Randy Picker
@randypicker
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Student of antitrust, copyright, net industries. Views expressed here are not those of the University of Chicago (as if I needed to tell you that somehow).
Joined March 2009
I have posted a pdf of my consolidated antitrust slides for the quarter. A very large file as I have a somewhat distinctive approach to slides:
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I am doing the new Meta opinion this afternoon in antitrust. Discovered this morning the new version from yesterday, with many fewer redactions. If you want a window into that, look at slides 59-71 in
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I will just say that I sent 680 pages on this subject (and more to be fair) to Princeton University Press last Tuesday. 550 pages of text, 130 pages of endnotes, 296K words total. Not even close to hitting the 300K word limit in the contract!
Semiconductors are clearly one of the most important industries in the world. They run everything: AI, cars, the digital economy. Yet people haven't focused on market competition in this industry. New paper out with @geoffmanne, David Teece, and @MZunigaP remedies that
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I am sure that FTC commissioners are busy, but I do think they should devote a greater percentage of their time to ferreting out great deals on Diet Coke:
I’ve noticed a concerning trend at my local grocery store: pricing that punishes low-volume shoppers. E.g.: Diet Coke is priced at $11.49 for a 12-pack. But if you buy 2, you get 3 free, which works out to $4.60 per 12-pack. Want just one, though? Sorry, it’s a 250% markup.
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Saturdays are pretty quite at the Law School in the summer, especially after the students studying for the bar exam have left. I know students took the exam this week. Positive vibes from Chicago. Enjoy a break and then go out and do the things you are ready to do.
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Nice work by our appointments committee this past year!
The Law School is pleased to welcome two new scholars to its academic faculty: Samuel Bray, ’05, who joins the faculty on July 1, 2025, and @LucyMsall, MLS ’23, PhD ’25, who will begin in July 2026 after completing a post-dissertation fellowship at NBER. https://t.co/NsAqJ21cGu
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Grading at Regenstein this morning. The building is stuffed. Couldn’t even get a seat at Mansueto. But the need to refill the vending machines.
Good luck on finals, Maroons! We're cheering you on all the way to the end of the quarter. 👏
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It looks like the new Pope attended graduate school in Hyde Park. Graduate education does indeed pay off:
nytimes.com
Cardinal Prevost was elected pontiff on the second day of the conclave, becoming the leader of 1.4 billion Roman Catholics. He greeted his new followers by saying, “Peace be with you.”
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I was lucky enough to serve on our dean search committee this time around and to see Adam in action. Super thrilled that we’ve ended up at this spot.
Prof. Adam Chilton has been appointed dean of @UChicagoLaw, effective July 1. A renowned legal scholar, Chilton said it’s an “extraordinary honor” to lead the school where he’s served as a faculty member since 2014. Learn more: https://t.co/S3kcK7MnH1
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I am giving a paper Thursday at our lunch WIP workshop on remedies in the Google search case. Very much a first draft. First page below. Reach out if you would like to see it.
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The Google ad tech result is a careful, detailed opinion that seems to work within the mainstream of antitrust to find Google liable. Lots of industry institutional features to understand, but, to an outsider, it looks like something that could survive on appeal.
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Link to the new Google ad tech decision: https://t.co/NDGZh5qp6L Only 115-pages double-spaced. I don't mean only ironically. Lots of complicated issues to sort so that feels almost svelte.
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I went 4 for 4 in the Elite Eight last pm and barely improved my odds of winning the men's side of the family bracket competition, where I have hopes of threepeating. And I have little chance now of winning the women's bracket with the JuJu Watkins injury. #okifthekidswinIguess
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I have signed a contract for my forthcoming book, The Quest for Next, with @PrincetonUPress. I don't know what it means to be pleased as punch but I am that and more. Key numbers: 300K words and a deadline of 10-31-2025. A long project heading into the rush to the finish.
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You have to love a good thread on an @nberpubs paper that you want to read.
1/10 In the blockbuster trial U.S.A. v. Google LLC, the D.C. federal court ruled Google violated antitrust law. Our team (@HuntAllcott, J.C. Castillo, M. Gentzkow, L. Musolff & I) investigates why Google has such high market share.
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I did Tapestry in 9 slides in class yesterday: https://t.co/PlXo8rfpeF A pretty conventional horizontal merger case where market definition is hugely important (and where the lower thresholds in the 2023 guidelines don’t matter given the size of the HHI’s). #waitingforkroger
For those teaching antitrust I've done a 90%+/- edit of the lengthy Tapestry (handbag) merger decision. I may have taken out something you consider choice, but I'll share it if you give me an email addess.
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