Digital Economy

Algorithms and AI Are Radically Changing Insurance. Regulators Are Behind the Curve

The growing use of artificial intelligence to price insurance could erode basic legal protections built into the law to protect both individuals and the...

Designating Tech Platforms as “Information Fiduciaries” Would Do Little to Address the Source of Their Power

The notion that Facebook, Google, and Twitter should be assigned fiduciary duties toward their end users has gained broad support in recent years. However, this...

Did Facebook and Google “Blackmail” EU Experts to Avoid Discussing Their Market Power?

A new report by the journalist network Investigate Europe claims representatives of Facebook and Google pressured members of an EU working group on fake...

“Facebook Is Unaccountable to Shareholders, to its Users, to Government”

At the Stigler Center’s annual competition conference, Facebook co-founder Chris Hughes called for the unwinding of Facebook’s WhatsApp and Instagram acquisitions and the creation...

How to Protect Competition and Consumers in Digital Markets

While some markets may self-correct, rapid self-correction in markets dominated by large digital platforms is unlikely. The economy and market structure subcommittee of the...

How to Address the Privacy and Security Challenges Posed by Big Tech

The idiosyncrasies of the American approach to regulation have left the world’s largest economy ill-equipped to protect consumers and guide firms when it comes...

How to Protect the News Media in the Age of Digital Platforms

Digital platforms present a new formidable threat to the news media that market forces will not correct if left to their own devices. The...

How to Mitigate the Political Impacts of Social Media and Digital Platform Concentration

Ahead of its annual conference on Digital Platforms, Markets and Democracy, the Stigler Center formed a committee to produce independent white papers that will...

The Political Footprint of Big Tech in Five Easy Charts

Big tech firms have been active in Washington since the early days of the Microsoft antitrust case, but in recent years they have increased...

When We Outsource Privacy Compliance, We May Undermine Privacy Protection

Privacy law is currently being shaped and implemented by a new industry of third-party tech vendors. These companies code their own interpretations of privacy...

LATEST NEWS

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...

Bethany McLean’s Weekend Reading List: Robinhood, Quibi, and Corporate America’s Addiction to Debt

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

How Germany Managed to Outlaw Facebook’s Core Business Model

In a surprise ruling last month, the German Federal Court of Justice determined that Facebook must comply with an earlier decision by...

Tailoring Lockdowns for Developing Countries

The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming...

Why Most Advertisers Can’t Afford to Boycott Facebook

While big brands can afford to pause their addiction to Facebook, most advertisers cannot participate, as they have become so dependent on...