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One Merger, Three Verdicts: Market Definition, Box-Office Shares, and Bargaining Power
The Paramount–Warner merger produced three sharply different regulatory responses. The Department of Justice cleared it. The European Commission clea…
2 months, 2 weeks ago
Age of AI—Episode 3: When Messy Data Meets Machine Intelligence
Economic analysis starts with data. Unfortunately, real-world data is rarely clean. In this episode we discuss how artificial intelligence is changin…
2 months, 2 weeks ago
One Merger, Three Answers: What Do Market Shares Really Measure?
The Justice Department has approved the merger of Paramount and Warner. The European Commission cleared the deal with a slim remedy. A number of stat…
2 months, 2 weeks ago
Why Did the Egg Cartel End in a Civil Settlement?
Most people think if authorities catch a cartel, there will be criminal convictions. Competition law in fact offers several tools for enforcement. Th…
2 months, 3 weeks ago
Age of AI—Episode 2.5: The Symmetric Loop: AI Slop and the Future of Academic Research
AI may initially overwhelm academia with more papers, faster analyses, and polished but predictable prose. Yet that may be only a transitional phase.…
2 months, 3 weeks ago
Price Discrimination and Railroad Competition
The simple argument is this: rail competes with trucking, and therefore the relevant market is all freight transportation. If so, then mergers of rai…
3 months ago
Age of AI — Episode 2: When Models Meet Reality: AI and the Future of Economic Analysis
Economic models are powerful—but only if their underlying assumptions are valid. In this episode we explore how artificial intelligence is changing t…
3 months ago
Age of AI — Episode 2: Can AI Test Economic Models Better Than Humans?
All economic models contain assumptions. But what if those assumptions change? In Episode 2 of the Age of AI series, we explore how economists are us…
3 months ago
They Built an 87-Camera Surveillance State to Stop Cheating. It Ruined Them.
What happens when a criminal conspiracy treats trust as an engineering problem? According to a recently unsealed DOJ indictment, four major shipping …
3 months, 1 week ago
Age of AI—Episode 1: Merger Enforcement Is Changing—And AI Is Accelerating It
Most people think merger enforcement is decided in court.
The data show a different pattern.
Across the United States and the European Union, an increa…
3 months, 1 week ago