Regulation of Algorithmic Collusion
Antitrust & Competition Policy Blog
by D Daniel Sokol
20h ago
Regulation of Algorithmic Collusion By: Jason D. Hartline; Sheng Long; Chenhao Zhang Abstract: Consider sellers in a competitive market that use algorithms to adapt their prices from data that they collect. In such a context it is plausible that algorithms ..read more
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The Anatomy of Concentration: New Evidence From a Unified Framework
Antitrust & Competition Policy Blog
by D Daniel Sokol
20h ago
The Anatomy of Concentration: New Evidence From a Unified Framework By: Kenneth R. Ahern; Lei Kong; Xinyan Yan Abstract: Concentration is a single summary statistic driven by two opposing forces: the number of firms in a market and the evenness ..read more
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Deterrence in Merger Review: Likely Impacts of Recent U.S. Policy Changes
Antitrust & Competition Policy Blog
by D Daniel Sokol
3d ago
Deterrence in Merger Review: Likely Impacts of Recent U.S. Policy Changes Luke M. Froeb Vanderbilt University - Owen Graduate School of Management Steven Tschantz Vanderbilt University - Department of Mathematics Gregory J. Werden Independent; George Mason University - Mercatus Center ..read more
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Airline delays, congestion internalization and non-price spillover effects of low cost carrier entry
Antitrust & Competition Policy Blog
by D Daniel Sokol
6d ago
Airline delays, congestion internalization and non-price spillover effects of low cost carrier entry By: William E. Bendinelli; Humberto F. A. J. Bettini; Alessandro V. M. Oliveira Abstract: This paper develops an econometric model of flight delays to investigate the influence ..read more
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Do larger firms exert more market power? Markups and markdowns along the size distribution
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Do larger firms exert more market power? Markups and markdowns along the size distribution By: Mertens, Matthias; Mottironi, Bernardo Abstract: Several models posit a positive cross-sectional correlation between markups and firm size, which characterizes misallocation, factor shares, and gains from ..read more
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Search Engine Competition
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Search Engine Competition By: Daniel Garcia Abstract: This paper studies a model of search engine competition with endogenous obfuscation. Platforms may differ in the quality of their search algorithms. I study the impact of this heterogeneity in consumer surplus, seller ..read more
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Market power and innovation in the intangible economy
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Market power and innovation in the intangible economy By: De Ridder, Maarten Abstract: This paper offers a unified explanation for the slowdown of productivity growth, the decline in business dynamism, and the rise of market power. Using a quantitative framework ..read more
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Taking over the World? Automation and Market Power
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Taking over the World? Automation and Market Power By: Haarburger, Richard; Stemmler, Henry Abstract: This paper studies how automation technology affects market power in the global economy. We develop a theoretical model in which firms' markups are endogenous to factor ..read more
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Structural Change and the Rise in Markups
Antitrust & Competition Policy Blog
by D Daniel Sokol
2w ago
Structural Change and the Rise in Markups By: Ricardo Marto Abstract: Is the recent rise in markups caused by increased monopoly power or is it a natural consequence of structural change? I show that the rise in aggregate markups has ..read more
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How the Consumer Welfare Standard Solves the Monopoly Prisoner’s Dilemma: A Micro-in- Macro Analysis of Market Institutions
Antitrust & Competition Policy Blog
by D Daniel Sokol
2w ago
How the Consumer Welfare Standard Solves the Monopoly Prisoner’s Dilemma: A Micro-in- Macro Analysis of Market Institutions Fabrizio Esposito CEDIS - Nova School of Law Gianmaria Pessina Independent Abstract This article delves into the ongoing conflict between the total welfare ..read more
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