Algorithmic Antitrust

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Algorithmic Antitrust

Author : Aurelien Portuese
Publisher : Springer Nature
ISBN 13 : 3030858596
Total Pages : 182 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Algorithmic Antitrust by : Aurelien Portuese

Download or read book Algorithmic Antitrust written by Aurelien Portuese and published by Springer Nature. This book was released on 2022-01-21 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Algorithms are ubiquitous in our daily lives. They affect the way we shop, interact, and make exchanges on the marketplace. In this regard, algorithms can also shape competition on the marketplace. Companies employ algorithms as technologically innovative tools in an effort to edge out competitors. Antitrust agencies have increasingly recognized the competitive benefits, but also competitive risks that algorithms entail. Over the last few years, many algorithm-driven companies in the digital economy have been investigated, prosecuted and fined, mostly for allegedly unfair algorithm design. Legislative proposals aim at regulating the way algorithms shape competition. Consequently, a so-called “algorithmic antitrust” theory and practice have also emerged. This book provides a more innovation-driven perspective on the way antitrust agencies should approach algorithmic antitrust. To date, the analysis of algorithmic antitrust has predominantly been shaped by pessimistic approaches to the risks of algorithms on the competitive environment. With the benefit of the lessons learned over the last few years, this book assesses whether these risks have actually materialized and whether antitrust laws need to be adapted accordingly. Effective algorithmic antitrust requires to adequately assess the pro- and anti-competitive effects of algorithms on the basis of concrete evidence and innovation-related concerns. With a particular emphasis on the European perspective, this book brings together experts and scrutinizes on the implications of algorithmic antitrust for regulation and innovation.

Algorithmic Antitrust

Author : Aurelien Portuese
Publisher : Springer
ISBN 13 : 9783030858612
Total Pages : 0 pages
Book Rating : 4.8/5 (586 download)

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Book Synopsis Algorithmic Antitrust by : Aurelien Portuese

Download or read book Algorithmic Antitrust written by Aurelien Portuese and published by Springer. This book was released on 2023-01-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Algorithms are ubiquitous in our daily lives. They affect the way we shop, interact, and make exchanges on the marketplace. In this regard, algorithms can also shape competition on the marketplace. Companies employ algorithms as technologically innovative tools in an effort to edge out competitors. Antitrust agencies have increasingly recognized the competitive benefits, but also competitive risks that algorithms entail. Over the last few years, many algorithm-driven companies in the digital economy have been investigated, prosecuted and fined, mostly for allegedly unfair algorithm design. Legislative proposals aim at regulating the way algorithms shape competition. Consequently, a so-called “algorithmic antitrust” theory and practice have also emerged. This book provides a more innovation-driven perspective on the way antitrust agencies should approach algorithmic antitrust. To date, the analysis of algorithmic antitrust has predominantly been shaped by pessimistic approaches to the risks of algorithms on the competitive environment. With the benefit of the lessons learned over the last few years, this book assesses whether these risks have actually materialized and whether antitrust laws need to be adapted accordingly. Effective algorithmic antitrust requires to adequately assess the pro- and anti-competitive effects of algorithms on the basis of concrete evidence and innovation-related concerns. With a particular emphasis on the European perspective, this book brings together experts and scrutinizes on the implications of algorithmic antitrust for regulation and innovation.

Virtual Competition

Author : Ariel Ezrachi
Publisher : Harvard University Press
ISBN 13 : 0674545478
Total Pages : 365 pages
Book Rating : 4.6/5 (745 download)

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Book Synopsis Virtual Competition by : Ariel Ezrachi

Download or read book Virtual Competition written by Ariel Ezrachi and published by Harvard University Press. This book was released on 2016-11-14 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A fascinating book about how platform internet companies (Amazon, Facebook, and so on) are changing the norms of economic competition.” —Fast Company Shoppers with a bargain-hunting impulse and internet access can find a universe of products at their fingertips. But is there a dark side to internet commerce? This thought-provoking exposé invites us to explore how sophisticated algorithms and data-crunching are changing the nature of market competition, and not always for the better. Introducing into the policy lexicon terms such as algorithmic collusion, behavioral discrimination, and super-platforms, Ariel Ezrachi and Maurice E. Stucke explore the resulting impact on competition, our democratic ideals, our wallets, and our well-being. “We owe the authors our deep gratitude for anticipating and explaining the consequences of living in a world in which black boxes collude and leave no trails behind. They make it clear that in a world of big data and algorithmic pricing, consumers are outgunned and antitrust laws are outdated, especially in the United States.” —Science “A convincing argument that there can be a darker side to the growth of digital commerce. The replacement of the invisible hand of competition by the digitized hand of internet commerce can give rise to anticompetitive behavior that the competition authorities are ill equipped to deal with.” —Burton G. Malkiel, Wall Street Journal “A convincing case for the need to rethink competition law to cope with algorithmic capitalism’s potential for malfeasance.” —John Naughton, The Observer

