Peter Boberg, with lawyers from WilmerHale, published an article in Law360 on the use of the capacity closure model to analyze whether a merged firm will have the incentive and ability to close production facilities to raise prices. Used in the review of the Temple-Inland acquisition, the DOJ has applied the capacity closure model to other paper product markets and industries, including most recently the Ardent Mills wheat-milling joint venture among ConAgra, Cargill and CHS. 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...