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The Warren Campaign’S Antitrust Proposals, Herbert J. Hovenkamp
The Warren Campaign’S Antitrust Proposals, Herbert J. Hovenkamp
All Faculty Scholarship
Antitrust policy promises to be an important issue in the 2020 presidential election, and for good reason. Market power measured by price-cost margins has been on the rise since the 1980s. Presidential candidate Senator Elizabeth Warren has two proposals directed at large tech platforms. One would designate large platform markets such as Amazon “platform utilities,” and prohibit them from selling their own merchandise on the platform in competition with other retailers. The other proposes more aggressive enforcement against large platform acquisitions of smaller companies.
This paper concludes that the first proposal is anticompetitive, leading to reduced output and higher prices …
Infracompetitive Privacy, Greg Day, Abbey R. Stemler
Infracompetitive Privacy, Greg Day, Abbey R. Stemler
Scholarly Works
One of the chief anticompetitive effects of modern business lies in antitrust’s blind spot. Platform-based companies (“platforms”) have innovated a business model whereby they offer consumers “free" and low-priced services in exchange for their personal information. With this data, platforms can design products, target consumers, and sell such information to third parties. The problem is that platforms can inflict greater costs on users and markets in the form of lost privacy than efficiencies generated from their low prices. Consumers, as examples, spend billions of dollars annually to remedy privacy breaches and, alarmingly, participate unwittingly in experiments designed to manipulate their …