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Digital platforms facilitate interactions between consumers and merchants that allow collection of profiling information, which drives innovation and welfare. Private incentives, however, lead to information asymmetries resulting in market failures both on-platform, among merchants, and...
Persistent link: https://www.econbiz.de/10013184643
Digital platforms are at the heart of online economic activity, connecting multi-sided markets of producers and consumers of various goods and services. Their market power and their privileged ecosystem positions raise concerns that they may engage in anti-competitive practices that reduce...
Persistent link: https://www.econbiz.de/10012405498
Platform ecosystems rely on economies of scale, data-driven economies of scope, high-quality algorithmic systems and strong network effects that typically promote winner-take-most markets. Some platform firms have grown rapidly and their merger and acquisition strategies have been very important...
Persistent link: https://www.econbiz.de/10012433815
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Digital platforms, empowered by artificial intelligence algorithms, facilitate efficient interactions between consumers and merchants that allow the collection of profiling information which drives innovation and welfare. Private incentives, however, lead to information asymmetries resulting in...
Persistent link: https://www.econbiz.de/10014365917
Rapid technological progress poses challenges for labor markets. Automation can both displace and create jobs. Currently, an unprecedented digitalization of our economy is underway. Artificial intelligence has become a reality and machines are able to learn how to outperform humans in some...
Persistent link: https://www.econbiz.de/10012490567
In its Digital Single Market strategy, the European Commission has rightly noted the importance of reducing the price paid for basic cross-border parcel delivery by consumers and by small and medium size retail senders. The payment flows for cross-border parcel delivery are strikingly similar to...
Persistent link: https://www.econbiz.de/10011475579
How do incentives to collude depend on how asymmetric firms are? In many markets product quality is an important parameter that determines firms' market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash bargaining approach to compute the collusive equilibrium...
Persistent link: https://www.econbiz.de/10012655386
Persistent link: https://www.econbiz.de/10012221664
We study the nature and geography of occupational change in 24 European Union countries from 2002 to 2016. We evaluate how the composition of skills in the labour force depends on new technologies enabled by artificial intelligence and machine learning, and on institutional variables including...
Persistent link: https://www.econbiz.de/10012302723