Law Firm
In its “Big Read” article, “Policing the digital cartels:
Price-setting algorithms mean regulators must now tackle collusion among machines,” the Financial Times extensively quotes Maurice Stucke and his research with Ariel Ezrachi in their recent book Virtual Competition.
The article is available here.
The UK Times Higher Edication magazine selected Ariel Ezrachi and Maurice Stucke’s new book, Virtual Competition, as book of the week.
Julia Powles writes:
“Unravelling the competition (or, to our American friends, antitrust) dimensions of the data-driven economy demands someone of the fearless but measured tenacity of Holmes or, indeed, Vestager. It requires penetrating a wall of rhetoric and myth, and a deep familiarity with competition policy’s objectives and limitations.
This is the task that two of the world’s leading competition law scholars, Ariel Ezrachi and Maurice Stucke, have set themselves in Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy. This highly readable and authoritative account sets out the ways that platforms have replaced the invisible hand with a digitised one – a hand that is human-engineered, subject to corporate control and manipulation, and prone to charges of unlawfulness, on three fronts in particular. First, collusion. Second, behavioural discrimination. And third, asymmetric ‘frenemy’ dynamics, such as that between Uber and the super-platforms Google and Apple, which distort competition through extraction and capture.”
She also favorably reviews Allen Grunes and Maurice Stucke’s “brilliantly executed” new book, Big Data and Competition Policy” (2016):
“Co-authored by Stucke, this time with the distinguished US anti-trust practitioner Allen Grunes, it contains a detailed analysis of merger and antitrust cases and lucidly explores the interplay between privacy and competition in a way that neatly sets up the analysis, and fills some of the gaps, in Virtual Competition.”
The review is available here.
In its article, “Cartelli digitali: dimmi chi sei e ti farò il prezzo più alto” about algorithm-fuelled collusion, the Italian newspaper relies on the research by Ariel Ezrachi and Maurice Stucke in their new book, Virtual Competition.
The article is available here.
In its article, “This ‘Aggregator’ App for Uber and Lyft Rides Hopes to Make the Cut,” Fortune Magazine quotes Maurice Stucke:
“Maurice Stucke, of the Konkurrenz Group, told Fortune that this Uber’s approach can be especially problematic if its policy’s purpose is to protect the company’s monopoly or help it become one. ‘The greater the risk that the price transparency would let consumers find the better price, the greater the anti-trust risk,’ said Stucke.”
The article is available here.
In “They Have, Right Now, Another You,” Sue Halpern favorably reviews Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy, which Maurice Stucke co-authored with Ariel Ezrachi, and Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy.
The review in the Dec. 22, 2016 New York Review of Books is available here.
John Naughton, in “How do you throw the book at an algorithm?,” favorably reviewed Virtual Competition, which Maurice Stucke co-authored with Ariel Ezrachi.
The December 4 article in the Guardian is available here.
In his article, “Be Warned: How Apple, Amazon, Facebook and Google Just Might Control the World:
Technology is a two-edged sword. But not for the reason you might expect,” Justin Bariso discussed the work by Maurice Stucke and Ariel Ezrachi on digital assistants.
The December 1 article is available here.
Maurice Stucke and Ariel Ezrachi discuss in their Wired article the significant social, political, and economic concerns of the four super-platforms’ digital personal assistants (Apple’s Siri, Amazon’s Alexa and Echo, Facebook’s M, and Google’s Assistant and Home).
The article can be found here.
In “The Invisible Digital Hand:Thanks to sophisticated data about their potential customers, online sellers engage in ‘almost perfect’ behavioral price discrimination,” Burton G. Malkiel provides a favorable review of Virtual Competition, which Maurice Stucke co-authored with Ariel Ezrachi:
“Virtual Competition” displays a deep understanding of the internet world and is outstandingly researched. The polymath authors illustrate their arguments with relevant case law as well as references to studies in economics and behavioral psychology. There are almost 100 pages of endnotes. But the writing is clear and lucid, and the text is sprinkled with wonderful illustrative vignettes.
The Wall Street Journal review is available here.
Kevin Carty, in his article “An Unpredictable Upcoming Matchup: Donald Trump vs. Big Business,” quotes Maurice Stucke:
Maurice Stucke, a professor at the University of Tennessee College of Law, says it is vital that anti-monopoly regulators focus on internet goliaths. As “we transition into a data-driven economy, several of the significant shortcomings [of the Chicago School] are magnified,” he said. For one, the Chicago School’s focus on efficiency and prices is ill-equipped for the online market, in which many products are free but some companies still are able to engage in anti-competitive behavior.
The November 16, 2016 article in The Atlantic is available here.