. That's Canva. I don't think ChatGPT is this capable yet when it comes to correctly integrating a bunch of text with an image. (Though I may be wrong about that.)
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@johnmarknewman pretty hilarious to host a pro-worker event with a clearly chatgpt-generated flyer.
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#Antitrust Event Alert: “Countervailing Power: Antimonopoly for Workers” in Memphis on May 15. Along with my co-organizer Eric Posner (UChicago), we've assembled a rockstar lineup of speakers. Free to attend. RSVP via QR code below.
Short 🧵 on panel topics follows: ⏬ (1/3)

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@HawAllensworth @HalSinger @Econ_Marshall @ShaoulSussman @MaxMMillerAT @UditThakur_ @SladeBond Oh, and here's a URL to RSVP for those of us who don't use a smartphone: forms.gle/jUf3HX2bNCgUgx…
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@Sherman1890 @PGunigantiAT Quite an interesting set of allegations, and interesting to see it move forward despite the D.D.C. decision in FTC v. Meta.
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About to join a lively panel conversation on course-of-conduct monopolization, a/k/a "monopoly broth". Free to the public here: americanbar.org/events-cle/mtg…
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