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competition authorities should adopt (section 4). It finds that search and answer engines complement and compete with each other …. While the answer-engine market is still at an early stage of development, it already raises some competition issues in … relation to data scraping, vertical integration and unfair terms and conditions. Intervention by competition authorities is …
Persistent link: https://www.econbiz.de/10014316205
The first part of this paper focuses on competition between search engines that match user queries with webpages. User … search engines to facilitate competition from smaller competitors. We conclude from the available empirical literature on … search-engine efficiency that asymmetric data sharing may increase competition but may also reduce scale and user welfare …
Persistent link: https://www.econbiz.de/10014316263
Digital platforms facilitate interactions between consumers and merchants that allow collection of profiling information, which drives innovation and welfare. Private incentives, however, lead to information asymmetries resulting in market failures both on-platform, among merchants, and...
Persistent link: https://www.econbiz.de/10013184643
market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less … tools should focus on value creation and its distribution before focusing on competition. The scope of regulatory … govern the platform ecosystem; iii) dynamic efficiency and competition ensure that incentives for market misconduct and …
Persistent link: https://www.econbiz.de/10012405498
Persistent link: https://www.econbiz.de/10001463037
This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and … before they buy electricity in the wholesale market, we show that welfare is highest if competition in generation and …
Persistent link: https://www.econbiz.de/10012142389
(with price and quantity competition) and optimal regulation that involves an informational externality to the competitors … ; Competition ; Asymmetric Information ; Conglomerate Firms ; Multiutility ; Scope Economies ; Informational Externality …
Persistent link: https://www.econbiz.de/10008811378
markets can make the transition more efficient; 3. In some areas, a too-narrow focus on competition can be detrimental, and … three levels of intervention: 1) competition rules and enforcement should be adjusted to meet the new challenges of the … benefits of competition for efficient resource allocation in the transition. Institutions should not focus solely on static …
Persistent link: https://www.econbiz.de/10013373117
This article analyzes competition between two asymmetric networks, an incumbent and a new entrant. Networks compete in …
Persistent link: https://www.econbiz.de/10008824512
-7% higher without divestitures. Up to 30% savings could have been obtained in Latin America by emulating the pro-competition …
Persistent link: https://www.econbiz.de/10012583906