Rural voters who voted for @realDonaldTrump must be thrilled. Government expenditure cuts are coming and does anyone in a rural area rely on the postal service any more?? wapo.st/4iE3tB4
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Fiona Scott Morton
30 posts
Supporters of @realDonaldTrump don’t mind tariffs. It’s what they voted for! And $4000 per household is a small price to pay. wapo.st/4eUvrFw
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Real #MAGA voters dont eat vegetables! If vegetables are in shortage or have high prices, imitate President Trump and eat hamburgers.
CALL TO ACTIVISM@CalltoActivism
Donald Trump announces he'll impose a 25% tariff on ALL products coming into the United States from Mexico and Canada on his first day in office. This is going to be a disaster of epic proportions for the cost of goods. We break it down here: 🧵
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Farmers voted for Trump. They can’t complain now - this is what deporting migrants looks like. It’s government doing what farmers asked for! reuters.com/world/us/us-fa…
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Fiona Scott Morton retweetledi
4. Trump wanted him. A majority wanted Trump. And this is a democracy! If most Americans wanted a criminal president, what’s wrong with a criminal attorney general?
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Real #MAGA men don’t mind tariffs to help @realDonaldTrump!! Get strong! The cost is only $4 thousand per household. Real men have real income and can afford 4k
LeftLaneLois 🐸🐸 I am with🐸🐸@lois_left
A trump 60% tariff on goods from China would raise prices on smartphones, laptops, video game consoles, basically everything electronic. Does anyone remember why Japan went to war with us in 1941?? Please repost & like to get my # up. Thk-U
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Fiona Scott Martin asserts (incorrectly imo) that the search engine market is such that only one search engine will exist, aka natural monopoly. #StiglerCenter24
GIF
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🚨🔥NEW PAPER🔥🚨
Hot off the press by Bob Lande, @RKSlaughterFTC, & I on “The Forgotten Anti-Monopoly Law.” We unearthed a long-dormant law, a potent ban on harmful M&A. I’m biased but it may be the most important #antitrust paper of the year. Short 🧵w/ highlights: (1/x)
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@Sherman1890 @randypicker @MauriceStucke ❤️ come join me! It feels good not to support this place.
nam12.safelinks.protection.outlook.com/?url=https%3A%…
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This piece is part of a small symposium on the new DOJ Apple case. Other pieces by @Sherman1890 @MauriceStucke and @ProfFionasm (who I think has departed Twitter for bluer climes).
ProMarket@ProMarket_org
NEW: @randypicker (Professor at @UChicagoLaw) reviews the context of @TheJusticeDept's lawsuit against Apple and the questions of merit and the competitive obligations of dominant firms driving the case. promarket.org/2024/04/02/the…
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@Sherman1890 @florianederer Please have this debate on Bluesky and I will participate
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@florianederer Of course its demonstrably untrue. 4 of the big tech platforms are among the top 20 annual patentees (out of 300 patent receiving entities). The laggard is Meta, at #42
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How is it possible that I've never seen this meme before?
Antitrust Memes 🔨 ⚖️@antitrustmemes
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@superwuster Indeed, I went back to the Yale Amazon article that no journalist ever fails to cite to see if the novel claims in it appear in the complaint... they don't. This is a standard MFN complaint that economists could have written for the FTC yrs ago & is v similar to the CA complaint.
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@superwuster in particular there is no predatory pricing claim. The idea in the article and house report is that A makes prices too low. The complaint does a 180 and says the conduct makes prices too high. Sounds like consumer welfare!
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Fiona Scott Morton retweetledi
Submit to the Highland Health Economics Symposium
June 4-6, 2023 in Oban, Scotland by March 1 abstracts (one page), or complete paper drafts if available to: HHES@terramedica.co.uk. Decisions by March 31. Organized by
@stparente @ProfFionasm @bradfowd1 #BobTown
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@CompetitionProf The monopoly profit on one side can be used to defend and expand the monopolist's market power (e.g. buy the entrant, contract to keep the entrant out, pay to lock up distribution channels, etc). This means that self-correction will be the exception not the rule.
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My reading of Easterbrook is that he accepted - timidly perhaps - that market self correction is context dependent to institutions, sectors, and technology. That’s my view anyway, and this requires re-examination as Padilla says, not revolution.
Herbert hovenkamp@Sherman1890
@CompetitionProf if so, impossibility theorems on both sides. I think the best approach is not to have a presumption in either direction. Since the 1980s the idea that markets self-correct is even more tenuous, and legal rules have proven to more than adept at limiting excessive condemnation.
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@johnnyryan what do you mean? Would breaking Meta up into 5 small Metas create data compliance? Would spinning off WhatsApp and Instagram create data compliance at Facebook.com?
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The Commission should anticipate that Meta will meet the test of systematic non-compliance in DMA Article 18(3). In view of the seriousness of the circumstances, the Commission should be fully prepared to use its powers to impose structural remedies at the earliest opportunity.
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Newly unsealed court documents reveal data anarchy at @Meta.
We've just sent the European Commission @vestager +@ThierryBreton @dreynders new material revealing Meta’s internal data systems
+how Meta infringes the new EU Digital Markets Act + GDPR
iccl.ie/news/unsealed-…
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@ProfFionasm @Sherman1890 . . . is simply not much of a shift. In fact, it’s not a shift at all — because the M&A activity in the market would not even change in response to CWS 2, imho. We will still see 1000s of mergers a year, and the dozen or two challenges made will be a drop in the bucket.
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I agree with these comments, but also believe the Merger Guidelines are overly focused on collusion-like practices (higher consumer prices or suppressed input/labor prices) at the expense of exclusion. I hope that is addressed in the next round. §7 is not limited in that way
Pallavi Guniganti@PGunigantiAT
@stevesalop @BilalKSayyed But the quoted tweet said the problem was “the consumer welfare standard — i.e., the only harm that matters is to consumer prices.” This isn’t what enforcers understood CW standard to mean. The 2010 HMG — cited in the publisher ruling — show that. twitter.com/PGunigantiAT/s…
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@musharbash_b @Sherman1890 That's what the Chicago School people have taught you and all journalists to think. But it's not true. We have many good tools to show harm but need courts or the law to adjust. One I know well: Illumina-Grail: ftc.gov/news-events/ne…
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@ProfFionasm @Sherman1890 I just don’t think y’all are grappling with the fact that there is, in fact, very little difference in practical impact on M&A activity between CWS 1 and CWS 2. Under CWS 1, you might block 6 mergers a year. Under CWS 2, you might block a couple dozen. But you’re still . . .
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