First Quarter 2023
Tracking developments in the fields of law and economics, public policy, and business strategy.
Dr. Stephanie Mirrow
Dr. Jason Albert
Dr. Stuart D. Gurrea
Dr. William K. Schwartz
Dr. Cagatay Koc
DOJ Obtains Permanent Injunction in Penguin Random House’s Merger with Simon & Schuster
by Dr. Jason Albert
A Systematic Approach to Managing and Using Big Data in Litigation
by Dr. Stuart D. Gurrea and Dr. William K. Schwartz
The Future of Antitrust Enforcement in Healthcare Post President Biden’s “Executive Order on Promoting Competition in the American Economy”
with Dr. Cagatay Koc
From the Editor-in-Chief
To our readers, I am excited to share the latest edition of Economists Ink with you.
The first article discusses the recently granted permanent injunction blocking the proposed merger of Penguin Random House (PRH) and Simon & Schuster (SS). The second article discusses a systematic approach to managing and using big data in litigation. The third article is an interview with Managing Director Cagatay Koc about the future of antitrust enforcement in healthcare following President Biden’s executive order on promoting competition.
In the first article, Jason Albert discusses the Department of Justice’s (DOJ) monopsony allegation and market definition in the PRH and SS merger case. Dr. Albert notes that DOJ focused on authors as labor, argued that the merger would result in increased monopsony power, and is likely to focus on labor markets in future monopsony cases.
In the second article, Stuart Gurrea and William Schwartz discuss a comprehensive big-data-management plan and how such a plan should incorporate best practices from the data-engineering industry to satisfy auditability and scientific standards. Drs. Gurrea and Schwartz indicate that this framework can achieve accuracy and cost effectiveness without compromising the speed, flexibility, and auditability required for investigations, litigations, and regulatory proceedings.
The third article offers a new experience for our readers – an interview with Managing Director Cagatay Koc about antitrust enforcement in healthcare following President Biden’s executive order. This article highlights Dr. Koc’s perspectives on what the executive order has accomplished and the potential role economists may play in both antitrust policy and determinations of specific cases.
Dr. Stephanie Mirrow