The frontier AI race’s latest safety proposal would have the leading contenders agree on how fast to run. Antitrust law has a less flattering name for that arrangement: a cartel. …
Category:
Economy
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I’ve criticized plenty of private antitrust cases. This may be the first in which the plaintiffs sued to stop a genuinely bad idea—and I still think they should lose. That …
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ChatGPT can draft a memo, plan a trip, and search the web. As of Aug. 31, it can add another line to its regulatory résumé: The European Commission has designated …
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Booking.com wanted to become a one-stop shop for a traveler’s entire journey. European regulators saw a different itinerary: a one-way trip to deeper dominance. In a closely watched Sept. 9 …
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Competition policy is supposed to protect the competitive process, not do double-duty as price regulation. Yet the line between the two appears to be blurring in both a U.S. antitrust …
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Economy
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
Economists and lawyers know that almost every contract is incomplete. Contracts routinely omit or leave undefined important terms, and they rarely anticipate every circumstance that might frustrate performance. The reason …
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New York City has found an unlikely culprit for unsafe deliveries: the name on a driver’s paycheck. Its proposed cure would force Amazon to bring thousands of drivers in-house. The …
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First, “Uber” became a verb. Now, in parts of Africa, it is becoming past tense. The company’s withdrawal from Nigeria and Uganda complicates one of competition policy’s favorite storylines: U.S. …
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The price to beat in Amazon’s advertising auctions may not have come from another advertiser at all, according to a lawsuit filed Aug. 31 by the Federal Trade Commission (FTC). …
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Farmers have won the right to repair—at least, if they own John Deere equipment. In July, the Federal Trade Commission (FTC) announced a settlement requiring Deere to give farmers and …