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In this episode of Ruled by Reason, guest host Roger Noll, Professor of Economics, Emeritus, at Stanford University and AAI Advisor sits down with Erik Hovenkamp to chat about his award-winning article The Antitrust Duty to Deal in the Age of Big Tech” (131 Yale L.J. 1483 (2022)). Professor Hovenkamp is Assistant Professor at the USC Gould School of Law. His article argues that the law on exclusive dealing has failed to distinguish between “primary” and “secondary” refusals to deal. The article explains that the suffocating evidentiary requirements imposed on refusal to deal claims should not be applied to secondary refusals to deal because they do not implicate the same innovation concerns that motivate suspicion of “primary” refusal to deal claims. Instead, Hovenkamp argues that secondary refusal to deal claims should be evaluated analogously to tying or related vertical restraints. Antitrust scholarship that is considered and selected for the Jerry S. Cohen Award reflects a concern for principles of economic justice, the dispersal of economic power, the maintenance of effective limitations upon economic power or the federal statutes designed to protect society from various forms of anticompetitive activity. Scholarship reflects an awareness of the human and social impacts of economic institutions upon individuals, small businesses and other institutions necessary to the maintenance of a just and humane society–values and concerns Jerry S. Cohen dedicated his life and work to fostering.
Governor Kathy Hochul is heralding a deal to keep the Buffalo Bills in New York. After months of talks, the Democrat says a new $1.4 billion stadium in Orchard Park will be largely paid for by taxpayers. While Bills fans are no doubt thrilled to keep Josh Allen and company around for future Super Bowl campaigns, debate over the timing of the agreement, with the new state budget, and the wisdom of it is pitched. Here to talk about public investment in sports stadiums is Roger Noll, professor emeritus of economics at Stanford.
Governor Kathy Hochul is heralding a deal to keep the Buffalo Bills in New York. After months of talks, the Democrat says a new $1.4 billion stadium in Orchard Park will be largely paid for by taxpayers. While Bills fans are no doubt thrilled to keep Josh Allen and company around for future Super Bowl campaigns, debate over the timing of the agreement, with the new state budget, and the wisdom of it is pitched. Here to talk about public investment in sports stadiums is Roger Noll, professor emeritus of economics at Stanford.
Governor Kathy Hochul is heralding a deal to keep the Buffalo Bills in New York. After months of talks, the Democrat says a new $1.4 billion stadium in Orchard Park will be largely paid for by taxpayers. While Bills fans are no doubt thrilled to keep Josh Allen and company around for future Super Bowl campaigns, debate over the timing of the agreement, with the new state budget, and the wisdom of it is pitched. Here to talk about public investment in sports stadiums is Roger Noll, professor emeritus of economics at Stanford.
In this episode, Roger Noll, AAI Senior Fellow and Professor Emeritus at Stanford University, talks with winners of the 2020 Jerry S. Cohen award for antitrust scholarship. Nancy Rose and Jonathan Sallet unpack key aspects of efficiencies in horizontal mergers in their article The Dichotomous Treatment of Efficiencies in Horizontal Mergers, Too Much? Too Little? Getting it Right (Vol. 168, Penn. L. Rev., 2020). The article highlights that the extent to which horizontal mergers deliver competitive benefits that offset any potential for competitive harm is a critical issue in antitrust enforcement. Based on their economic analysis of merger efficiencies, the authors find that a substantial body of work casts doubt on their presumed existence and size. Rose and Sallet discuss the major implications of their work in this Ruled by Reason conversation, including the likely need for changes in current enforcement approaches. Antitrust scholarship that is considered and selected for the Jerry S. Cohen award reflects a concern for principles of economic justice, the dispersal of economic power, the maintenance of effective limitations upon economic power or the federal statutes designed to protect society from various forms of anticompetitive activity. Scholarship reflects an awareness of the human and social impacts of economic institutions upon individuals, small businesses and other institutions necessary to the maintenance of a just and humane society–values and concerns Jerry S. Cohen dedicated his life and work to fostering.
