Ronald H. Coase / Thomas W. Hazlett -- Aaron Director remembered / Stephen M. Stigler -- Aaron Director's influence on antitrust policy / Sam Peltzman -- George J. Stigler and his contributions to law and economics / Harold Demsetz -- The enduring contributions of Armen Alchian / Susan Woodward...

Economic analyses of antitrust institutions have thus far focused predominantly on optimal penalties and the design of substantive legal rules, and have largely ignored the standard of proof used in trials as a policy tool in shaping behavior. This neglected tool can play a unique role in the...

What is wrong with calls for search neutrality, especially those rooted in the notion of Internet search (or, more accurately, Google, the policy scolds’ bête noir of the day) as an “essential facility,” and necessitating government-mandated access? As others have noted, the basic concept...

For years, regulators and competition watchdogs have expressed concern about competition in the digital advertising business. They note that digital advertising appears to be dominated by a few dominant firms, such as Google, Facebook, and—to a lesser extent—Amazon. Some claim that this...

In this article we examine the merits the arguments furthered by the field of behavioral law and economics over credit card surcharge fees. Claims about the real-world application of behavioral economic theories should not be uncritically accepted — especially when advanced to challenge a...

In our submission, we argue that competition policy in the digital economy should be based on sound, theoretical underpinnings and rigorous, evidence-based analysis, best encapsulated in the “law and economics” approach. Despite many expressed fears to the contrary, digital markets are not...