Central features of today's electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...

We compare the costs oftwo regulatory policies about the entry ofnew firms. We consider an incumbent firm that has more information about the market demand than the regulator and can use this advantage to persuade the regulator to make entry more difficult. With the first regulatory policy the...

L'objet de cet article est de presenter une synthese de la litterature theorique concernant les interactions entre strategies financieres et strategies de production.

We investigate agents' incentives to form mergers (or groups) by sharing their private information and the associated welfare effects in aggregative games. The merging agents always have incentives to share their information with each other in horizontal/conglomerate merger games. A merger...

This article explores the extent to which social capital theory can respond to the crisis in the subprime mortgage markets. Building on the groundbreaking theories of Robert Putnam in his book BOWLING ALONE: THE COLLAPSE AND REVIVAL OF AMERICAN COMMUNITY, this article seeks to explore the role...

This chapter first describes the standard economic analysis of privacy, data protection and surveillance, looking at the costs and benefits to different parties and the incentives each therefore has, as well as the aggregate social welfare impacts of their decisions. It then considers the market...

At one extreme, Twitter rejects all political ads no matter how important the message. At the other extreme, Facebook accepts all political ads no matter how untruthful the message. As lies in political advertising become increasingly problematic, neither policy works. The former prevents us...

This Article seeks to bridge free speech jurisprudence and information economics in an effort to provide a novel view into mechanisms to tackle misinformation. Bridging these schools of thought offers two steps forward. The first step reexamines the deontological free speech path that has led...

How should a platform or a society address the fake news problem? The spread of misinformation is ancient, complex, yet ubiquitous in elections, vaccination campaigns, and global climate policy debates. After examining key attributes of “fake news” and of current solutions, this Article...

How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...