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Platforms may give preferential treatment to their own products in search results. Whether and how to regulate this self-preferencing behavior is an intensely debated antitrust issue. This paper identifies self-preferencing and quantifies its equilibrium welfare effects in Apple App Store. I...
Persistent link: https://www.econbiz.de/10013419345
This paper provides an overview of recent developments in algorithmic antitrust, and the economics and legal issues raised in the areas of abuse of dominance, algorithmic pricing and collusion, and mergers and acquisition. The general theme is that while much has been made of the possible...
Persistent link: https://www.econbiz.de/10014095428
Platforms often display their products ahead of third-party products in search. Is this due to consumers preferring platform-owned products or platforms engaging in self-preferencing by biasing search towards their own products? What are the welfare implications? I develop a structural model of...
Persistent link: https://www.econbiz.de/10014495178
Platforms may give preferential treatment to their own products in search results. Whether and how to regulate this self-preferencing behavior is an intensely debated antitrust issue. This paper identifies self-preferencing and quantifies its equilibrium welfare effects in Apple App Store. I...
Persistent link: https://www.econbiz.de/10014243079
We present a methodology for analyzing the impact of algorithmic recommendations on product market competition, addressing concerns that have been raised in both academic and policy circles regarding their potential anti-competitive effects. Our analysis demonstrates that recommender systems...
Persistent link: https://www.econbiz.de/10014348241
Pricing algorithms are increasingly replacing human decision making in real marketplaces. To inform the competition policy debate on possible consequences, we run experiments with pricing algorithms powered by Artificial Intelligence in controlled environments (computer simulations).In...
Persistent link: https://www.econbiz.de/10012896437
For three decades the government of South Africa has sought to make telecommunications universally available and affordable. In its last days, the National Party government persuaded with the African National Congress (ANC) there should be licences for two competing international groups to build...
Persistent link: https://www.econbiz.de/10014165203
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an equilibrium in mixed strategies always exists. We then examine the nonparametric identification and estimation of the costs of search. We find that the sequence of points on the...
Persistent link: https://www.econbiz.de/10011373819
In many (online) markets, consumers can readily observe prices, but need to examine individual products at positive cost in order to assess how well they match their needs. We propose a tractable model of price-directed sequential search in a market where firms compete in prices. Each product...
Persistent link: https://www.econbiz.de/10012241989
This study constructs a sequential consumer search model with differentiated products in which some consumers search for a single product while the others search for multiple products. When the mass of consumers who demand one of the products decreases, the price for one product decreases while...
Persistent link: https://www.econbiz.de/10011804803