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Friedrich A. von Hayek’s (1899-1992) view of competition as a discovery process is well known but little used. His … view of competition less relevant to the digital economy? Even Hayek had doubts. Unlike most ‘Austrian economists’ Hayek … I critically assess Hayek’s views on competition, monopoly and antitrust, and their relevance to the ‘digital economy’ …
Persistent link: https://www.econbiz.de/10013311543
This article extends antitrust analysis to two-sided markets in which a virtual monopolist competes with local bricks-and-mortar dealers. The discussion examines the market power of an Internet market maker as well as an Internet matchmaker. The analysis shows that equilibrium in a two-sided...
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Grundlagen erläutert und es stellt sich heraus, daß der Wettbewerb als ein evolutionärer Prozeß zu analysieren ist, der innerhalb …
Persistent link: https://www.econbiz.de/10011581950
competition policy. I call it the Institutional-Evolutionary Antitrust Model. In order to construct an antitrust model one needs … both empirical knowledge and considerations of how to adequately deal with norms. The analysis of competition as an …
Persistent link: https://www.econbiz.de/10011582635
I present an overview of the antitrust literature on sports leagues, with particular emphasis on the National Collegiate Athletic Association, the National Football League, Major League Baseball, the National Basketball Association, and the National Hockey League, as well as on sanctioning...
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