Law360 (April 25, 2011, 2:16 PM EDT) -- Imagine this: When it comes to making decisions, people are like Mr. Spock. They dispassionately weigh pros and cons. They don't let their emotions cloud their decisions. If mistakes are made — maybe buying an overvalued Internet stock or a Las Vegas condo — they learn from them and don't repeat them.
None of this is true, of course. But conventional economic theory assumes it is. And these assumptions helped to shape the economics of antitrust. Conventional economic models used in antitrust assume that consumers and firms are rational.
U.S. courts, government agencies and practitioners rely on those models and economic...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!