Network Effects: March to the Evidence, Not to the Slogans

Posted by Social Science Research Network Network Effects: March to the Evidence, Not to the Slogans By David S. Evans (Global Economics Group) & Richard Schmalensee (MIT) Abstract:        Though network effects are important for multisided platforms, the simple winner-take-all notion that they always give larger platforms an insurmountable advantage over smaller rivals […]

The Market Dominance of US Digital Platforms: Antitrust Implications for the European Union

Posted by Social Science Research Network The Market Dominance of US Digital Platforms: Antitrust Implications for the European Union By Stephane Ciriani (ORANGE) & Marc Lebourges (France Telecom) Abstract:     The persistent dominance of US digital platforms relates to strategies that can be justified on efficiency grounds. However, these strategies might also offset competition […]

The Good, Bad And Ugly In Competition Law Enforcement: Observations From The Technology Sector

The Good, Bad And Ugly In Competition Law Enforcement: Observations From The Technology Sector

By Timothy Cowen & Stephen Dnes – This article identifies what works well in competition law enforcement, and what drives and distinguishes good performance from less desirable outcomes. To do so, it analyses the application of competition law to technology and communications markets. This choice of focus reflects particularly pronounced issues that have arisen in relation […]

JULY-10(2)

In this issue: This issue, organized by guest editor Glen Weyl, concerns one of the hottest topics in antitrust and economics—two-sided markets. Understanding the distinction between conventional and two-sided markets is a necessary challenge for practitioners, corporate executives, and regulators alike; our writers investigate some of these differences. Lapo Filistrucchi questions how many markets are, […]

CPI 3(1)

Antitrust with Intellectual Property Damien Geradin, Anne Layne-Farrar, Apr 19, 2007 The Logic and Limits of Ex Ante Competition in a Standard-Setting Environment Some scholars have questioned the process by which cooperative standards are typically set, worrying about the potential for anticompetitive market power to come hand in hand with pro-competitive interoperability. Richard Gilbert, Apr […]

The Two Sides of the Cartes Bancaires Ruling: Assessment of the Two-Sided Nature of Card Payment Systems Under Article 101(1) TFEU and Full Judicial Scrutiny of Underlying Economic Analysis

Frederic Pradelles, Andreas Scordamaglia-Tousis, Jan 30, 2015 The European Court of Justice recently delivered two seminal rulings in Groupement des Cartes Bancaires v Commission and MasterCard v Commission. These two judgments brought much awaited clarification to the application of Article 101 of the Treaty on the Functioning of the European Union (“TFEU”) in two important […]

Platform Competition in Two-Sided Markets

Jean-Charles Rochet, Jean Tirole, Jan 30, 2015 Many if not most markets with network externalities are two-sided. To succeed, platforms in industries such as software, portals and media, payment systems and the Internet, must “get both sides of the market on board.” Accordingly, platforms devote much attention to their business model, that is, to how […]

Both Sides Now: A Brief Reflection on the Two-Sided Market Debate

James Musgrove, Jun 13, 2013 At the 2013 American Bar Association Section of Antitrust Law Spring Meeting I had the honor to chair a session entitled Both Sides Now: What’s Special About Two Sided Markets? The program benefitted from the participation of some of the leading legal and economic thinkers on this issue, including Dr. […]

Should Multisided Markets Receive This Much Attention?

Owen Kendler, Jun 13, 2013 The antitrust community talks perennially about multisided or two-sided markets. At first glance, this attention may appear misplaced. The courts have not reached a final decision in a litigated case involving a multisided market since 2003, when the Court of Appeals for the Second Circuit affirmed the U.S. Government’s win […]

The Antitrust Economics of Free

David Evans, May 20, 2011 This article examines antitrust analysis when one of the possible subject products of an antitrust or merger is ordinarily offered at a zero price. It shows that businesses often offer a product for free because it increases the overall profits they can earn from selling the free product and a […]

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