Is There a Problem with Competition?

The University of Chicago’s Stigler Center hosted an event, Is There a Problem with Competition? Professors Dennis Carlton (Chicago Booth), Ariel Ezrachi (Oxford), and Maurice Stucke discussed whether there can be too much competition, whether antitrust policy needs reform, and potential paths forward – all topics covered in Maurice Stucke and Ariel Ezrachi’s book, Competition Overdose. The conversation was moderated by ProMarket managing editor Jana Kasperkevic.
The video of the event, which drew nearly 300 participants, is available on the Stigler Center’s YouTube page, https://www.youtube.com/c/StiglerCenter/videos.

INET Publishes Maurice Stucke’s Latest Essay on Data-opolies

The Institute for New Economic Thinking published Maurice Stucke’s latest essay, Antitrust Spring.
 
It first outlines the emerging consensus among policymakers and enforcers on several attributes of the digital platform economy.
 
To understand why these data-opolies’ power is so durable, and how they successfully leveraged their power into other markets, the Essay next outlines three anticompetitive tactics these data-opolies employ: the now-casting radar, the acquire-copy-kill (“ACK”) strategy, and the Venus flytrap strategy for opening and then closing their platforms.
 
As neither market forces nor current laws deter this anticompetitive behavior, Part III summarizes ten promising reforms that are being proposed to rein in these data-opolies.
 
The Essay concludes with signs of hope.

NY Times Quotes Maurice Stucke

In their December 16, 2020 article, 10 States Accuse Google of Abusing Monopoly in Online Ads, David McCabe and Daisuke Wakabayashi quote Maurice Stucke:
Maurice Stucke, a law professor at the University of Tennessee and co-author of “Competition Overdose,” said that the online ad industry stands out as a place where regulators should look, and noted that it has also caught the attention of regulators in Australia, France and Britain.
“In no other market do you have one entity that represents most of the buyers, most of the sellers and controls the leading exchange,” he said. “You can create a system that on the surface looks robustly competitive but it really isn’t.”
The allegations of collusion with Facebook stood out, Mr. Stucke said, since such examples of anticompetitive behavior are usually seen as the linchpin of a strong antitrust case — the type of evidence that should interest more states and even the Justice Department.