Aaron Edlin and Carl Shapiro, along with Scott Hemphill and Herbert Hovenkamp, published an article entitled “Actavis and Error Costs: A Reply to Critics,” which appeared in the October 2014 issue of The Antitrust Source. In the article, the authors defend their previously published analysis of the Actavis decision and argue that their proposed framework is supported by both the Supreme Court’s decision and economic theory. To read the article, click the link below.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...