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Innovation : The Bright Side of Common Ownership?

Antón, Miguel; Ederer, Florian; Giné, Mireia; … - National Bureau of Economic Research - 2024

Firms have inefficiently low incentives to innovate when other firms benefit from their inventions and the innovating firm therefore does not capture the full surplus of its innovations. We show that common ownership of firms mitigates this impediment to corporate innovation. By contrast,...

Persistent link: https://www.econbiz.de/10014512046

Market Power in Artificial Intelligence

Gans, Joshua - National Bureau of Economic Research - 2024

This paper surveys the relevant existing literature that can help researchers and policy makers understand the drivers of competition in markets that constitute the provision of artificial intelligence products. The focus is on three broad markets: training data, input data, and AI predictions....

Persistent link: https://www.econbiz.de/10014512124

Industrial Organization and The Rise of Market Power

Miller, Nathan H. - National Bureau of Economic Research - 2024

economic outcomes. By contrast, the studies do not point to weak antitrust enforcement as contributing to greater market power …

Persistent link: https://www.econbiz.de/10014576656

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

Antitrust Enforcement Increases Economic Activity

Babina, Tania; Barkai, Simcha; Jeffers, Jessica; … - National Bureau of Economic Research - 2023

We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of … economic outcomes of a non-tradable industry in states targeted by DOJ antitrust lawsuits to outcomes of the same industry in … other states that were not targeted. We document that DOJ antitrust enforcement actions permanently increase employment by 5 …

Persistent link: https://www.econbiz.de/10014337831

A Framework for Detection, Measurement, and Welfare Analysis of Platform Bias

Reimers, Imke; Waldfogel, Joel - National Bureau of Economic Research - 2023

Regulators are responding to growing platform power with curbs on platforms' potentially biased exercise of power, creating urgent needs for both a workable definition of platform bias and ways to detect and measure it. We develop a simple equilibrium framework in which consumers choose among...

Persistent link: https://www.econbiz.de/10014421191

The Political Economy of the Decline of Antitrust Enforcement in the United States

Lancieri, Filippo Maria; Posner, Eric A.; Zingales, Luigi - National Bureau of Economic Research - 2022

Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue … antitrust law in confirmation hearings. We find little evidence that academic ideas played an important role in the decline of … antitrust enforcement except where they coincided with the interests of big business, which appears to have exercised influence …

Persistent link: https://www.econbiz.de/10013361981

Product Repositioning by Merging Firms

Atalay, Enghin; Sorensen, Alan T.; Sullivan, Christopher J. - National Bureau of Economic Research - 2023

We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...

Persistent link: https://www.econbiz.de/10014287330

Amazon Self-preferencing in the Shadow of the Digital Markets Act

Waldfogel, Joel - National Bureau of Economic Research - 2024

Regulators around the world are discussing, or taking action to limit, self-preferencing by large platforms. This paper explores Amazon's search rankings of its own products as the European Union's Digital Markets Act (DMA) was coming into effect. Using data on over 8 million Amazon search...

Persistent link: https://www.econbiz.de/10014528339

Three Things about Mobile App Commissions

Gans, Joshua - National Bureau of Economic Research - 2024

Mobile app commissions paid by app developers to a monopolist device maker/app store operator are examined. Three results are demonstrated. First, unregulated app commissions are set at a level that maximises consumer surplus. Second, eliminating app commissions will lead to higher device...

Persistent link: https://www.econbiz.de/10014528379