The internet giants - Facebook, Amazon, Netflix and Google, among others - have transformed society with both positive and negative effects. The negative effects have been stark. There have been huge disruptions caused by e-commerce. More recently, subtler, but even more serious negative effects...

The Rule of Reason, which has come to dominate modern antitrust law, allows defendants the opportunity to justify their conduct by demonstrating “procompetitive” effects. Seizing the opportunity, defendants have begun offering increasingly numerous and creative explanations for their...

When consumers' inferences of their reservation values are subject to environmental noise, firms can obtain superior knowledge over consumers through customer data aggregation. Although the superior knowledge facilitates personalized pricing, it may also induce consumer suspicions of overpaying....

Italian Abstract: Nel caso di una filiera verticale di produzione in cui siano necessari forti investimenti di capitale fisso in qualche segmento ci si chiede quale sia la composizione di forme di mercato più efficiente dal punto di vista sociale (soluzione integrata del pianificatore sociale)...

Italian Abstract: Il classico problema di ottimizzazione del profitto di un'impresa in monopolio viene trattato in relazione ai rendimenti di scala. Da ciò scaturiscono naturalmente le implicazioni sul break-even point, sull'inadeguatezza del marginal pricing nei casi monopolio naturale, sui...

This report examines Amazon.com's standing as a socially accountable corporate citizen, with close attention to the impact of Amazon's logistics operations on the public balance sheet in the four-county Los Angeles region. The Los Angeles region purchased an estimated $7.2 billion in goods from...

Similar to the Internet Era, which generated new value chains based on digital marketplaces, the block-chain has the potential to be the next cutting-edge technology which will revolutionize markets. Block-chain technology built on a consensus mechanism can make intermediaries [or third parties]...

We investigate the pricing policy and the welfare effects associated with a firm's ability to commit to future prices in a storable good market where the cost of production varies over time. If the cost is expected to increase, the firm's lack of commitment generates price changes relative to...

Recent advances in machine learning have reinforced the competitive position of leading online platforms. This Essay identifies two important sources of platform rivalry and proposes ways to maximize their competitive potential under existing antitrust law. A nascent competitor is a threatening...