Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism and solve our disinformation problem unless we weaken monopolies’ power.
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Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism and solve our disinformation problem unless we weaken monopolies’ power.
Read moreThe growing use of artificial intelligence to price insurance could erode basic legal protections built into the law to protect both individuals and the insurance market. To prevent discrimination and ensure fairness, regulators must begin to develop new capacities and tools.
Read moreThe notion that Facebook, Google, and Twitter should be assigned fiduciary duties toward their end users has gained broad support in recent years. However, this proposed framework invites policy misfires since it fails to grapple with the structural dimensions of tech platforms’ power.
Read moreDigital platforms present an enforcement challenge sufficiently daunting that it requires major reforms to antitrust law. But in order to restore lost competition, we need more than antitrust reform; we need better regulators. And for both, we need Congress to act.
Read moreAt 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 of a new regulatory agency to oversee digital platforms.
Read moreThe four reports that will be presented at the Stigler Center’s Digital Platforms, Markets and Democracy conference offer a compelling case for regulatory action and a very powerful array of solutions.
Read moreWhile 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 Stigler Center’s Digital Platforms Project proposes ways to reform antitrust law and regulation in order to adequately deliver competition to consumers.
Read moreDigital platforms present a new formidable threat to the news media that market forces will not correct if left to their own devices. The media subcommittee of the Stigler Center’s Digital Platforms Project proposes ways to strengthen independent, strong, and rigorous accountability journalism.
Read moreAhead of its annual conference on Digital Platforms, Markets and Democracy, the Stigler Center formed a committee to produce independent white papers that will inform policymakers on how to address the political and economic issues raised by tech platforms. In preparation for the conference, we are publishing the executive summary of each preliminary report.
Read moreThe “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place of this vague, subjective, easily manipulated, and fundamentally corrupt framework, we propose a system of simple rules that is true to the original American approach to building and protecting an open and democratic society.
Read morePrivacy law is currently being shaped and implemented by a new industry of third-party tech vendors. These companies code their own interpretations of privacy laws into the designs of their products, but many are doing so without legal expertise.
Read moreSome features of the capital regulation that was designed to increase the safety of the financial system may have unintended consequences on the competitive environment, argues new study.
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