Showing 1 - 10 of 296
Facebook, Amazon, Netflix and Google, as well as Twitter – the FANG companies – have transformed society with both positive and negative effects. Soaring consumer access to information, news, social networks, and entertainment has been stimulated by the ever-more ubiquitous and falling...
Persistent link: https://www.econbiz.de/10011990829
There can be no doubt that the FANG companies – Facebook, Amazon, Netflix and Google, as well as Twitter – have transformed society since their emergence. Like all social transformations, the changes wrought by their services have had ripple effects that are both positive and negative. On...
Persistent link: https://www.econbiz.de/10012010582
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His test essentially asks if consumers are harmed by the pricing practices of the firm in the market in which they purchase the good or service. Even if these firms are monopoly or...
Persistent link: https://www.econbiz.de/10012804859
A model-based derivation of an effective antitrust policy requires an economic framework that includes three actors: a cartel, a group of competing fringe firms, and a welfare maximizing antitrust authority. In existing models of cartel behavior, at least one of these actors is always missing....
Persistent link: https://www.econbiz.de/10012425162
This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat communication into topics, we find that firms are less...
Persistent link: https://www.econbiz.de/10013332300
Persistent link: https://www.econbiz.de/10011560996
Free!! Google and Facebook!!! We all know them, what to worry about? Everything! The giants of the internet are … threat to social order and democracy posed by Facebook and Google, as well as others in the internet space. Facebook, and … on the internet. Indeed, they make money off the proliferation of this misinformation. For example, even by its own …
Persistent link: https://www.econbiz.de/10011991112
Free!! Google and Facebook!!! We all know them, what to worry about? Everything! The giants of the internet are … threat to social order and democracy posed by Facebook and Google, as well as others in the internet space. Facebook, and … on the internet. Indeed, they make money off the proliferation of this misinformation. For example, even by its own …
Persistent link: https://www.econbiz.de/10012012003
The internet giants - Facebook, Amazon, Netflix and Google, among others - have transformed society with both positive … internet giants are multisided markets (MSM); their economic rents are "hidden" from the public. On the user-side of the market … rents are not so obvious. This paper addresses the monopolistic/monopsony aspect of the internet giants. In the singlesided …
Persistent link: https://www.econbiz.de/10012151937
Persistent link: https://www.econbiz.de/10011339563