big tech
Economists Agree That Stronger Legal Liability for Online Platforms Would Reduce Disinformation
Will increasing the liability of internet platforms mitigate disinformation? Economists weighed in on the effects of limiting or repealing protections for Big Tech through a recent survey from the Forum for the Kent A. Clark Center for Global Markets—previously the Initiative on Global Markets—at the University of Chicago Booth School of Business.
How To Handle Big Tech Acquisitions Under Uncertainty
The Federal Trade Commission recently failed to stop Meta’s acquisition of virtual reality company Within, while the Department of Justice is now attempting to...
Understanding the DOJ’s Decision To Seek a Jury Trial in the Google Ad Tech Case
The Department of Justice recently sued Google for conduct relating to its ad tech services, accusing the search giant of unlawful monopolization. In an...
Antitrust Needs Better Models for Estimating Social Welfare in the Digital Age
In a forthcoming article, Seth Benzell and Felix Chang explore how antitrust regulators can use insights from a new quantitative model of Facebook that...
Self-Preferencing Theories Need To Account for Exploitative Abuse
Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take into consideration...
Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote it? While...
User Hesitancy Increases Online Platforms’ Incumbency Advantage
“Incumbency advantage” among Big Tech platforms recognizes that network effects prevent users from leaving established platforms for emerging competitors. Gary Biglaiser, Jacques Crémer, and...
Event Notes: “China’s Political Economy” in Review
The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first four panels...
Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices
Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills is heavily...
Why Streaming Doesn’t Pay
An excerpt from a new book, Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win Them Back,...
