Showing 1 - 10 of 42
With the rise of a progressive antitrust movement, the power of Google, Apple, Facebook, and Amazon is now topical. This article explores some of the potential harms from data-opolies. Data-opolies, in contrast to the earlier monopolies, are unlikely to exercise their power by charging higher...
Persistent link: https://www.econbiz.de/10012924392
Our submission to the U.K. House of Lords, Internal Market Sub-Committee is based on our joint research, which explores the effects Big Data and technology have on competition dynamics. It reviews the use of technology to facilitate collusion, conscious parallelism, and unilateral price...
Persistent link: https://www.econbiz.de/10013013336
In contrast to the European Commission, the U.S. Department of Justice and Federal Trade Commission have not meaningfully prosecuted monopolistic abuses over the past 16 years. The U.S. Supreme Court's view on monopolies has also become forgiving. There is no empirical support that...
Persistent link: https://www.econbiz.de/10012934539
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
America's failing antitrust system is, in large part, to blame for today's market power problem. Lax antitrust law and enforcement have allowed troubling trends like corporate consolidation to remain unchallenged, further embedding our skewed economy. In highly consolidated markets, consumers...
Persistent link: https://www.econbiz.de/10012850758
In the past few years, courts and the Department of Justice have cited approvingly the Court's dicta in Verizon Communications Inc. v. Law Offices of Curtis V. Trinko, LLP. This article analyzes why the economic thinking in Trinko is wrong, and how the Court ignores its precedent involving the...
Persistent link: https://www.econbiz.de/10014219087
Federal Trade Commissioner Joshua Wright recently proposed a new legal standard to evaluate “unfair methods of competition” under Section 5 of the Federal Trade Commission Act, 15 U.S.C. 45(a) (2012). This essay raises several concerns. First, Wright’s proposed legal standard does not go...
Persistent link: https://www.econbiz.de/10014153406
This essay uses one context - a monopolist’s deceptive advertising or product disparagement - to illustrate how competition authorities and courts should evaluate a monopolist’s deception under the federal antitrust laws. Competition authorities should target a monopolist’s anticompetitive...
Persistent link: https://www.econbiz.de/10014193297
Competition policy is entering a new age. Interest in competition laws has increased world-wide, and the United States no longer holds a monopoly on antitrust policy. In the aftermath of the financial crisis, the question for competition authorities is whether and to what extent does bounded...
Persistent link: https://www.econbiz.de/10014196503
Big Data and Big Analytics are a big deal today. Big Data is playing a pivotal role in many companies' strategic decision-making. Companies are striving to acquire a 'data advantage' over rivals. Data-driven mergers are increasing. These data-driven business strategies and mergers raise...
Persistent link: https://www.econbiz.de/10014125016