Roger Noll is Professor Emeritus of Economics at Stanford University, a Senior Fellow at the Stanford Institute for Economics & Policy Research. Prior to coming to Stanford, he has been a Senior Economist at the President's Council of Economic Advisors, a Senior Fellow at the Brookings Institution, Institute Professor of Social Science and Chair of the Division of Humanities and Social Science at the California Institute of Technology. He's been a member of the advisory boards of the Department of Energy, Jet Propulsion Laboratory, NASA, the National Renewable Energy Labs, and the National Science Foundation. He holds a PhD in Economics from Harvard University, a BS in Mathematics from Cal Tech, and he is the author or co-author of 15 books and over 300 articles on many subjects of particular interest for today's discussion. For much of his career, he's been involved in antitrust and the economics of sports, separately and their intersection. And then about 25 years ago, he went and forever stained his record by being my PhD advisor and inflicting me on the policy and economics world.
Episode 112: I’ve loved baseball since I was a kid. But, at the same time, I don’t believe we, the people, the taxpayers, should spend a single dime to help build baseball stadiums, or any sports arena, for the rich people or corporations who own teams. Don’t believe the hype—these projects never pay back the subsidies doled out, and, in fact, the track record has been disastrous for many cities, saddling taxpayers with a pile of debt. Just a few weeks ago, the people of Portland got their first look at the design and plan for building a baseball stadium—and a con job that may be under way. I have a long chat on the topic with the national leading expert on sports stadium economics, Roger Noll, professor emeritus at Stanford University. I am, then, joined by Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, to talk about the organization’s roadmap for a progressive economic agenda. Our Robber Baron is the CEO of General Motors Mary Barra.
Boston College law professor Kari Hong on Tuesday's court ruling against Trump's sanctuary city executive order. Regina Brown, University of Colorado, shares how food is medication. Martin Carnoy, Stanford University, explains why voucher programs don't help test scores. Apple Seed with Sam Payne. Broadway Star Lea Salonga shares her journey in showbiz. Roger Noll, Stanford University, on how NFL stadiums are funded by tax dollars.
“Go and interview a restaurateur in central London near Piccadilly or go and interview a theatre manager in central London about how their business was in central London in August of 2012 [during the Summer Olympics] and they’ll say ‘It was awful. It was like the great depression,’” says economist in this podcast. Zimbalist, a professor of economics at Smith College and the author of (Brookings Institution Press, 2015), reveals the real economic costs and benefits of hosting mega-sporting events and discusses the prospects of FIFA following the corruption scandal. “This is what the modern Olympics and the modern World Cup are really about,” he says. “It’s the Circus Maximus in the old days of referring to these gigantic stadiums and elaborate facilities, but it’s also a Circus Maximus in the sense that it’s a circus.” Also in this episode, Senior Fellow , managing editor of , offers his "What's Happening in Congress" update. -------------------------------------------------------------------- Show Notes: , Andrew Zimbalist and Roger Noll (Zimbalist op-ed in Boston Globe) -------------------------------------------------------------------- Subscribe to the Brookings Cafeteria on , listen on , and send feedback email to .
Roger Noll discusses how to to design useful assignments in writing-in-the-major courses, especially in courses where the essay is technical. (November 13, 2003)
Roger Noll of Stanford University talks with EconTalk host Russ Roberts about the economics of sports. Noll discusses the economic effects of stadium subsidies, the labor market for athletes, the business side of college sports, competitive balance in sports leagues, safety in sports, performance-enhancing drugs, and how the role of sports in the lives of children has changed.
Roger Noll of Stanford University talks with EconTalk host Russ Roberts about the economics of sports. Noll discusses the economic effects of stadium subsidies, the labor market for athletes, the business side of college sports, competitive balance in sports leagues, safety in sports, performance-enhancing drugs, and how the role of sports in the lives of children has changed.
Roger Noll of Stanford University talks with EconTalk host Russ Roberts about the economics of sports. Noll discusses the economic effects of stadium subsidies, the labor market for athletes, the business side of college sports, competitive balance in sports leagues, safety in sports, performance-enhancing drugs, and how the role of sports in the lives of children has changed.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friday, December 4 to Saturday, December 5, 2009University of Chicago Law School AuditoriumThis Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday.The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much.The conference web page is at http://iep.gmu.edu/CoaseConference.php.The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited.The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.