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Big Ink V. Bigger Tech, Ramsi Woodcock
Big Ink V. Bigger Tech, Ramsi Woodcock
Law Faculty Popular Media
When in 2011 Paul Krugman attacked the press for bending over backwards to give equal billing to conservative experts on social security, even though the conservatives were plainly wrong, I celebrated. Social security isn’t the biggest part of the government’s budget, and calls to privatize it in order to save the country from bankruptcy were blatant fear mongering. Why should the press report those calls with a neutrality that could mislead readers into thinking the position reasonable?
Journalists’ ethic of balanced reporting looked, at the time, like gross negligence at best, and deceit at worst. But lost in the pathos …
Advertising As Monopolization In The Information Age, Ramsi Woodcock
Advertising As Monopolization In The Information Age, Ramsi Woodcock
Law Faculty Scholarly Articles
Economists have long recognized that advertising has two main functions: to inform and to persuade. In the information age, the information function is obsolete, because consumers can get all the product information they want from a quick Google search. That makes virtually all advertising today purely persuasive in function. The courts have long recognized that purely persuasive advertising is anticompetitive, because it induces consumers to buy products that they do not really prefer, harming consumers and placing sellers of consumers’ preferred products at a competitive disadvantage. Antitrust enforcers must respond to the obsolescence of the information function of advertising by …
Congestion Pricing Is Class Warfare. Here's A Better Idea., Ramsi Woodcock
Congestion Pricing Is Class Warfare. Here's A Better Idea., Ramsi Woodcock
Law Faculty Popular Media
Plans are afoot to charge drivers to enter Manhattan. But we need a fairer way to reduce traffic.
The Elephant In The Market Power Debate, Ramsi Woodcock
The Elephant In The Market Power Debate, Ramsi Woodcock
Law Faculty Popular Media
Profits are the ultimate sign of market power. But for the past 40 years, economists and antitrust practitioners have disparaged the measurement of profit margins as unreliable. That needs to change, and new scholarship showing rising margins across the economy is leading the way.