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This paper outlines the modern industrial organization theory of media markets including competition policy implications. After recapturing fundamentals of industrial organization theory in a non-technical way, the state of the art of (i) modern platform economics, (ii) the economics of the...
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blockchain economy when political regime changed. Also, our model compares how social welfare varies before and after the … blockchain economy or the government involves. After analyzing, we get several interesting findings, first, without government …, blockchain economy makes no influences on the monopoly ability of traditional internet economy and social welfare maximized in …
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