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The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in … economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … only feature of market competition, but it plays a central role regarding to its virtues, and understanding the working …
Persistent link: https://www.econbiz.de/10014536299
This article provides an overview of the competitive issues surrounding online platforms. The general theme is that while much has been made of the structural features of online platforms there is little hard evidence that these are durable monopolies. Nonetheless, there are concerns about the...
Persistent link: https://www.econbiz.de/10013321957
This paper provides an overview of recent developments in algorithmic antitrust, and the economics and legal issues raised in the areas of abuse of dominance, algorithmic pricing and collusion, and mergers and acquisition. The general theme is that while much has been made of the possible...
Persistent link: https://www.econbiz.de/10014095428
anticompetitive effects. Most importantly, antitrust analysis should focus on competition for seeking and providing attention rather … than the particular products and services used for securing and delivering this attention. The existence of competition …
Persistent link: https://www.econbiz.de/10014162245
the economics, technology, and history of online competition. Online platforms face dynamic competition as a result of …: disruptive innovation that provides opportunities for entry; competition from online platforms that have secured a toehold in one … firms competing for consumer attention and advertiser dollars. The last two decades of online platform competition …
Persistent link: https://www.econbiz.de/10012951065
In a companion note (Antitrust vs. Sector-specific Regulation in Telecom: What Works Best?), we argued that while the full liberalization of telecommunications markets provides scope for relying to a large extent on general antitrust rules and institutions as instruments of economic regulation,...
Persistent link: https://www.econbiz.de/10014059514
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
majority share of the markets for general-search results and advertising, prompting antitrust and competition-law scrutiny of …. This type of steering forecloses competition in markets not immediately adjacent to the platform itself. Current antitrust …
Persistent link: https://www.econbiz.de/10012958316
-sharing effect that may relax competition for users, resulting in lower quality of content. More surprisingly, user surplus may also … anti-competitive effect while preserving the diversity effect. When there is competition among third parties, interplatform …
Persistent link: https://www.econbiz.de/10012861485
puts the EC at the hearth of competition law enforcement vis á vis national regulators and domestic legislation (provided … precedent of Consorzio Industrie Fiammiferi. The latter affirms that competition authorities can automatically put aside …
Persistent link: https://www.econbiz.de/10013005613