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In recent times, self-preferencing by digital platforms has come to the fore. It is normal for companies to promote their own products over those of their competitors, and, in many cases, this can lead to efficiencies. However, a dominant company giving preferential treatment to its own products...
Persistent link: https://www.econbiz.de/10012827520
Bargaining is all around us. Bargaining is how prices are set across a range of economic activities such as between licensors and licensees of intellectual property, employees and employers, content providers and distributors, health insurers and hospitals, and in many intermediate product...
Persistent link: https://www.econbiz.de/10012829015
Times-Picayune, a 1953 Supreme Court decision involving newspapers, has gained notoriety from the Court's American Express decision concerning credit-card networks. The Amex dissent argued that the Court had already decided how to apply the rule-of-reason analysis to two-sided platforms in...
Persistent link: https://www.econbiz.de/10012889994
We study the incentives of a social network to control two types of information circulating on its platform, namely display advertising by two quality-differentiated firms and "social information" (purchasing decisions shared among consumers). Consumers' choices are influenced by both of these...
Persistent link: https://www.econbiz.de/10012911451
This paper presents a model of second-degree price discrimination by a monopolistic seller who offers a menu of price-quantity pair contracts to consumers located in a social network. Network effects are local as consumers' private valuations are increasing in their friends' adoption decisions....
Persistent link: https://www.econbiz.de/10013004864
analyses focus solely on harm in "relevant markets," overlooking potential harm in "related markets." The Zillow-Trulia merger … the merger may have constituted a false negative, and that the merged firm may be increasing concentration in local real …-estate agent markets. Related-market harm is inefficient and reduces consumer welfare. This article contends that future merger and …
Persistent link: https://www.econbiz.de/10012958316
Trademark law is incoherent, and it fails to manage all the interests at stake in the modern business environment. This failure flows from a core misunderstanding. Trademark law has not grasped that is managing brands, not trademarks. In this article, Professor Deven Desai develops a new theory...
Persistent link: https://www.econbiz.de/10013038927
Our food supply rests on a foundation of agricultural seed. As the world races to meet soaring food demand, the development and control of this fundamental genetic resource will be of critical concern to the entire human community. Seed, once treated as a shared public good and natural resource,...
Persistent link: https://www.econbiz.de/10013044021
Persistent link: https://www.econbiz.de/10012991958
A manufacturer contracting secretly with several downstream competitors faces an opportunism problem, preventing it from exerting its market power. In an infinitely repeated game, the opportunism problem can be relaxed. We show that the upstream firm's market power can be restored even further...
Persistent link: https://www.econbiz.de/10013029871