Spirit Airlines was supposed to be the competitor antitrust law saved. Instead, it may become the cautionary tale antitrust law cannot quite avoid. The carrier’s disappearance has transformed the JetBlue-Spirit …
Category:
Economy
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Two rocket companies walk into an antitrust review. They leave as a de facto monopoly. And somehow, the punchline may be that this was good for consumers, taxpayers, and maybe …
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One of the most persistent criticisms of law & economics is that it rests on unrealistic assumptions. Economic models often assume firms maximize profits, investors respond rationally to incentives, and …
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California has seen the future of work, and Sacramento’s first instinct is to convene 14 task forces about it. Gov. Gavin Newsom signed Executive Order N-6-26 today, setting California’s workforce …
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The Federal Trade Commission’s (FTC) rulemaking machinery is humming again. Is it being tuned for optimal performance—or revved for another trip into the ditch? Most of the current action has …
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Regulators keep warning that AI markets are about to be captured by Big Tech. The awkward fact is that AI markets keep refusing to cooperate. Several years into the generative-AI …
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The local news business has spent the past two decades being “saved” by people who mostly seem to want it embalmed. Every new shift in how Americans consume information—websites, social …
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The “reverse Robin Hood” hypothesis is back, wearing a fresh econometric hat and carrying a very large number. The claim is familiar: credit card rewards programs let affluent cardholders pick …
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Europe would like digital sovereignty to be a jurisdictional problem. It would be much easier for EU bureaucrats if the path to frontier AI ran through Brussels, could be secured …
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The government does not need to burn books when it can threaten licenses. Why bother with an inquisitor’s bonfire when a regulator’s raised eyebrow can do the trick? That is …