Facebook is still open to manipulation by malicious political actors; the dialysis industry has spent over $100 million to fight a ballot measure that seeks to regulate it; AT&T does everything it promised not to do in its defense of the Time Warner merger; and can tech workers help police their own employers?
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Corporate executives warm up to Brazil’s far-right presidential candidate Jair Bolsonaro; the US is developing into a “plutocracy,” says former Fed chairman; Tim Cook blasts Silicon Valley’s “data-industrial complex”; and what is McKinsey’s relationship with Saudi Arabia?
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Facebook’s WhatsApp finds itself at the center of Brazil’s political upheaval; the EU is pushing ahead with its planned tax on tech platforms; Trump’s replacement for NAFTA entrenches tech monopolies; and why does Uber love economists?
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A new Stigler Center working paper finds that ride-sharing actually increases the number of new car registrations and fatal accidents.
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This week in political economy.
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Close-knit networks, like guilds and taxi associations, are helpful in enhancing trust and reliability. Yet they can also become exclusive and rent-seeking.
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The recent revelations regarding the interactions between Chicago mayor Rahm Emanuel and former Uber executive and Obama adviser David Plouffe suggest that the real action in the U.S. lobbying game takes place under the surface. The billions of dollars invested in lobbying every year, and the thousands of registered lobbyists, are only the tip of the influence-peddling iceberg.
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In this second part of our two-part interview with Maurice Stucke and Ariel Ezrachi, the two discuss how competition authorities can mitigate tacit collusion in the age of big data and artificial intelligence and how antitrust could adapt to the new dynamic of the market.
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Maurice E. Stucke from the University of Tennessee Knoxville and Ariel Ezrachi of Oxford University explain how big data and artificial intelligence can be used to facilitate collusion and potentially harm consumers. The first part of a two-part interview.
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New study by researchers at the Mercatus Center at George Mason University highlights the need to rethink taxi regulations.
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Uber’s chief advisor in a conversation with Chicago Booth professor Guy Rolnik: “We’re called a disruptive company—I think it’s more accurate to call us an additive company.”
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