Suppose you get a $1,000 payment. How much do you spend? Before answering, we’d want to know a few things: Is this a one-time payment? The first of many? Can you borrow? Do you already have savings?
This year’s Nobel
Truth on the Market is a blog published by Truth on the Market that explores the intersection of law, economics, and policy. It covers topics such as institutional frameworks for trade and enforcement, competition law with a focus on EU regulations, sports governance and its legal-economic implications, broadcasting and media regulation including FCC policies, and challenges in antitrust analysis of digital and streaming markets. The blog discusses how economic theory informs legal rules and enforcement, the role of private and public institutions in market regulation, and the evolving legal landscape in areas like vertical restraints, market definition, and platform economics.
Suppose you get a $1,000 payment. How much do you spend? Before answering, we’d want to know a few things: Is this a one-time payment? The first of many? Can you borrow? Do you already have savings?
This year’s Nobel…
Everyone wants the next medical breakthrough. Few want the bill. The United States pays a disproportionate share of the cost of pharmaceutical innovation, while other wealthy countries hold down medicine prices and count on the research to keep coming.
Yet…
The Federal Trade Commission (FTC) has settled a wine-and-spirits case, and its press release reads like a victory toast. The two commissioners who approved the deal write as if they’d rather send the bottle back. Consumers might want to check…
A trade deal can lower tariffs and yet still leave the hardest barriers untouched. The shipment clears customs, but the supplier cannot get a license, bid for a government contract, or compete with a subsidized state firm. The border is…
Washington has a standard playbook when it comes to emerging commercial risks: Make companies buy insurance coverage, then put taxpayers behind the losses. That prescription is gaining fans as artificial intelligence (AI) creates new liability risks. It skips the question…
The wave of artificial intelligence (AI) partnerships and “acqui-hires”—deals to acquire a company’s talent—has reached Brazil. The tribunal of Brazil’s Administrative Council for Economic Defense (CADE) decided its first batch of such cases involving large technology firms and AI startups…
America’s wireless future is on hold, pending another study. Federal agencies control much of the spectrum needed to build it—and the process for opening those frequencies rewards incumbents for taking their time.
Sustaining U.S. leadership in wireless technology requires more…
The European Commission’s proposed EU KIDS Act would bar children under 15 from creating or using accounts on certain social-networking and video-sharing services, with a guardian-controlled option for 13- and 14-year-olds. It would also require providers to build broader safety…
The Federal Trade Commission (FTC) wants to stop impersonation scams. Fair enough. But calling a new regulatory venture an “update” doesn’t make it one, and spotting a real problem doesn’t tell you which rules—if any—will solve it. A little more…
New Jersey lawmakers have found a way to spare small grocers the sting of missing out on a discount: make suppliers think twice about offering one to anybody. If a cereal maker gives Walmart a better deal than a corner…