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The ongoing developments in e-commerce, big data and big analytics have transformed our online environment and the way we shop for goods and services. By increasing transparency, access to markets, and by reducing market barriers and our search costs, technological developments promise to lower...
Persistent link: https://www.econbiz.de/10014125648
The development of self-learning and independent computers has long captured our imagination. The HAL 9000 computer, in the 1968 film, 2001: A Space Odyssey, for example, assured, “I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to...
Persistent link: https://www.econbiz.de/10014109165
The European Commission’s Statement of Objections forms the latest addition to the ongoing debate on the possible misuse of Google’s position in the search engine market. The scholarly debate, however, has largely been over the exclusionary effects of search degradation. Less attention has...
Persistent link: https://www.econbiz.de/10014136193
The development of self-learning and independent computers has long captured our imagination. The HAL 9000 computer, in the 1968 film, 2001: A Space Odyssey, for example, assured, “I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to...
Persistent link: https://www.econbiz.de/10014136543
Alongside the consideration of price, competition authorities recognize that quality can be as, if not more, important in some markets. But as competition authorities also recognize, identifying the dimensions of competition important to many consumers is difficult. Even when these dimensions of...
Persistent link: https://www.econbiz.de/10013032499
In the future, one may imagine a new breed of antitrust humor. Jokes might start along the following lines: “Two Artificial Neural Network and one Nash equilibrium meet in an online (pub) hub. After a few milliseconds, a unique silent friendship is formed…” Back to the present; we are not...
Persistent link: https://www.econbiz.de/10012902038
Persistent link: https://www.econbiz.de/10011864201
Algorithmic collusion is a hot topic within antitrust circles in Europe, US and beyond. But some economists downplay algorithmic collusion as unlikely, if not impossible. This paper responds to these criticisms by pointing to new emerging evidence and the gap between law and this particular...
Persistent link: https://www.econbiz.de/10012850941
With the rise of the super-platforms, we tend to look down (on their effect on consumers) rather than up (their effect on sellers and upstream providers). In looking down it seems like Google, Amazon and Facebook are using their power in the marketplace to deliver great value to us — wrestling...
Persistent link: https://www.econbiz.de/10012854255
Persistent link: https://www.econbiz.de/10012263188