Competition and big tech firms Big tech firms in digital markets are at the forefront of the public policy debate because of the central role they play in today's economy and society. A small number of firms dominate their respective markets, from online retailing to operating systems and from social networking to online search. These concentrations of economic power, along with concerns about anti-competitive conduct, have focused a lot of attention on these digital giants. Several of these firms have recently been or are currently under investigation by antitrust authorities in the USA, China and the European Union. Choose one or two of these markets and describe the alleged problems facing competition. Is high concentration leading to high profits and harming consumers and social welfare or are these firms dominant because they are efficient and provide good value to consumers? What are the most appropriate policy responses? A good selection of academic articles was published in a special issue of Information Economics and Policy on “Antitrust in the digital economy”: Shapiro’s ‘Protecting Competition in the American Economy: Merger Control, Tech Titans, Labor Markets’, Journal of Economic Perspectives (2019) provides good background. There is also useful discussion of the economic questions and policy options in various issues of the Economist (a search using keyword “antitrust and big tech” on the Economist website returns more than 10 leading or survey articles in the last few years). And you can search the internet for more. "write down the term paper using that links above"
Competition and big tech firms
Big tech firms in digital markets are at the forefront of the public policy debate because of the central role they play in today's economy and society. A small number of firms dominate their respective markets, from online retailing to operating systems and from social networking to online search. These concentrations of economic power, along with concerns about anti-competitive conduct, have focused a lot of attention on these digital giants. Several of these firms have recently been or are currently under investigation by antitrust authorities in the USA, China and the European Union.
Choose one or two of these markets and describe the alleged problems facing competition. Is high concentration leading to high profits and harming consumers and social welfare or are these firms dominant because they are efficient and provide good value to consumers? What are the most appropriate policy responses?
A good selection of academic articles was published in a special issue of Information Economics and Policy on “Antitrust in the digital economy”: Shapiro’s ‘Protecting Competition in the American Economy: Merger Control, Tech Titans, Labor Markets’, Journal of Economic Perspectives (2019) provides good background. There is also useful discussion of the economic questions and policy options in various issues of the Economist (a search using keyword “antitrust and big tech” on the Economist website returns more than 10 leading or survey articles in the last few years). And you can search the internet for more. "write down the term paper using that links above"
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