Fiona Scott Morton @ProfFionasm
Professor of Economics, Yale School of Management. Primary research areas: competition, antitrust and healthcare; @[email protected] New Haven, CT Joined September 2017-
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I am on Bluesky , new competitor. Same handle. It’s great. Please quit here and join there.
Changes are being proposed that would seriously weaken the Digital Markets Competition and Consumers (DMCC) Bill. My Digital Competition Expert Panel colleagues and myself felt moved to send a letter to the PM to urge him to stand firm. on.ft.com/3FoWwkX
via @nytimes Google comms team gets bonus today! Msft market share listed and not theirs (both near 100); G partners described (hardware, apps) and not M’s. M was gateway to internet while G is not. The trial will be boring compared to M. Wow nytimes.com/2023/09/11/tec…
Later this week @Columbia_Biz is hosting a fascinating conference on non-market effects of market power (organized by @ProfFionasm , @andreapratnyc , @DFoarta and @bocowgill !) non-market.org/program
I am not posting here any more because I don’t feel like providing free content to enrich its owner. But I have interesting new observations about FTC antitrust enforcement newly up at Post.news, LinkedIn, and Mastodon social. Check them to read it!
Submit to the Highland Health Economics Symposium June 4-6, 2023 in Oban, Scotland by March 1 abstracts (one page), or complete paper drafts if available to: [email protected]. Decisions by March 31. Organized by @stparente @ProfFionasm @bradfowd1 #BobTown
Interesting background reading for insight into his/Cornerstone’s views on the HMG: nam12.safelinks.protection.outlook.com/?url=https%3A%…
You guys. Seriously. Go to Post. Get on the waitlist. I am checking every few days and it is getting to be a critical mass. I think this move can happen in the New Year.
Leaving twitter today. You can find me on mastodon (@[email protected], on linkedin under my name and (I hope) on Post news once the waiting list clears.
The verified brand situation is getting out of control. Quick thread of twitter blue brands, and brands who might be pissed off at Elon right about now.
Can Elon Musk buy Fox News next
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The GW Competition & .. @GWUCIL
68 Followers 96 Following The George Washington Competition & Innovation Lab gathers scholars to research issues of market competition and innovation
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Helena Bottemiller Ev.. @hbottemiller
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Int'l Ctr Law & Econ @LawEconCenter
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Tomoki Hayata @T_H_0123
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129 Followers 140 Following
Rich Siegel @RichardJSiegel
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76K Followers 801 Following Chair, Federal Trade Commission. Retweets, Follows, & Likes ≠ Endorsements.
Tim Wu @superwuster
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Jacques Crémer 🇺�.. @jcremer
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Austan Goolsbee @Austan_Goolsbee
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doug melamed @dougmelamed
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Rupprecht Podszun @ruppe_p
3K Followers 564 Following Professor for civil law & competition law @hhu_de Düsseldorf. Chair of @ASCOLAcomp & VP @heuss_stiftung. Kartellrecht & Wettbewerb. Media law KEK.So the FTC is rediscovering consumer welfare?
The most interesting thing about the FTC's Amazon complaint today is how non-exotic it is -- no fancy theories, just allegations of conduct that raise prices for consumers
A shift is happening within the EU. Once dominant, the liberal, pro-globalisation faction is losing ground to a French-led campaign for a more insular, less "naive" Europe. The fight over Fiona Scott Morton was a symptom of that. My column this week: economist.com/europe/2023/07…
The great @ameliafletecon presenting the Suzanne Scotchmer lecture at the @TSEinfo Digital Economics conference. She is speaking about the role of economics in the Digital Markets Act.
Compelling pitch for post.news by @seema_econ
I can't believe anybody would blame *regulation* for expensive wireless carrier service in the US when we had a highly concentrated industry and literally just waived through one of the most blatantly anticompetitive mergers of all time.
Being in the UK reminds me how expensive cell service is in USA. Uk: 100 GB data for $36. USA be lucky to get 20GB for that price. Regulation is a major source of the price gap. Biden could save families a lot on their cell service by deregulating, but won’t. 1/2
Padilla defends of a neoclassical model with no oligopoly nor monopolistic competition. Those who rejected or ignored those gave us the error-cost framework; he treats its opponents as "Neo-Brandeisian," but they are in fact mainstream. There's no middle ground in his model.
1- A 🧵 on Jorge Padilla's recent paper 'Neoclassical Competition Policy Without Apology' through dynamic competition 👓. All in all, the paper provides a good theoretical framework, but it leaves practical difficulties unresolved papers.ssrn.com/sol3/papers.cf….
@Noahpinion I mostly agree, but in retrospect we were wrong about quite a few antitrust issues.
TFW you just want a coffee but @steventberry really wants to consider what would happen if they opened another cafe next door
Let’s talk about the legal problems Elon just created for himself with this cruel new staff email. You’re fired if you don’t commit to long hours at high intensity within 24 hours? Let’s start with disabled workers.
We're just over one week away from Thanksgiving -- and I'm starting our stock while I plan this years menu. I'm going to have a more detailed thread later, but I wanted to make sure to share my thoughts from the past few years as people prepare for America's best holiday (1/5)
Small business group asks Congress to prioritize antitrust bill in lame duck thehill.com/policy/technol…
Russian recklessness knows no bounds. We stand with Poland & NATO allies. Supporting Ukraine is all the more vital.
BREAKING: A senior U.S. intelligence official says Russian missiles crossed into NATO member Poland, killing two people. A Polish government spokesman did not immediately confirm the information, but said leaders were meeting on "crisis situation." apnews.com/article/russia…
It’s going to be hard for regulators and so-called good actors to make the crypto space safe when the fundamental equilibrium price of the assets the entire edifice is built on is zero.
@DanWall55 @dougmelamed @ProfFionasm In my discussions with the press, I am shocked at the number of times that CW is simply identified uncritically with Bork. It's no wonder that so many people get it wrong.
“We have a distorted system for paying for drugs administered in a doctor’s office. The manufacturer chooses the price, and there is no system to pit one drug against the other to encourage physicians to choose the less expensive one.” — @ProfFionasm yalesom.io/3pYAhu9
One of your companies is under an FTC consent decree. Auto safety watchdog NHTSA is investigating another for killing people. And you’re spending your time picking fights online. Fix your companies. Or Congress will.
@SenMarkey @washingtonpost Perhaps it is because your real account sounds like a parody?
Also you can't use Bitcoin to buy anything except drugs and ransoms, so there's the question of why you would ever want any of it in the first place.
why would anyone say 1:1? These are ordinal measures. We can typically measure directions, but rarely amounts; nor is it necessary. An agreement "restrains trade" when it reduces the volume; we don't need to know the amount.
6/6 so the upshot it, work for Warnock just as hard as you could if you thought that Schumer's gavel depended on it. Because as far as you know, at some point in the next two years, it very well could.
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