A tribute to Nobel Prize winner Jean Tirole leads off, then 2 very contrary views on Amazon, the Supreme Court’s look at state action immunity, and a parting shot by Commissioner Almunia. Plus more on Google, monopolies, health-related matters, EU cohesion, fortune-telling, and a hard look at the proliferation of global competition authorities.
A Tribute to Jean Tirole, Winner of the 2014 Nobel Prize in Economic Science As the Academy recognized, there is a central theme in Jean’s work on such a diverse set of topics: “The best regulation or competition policy should … be carefully adapted to every industry’s specific conditions.” Richard Schmalensee (Global Economics Group)
Amazon’s Monopsony is Not O.K. Amazon.com, the giant online retailer, has too much power, and it uses that power in ways that hurt America. Paul Krugman (N.Y. Times)
Microsoft’s Android Anathema The latest volley in Microsoft’s tiresome and ironic campaign to bludgeon Google with the same regulatory club once used against Microsoft itself is the company’s effort to foment an Android-related antitrust case in Europe. Geoffrey Manne (Chillin’ Competition)
Three Cheers for ‘Creative Monopolies’ All Innovators have temporary market dominance. Peter Thiel knows this; so does Antonin Scalia. Too bad most lawyers and economists don’t. L. Gordon Crovitz (W.S.J.)
Promoting healthy competition in health IT markets FTC staff, together with our ONC partners, will continue to pay close attention to developments in health IT markets. Tara Isa Koslov, Markus Meier, & David Schmidt (FTC’s Competition Matters)
Guest Post by Dr. Markus Röhrig on Review of EU Enforcement System There is clearly scope, and a need, to improve the companies’ rights of defense with respect to dawn raids, and it may also be the right time to strengthen the companies’ protection against self-incrimination. Robert Connolly (Cartel Capers)
Antitrust Police Proliferate Around the Globe Merger policing is also a way for some newer jurisdictions to extract fees and concessions from deal makers, some legal observers say. Brent Kendall (Wall Street Journal)
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