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OpenMarket: Antitrust and Competition

  • STB Reauthorization Bill Threatens Rail Investment

    September 16, 2014

    The U.S. Senate Committee on Commerce, Science, and Transportation has scheduled a markup for tomorrow afternoon of the Surface Transportation Board (STB) Reauthorization Act (S.2777). If enacted, the bill (specifically, Section 14) would threaten much needed investment in railroad infrastructure and reverse three decades of progress on railroad regulation.

    Senate Commerce chair Sen. Jay Rockefeller (D-W.V.), irresponsibly joined by Sen. John Thune (R-S.D.), has for years sought to...

  • Duplicative New Affirmative-Action Rule Drives Up Taxpayer Costs and Restricts Competition

    August 20, 2014

    Does it make sense to require a park campground operator that has a few hundred employees at 120 different locations to come up with 120 separate affirmative-action plans, one for each site? Just because it also receives a measly $52,000 federal contract to clean bathrooms used by tourists (which it does very cheaply, at cost, in order to make its nearby concessions more attractive)?

    To any economist, the answer would be “no.” But to the Obama administration, the answer is “yes.” If a federal contractor gets $50,000 annually from the federal government, or “serves as a depository of Government funds in any amount” or has “government bills of lading” worth $50,000, it generally has to have a separate affirmative action plan for “each of its...

  • Antitrust Liberalization May Avert Need for Bailouts; Outdated Laws Deter Efficient Mergers

    December 14, 2008
    In early 2007, the economy was humming along and General Motors was considered to be in the process of a turnaround. To help stabilize itself, the company was considering buying its smaller, money-losing rival Chrysler.
  • Partnership or Payola?

    August 27, 2007
    Geeks get technology, but they don't always understand economics. John C. Dvorak, one of the brightest journalists in tech, has recognized many of the important economic factors effecting the tech industry, such as the Sarbanes-Oxley Act.  But on the latest episode (78) of Cranky Geeks, his weekly video review of tech news, Dvorak and the show's assembled guests lambaste studios for making deals with HD-DVD or Blu-Ray, going so far as to call the deals format payola. Is this a fair charge?

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