Saturday , June 6 2020
Home / Tag Archives: Law (page 137)

Tag Archives: Law

Competition Compounded

ArsTechnica: Turing Pharmaceuticals, the company that last month raised the price of the decades-old drug Daraprim from $13.50 a pill to $750, now has a competitor. Imprimis Pharmaceuticals, Inc., a specialty pharmaceutical company based in San Diego, announced today that it has made an alternative to Daraprim that costs about a buck a pill—or $99 for a 100-pill supply. Good news. Competition is working. But I was puzzled. In Generic Drug Regulation and Pharmaceutical Price-Jacking, I argued...

Read More »

Politically Incorrect Paper of the Day: So Sue Me!

Gender Gaps in Performance: Evidence from Young Lawyers Abstract:  This paper documents and studies the gender gap in performance among associate lawyers in the United States. Unlike other high-skilled professions, the legal profession assesses performance using transparent measures that are widely used and comparable across firms: the number of hours billed to clients and the amount of new client revenue generated. We find clear evidence of a gender gap in annual performance with respect to...

Read More »

The economics of the Bronx

One reason the projects planned for the edge of the South Bronx aren’t likely to spread inland, gentrifying as they go, is that the area has the highest density of public housing in the nation. The Bronx has 44,000 such units, while Brooklyn, with nearly twice the population, has 58,000. “It’s harder for high-end gentrification to happen anyplace where the density of public housing is high,” says Gecan, who headed a project that built some of the first affordable housing in the post-1970s...

Read More »

Dani Rodrik and the Sledgehammer coup plot

There is a lengthy and interesting Chronicle profile by Marc Parry.  It tells the tale of how Rodrik vindicated his father-in-law, a famous general, from false charges of having led a potential coup d’etat against the Turkish government.  Here is one excerpt: When Rodrik and his wife spoke with Cetin Dogan, though, the general told them he’d never heard of Sledgehammer. They believed him. But that only deepened the mystery. Were the coup plans genuine? Had Dogan’s name somehow been...

Read More »

Governments are more likely than businesses to break pollution regulations

I believe I linked to an earlier version of these results a while ago, but the point deserves reiteration: For the study, Konisky and Teodoro examined records from 2000 to 2011 for power plants and hospitals regulated under the Clean Air Act and from 2010 to 2013 for water utilities regulated under the Safe Drinking Water Act. The study included over 3,000 power plants, over 1,000 hospitals and over 4,200 water utilities — some privately owned and others owned by public agencies. For...

Read More »

Why is Daniel Hamermesh leaving campus at UT Austin?

Economics professor emeritus Daniel Hamermesh will withdraw from his position next fall, citing concerns with campus carry legislation. The law will allow the concealed carry of guns in campus buildings beginning Aug. 1, 2016. Hamermesh said he is not comfortable with the risk of having a student shoot at him in class. He teaches a course with 475 students enrolled, according to a letter Hamermesh wrote Sunday to UT President Gregory Fenves… Hamermesh, who said he is under contract to...

Read More »

New York prison inmates beat Harvard debate team

Months after winning a national title, Harvard’s debate team has fallen to a group of New York prison inmates. The showdown took place at the Eastern Correctional Facility in New York, a maximum-security prison where convicts can take courses taught by faculty from nearby Bard college, and where inmates have formed a popular debate club. Last month they invited the Ivy League undergraduates and this year’s national debate champions over for a friendly competition. The Harvard debate team was...

Read More »

Ben Bernanke’s memoir *The Courage to Act*

1. When it comes to South Carolina, he is a cornball, but a likable one. 2. He played Strato-O-Matic baseball as a kid.  No mention of Jim Bunning in that context. 3. After two years at Harvard, he had taken only Econ 101.  Later Dale Jorgensen became his mentor. 4. He is a fan of Borges, with the influence coming from his wife, who has taught Spanish literature. 5. He regrets his earlier tough rhetoric on the Japanese central bank. 6. Greenspan’s marriage proposal to Andrea Mitchell...

Read More »

The incompetence of thieves

I investigate self-reported theft data in the NLSY 1997 Cohort for the years 1997–2011. Several striking patterns emerge. First, individuals appear to be active thieves for extremely short periods – in most cases in only one year, and fewer than 5% of thieves for more than three years out of the 15 years of data. Second, self-reported earnings from theft are generally very low and there is little evidence of “successful” criminals or consistent earnings from theft. Third, measures that proxy...

Read More »