Algorithms, Collusion and Competition Law

Author : Steven Van Uytsel
Publisher : Edward Elgar Publishing
ISBN 13 : 1802203044
Total Pages : 281 pages
Book Rating : 4.8/5 (22 download)

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Book Synopsis Algorithms, Collusion and Competition Law by : Steven Van Uytsel

Download or read book Algorithms, Collusion and Competition Law written by Steven Van Uytsel and published by Edward Elgar Publishing. This book was released on 2023-01-20 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is algorithmic collusion? This evaluative book provides an insight into tackling this important question for competition law, with contrasting critical perspectives, including theoretical, empirical, and doctrinal – the latter frequently from a comparative perspective. Bringing together scholarly discussion on algorithmic collusion, the book questions whether competition law is adeptly equipped to deal with its various facets.

Virtual Competition

Author : Ariel Ezrachi
Publisher : Harvard University Press
ISBN 13 : 0674973356
Total Pages : 365 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Virtual Competition by : Ariel Ezrachi

Algorithmic Antitrust

Author : Cento Veljanovski
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Algorithmic Antitrust by : Cento Veljanovski

Download or read book Algorithmic Antitrust written by Cento Veljanovski and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of recent developments in algorithmic antitrust, and the economics and legal issues raised in the areas of abuse of dominance, algorithmic pricing and collusion, and mergers and acquisition. The general theme is that while much has been made of the possible anticompetitive effects of the large digital platforms there is little hard evidence to support the core premises of the current 'tech lash'

The Antitrust Paradox

Author : Robert Bork
Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)

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Book Synopsis The Antitrust Paradox by : Robert Bork

Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

Competition and Regulation in the Data Economy

Author : Gintarè Surblytė-Namavičienė
Publisher : Edward Elgar Publishing
ISBN 13 : 1788116658
Total Pages : 296 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Competition and Regulation in the Data Economy by : Gintarè Surblytė-Namavičienė

Download or read book Competition and Regulation in the Data Economy written by Gintarè Surblytė-Namavičienė and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This incisive book provides a much-needed examination of the legal issues arising from the data economy, particularly in the light of the expanding role of algorithms and artificial intelligence in business and industry. In doing so, it discusses the pressing question of how to strike a balance in the law between the interests of a variety of stakeholders, such as AI industry, businesses and consumers.

Algorithmic Pricing & Collusion; The Limits of Antitrust Enforcement

Author : Sumit Bhadauria
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Algorithmic Pricing & Collusion; The Limits of Antitrust Enforcement by : Sumit Bhadauria

Download or read book Algorithmic Pricing & Collusion; The Limits of Antitrust Enforcement written by Sumit Bhadauria and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The combination of big data, large storage capacity and computational power has strengthened the emergence of algorithms in making myriads of business decision. It allows business to gain a competitive advantage by making automatic and optimize decision making. In particular, the use of pricing algorithms allows business to match the demand and supply equilibrium by monitoring & setting dynamic pricing. It benefits consumer alike to see and act on fast changing prices. However, on the downside, the widespread use of algorithm in an industry has the effect of altering the structural characteristic of market such as price transparency, high speed trading which increases the likelihood of collusion. The ability of pricing algorithm to solve the cartel incentive problem by quickly detecting and punishing the deviant further strengthen the enforcement of price fixing agreement. In addition, the use of more advance forms of algorithm such as self-learning algorithm allows business to achieve a tacitly collusive outcome in limited market characteristic even without communication between humans. This raises the fundamental challenge for anti-cartel enforcement as the current law in most jurisdictions is ill-equipped to deal with algorithmic facilitated tacit collusion. The legality of tacit collusion is questionable primarily because the pricing algorithm has the ability to alter the market characteristics where the tacitly collusive outcome is difficult to achieve; thus widening the scope of the so-called 'oligopoly problem'. This paper studies the usages of pricing algorithms by business in online markets. In particular, the paper identify the conditions under which the algorithm prices causes the harm to consumers. It seeks to analyze how algorithms might facilitate or even causes the collusive outcome without human interventions. Further, it looks at the legal challenges faced by the competition authorities around the globe to deal with the algorithmic let collusion and examine the various approaches suggested to counter act it.

Digital Competition Law in Europe

Author : Marc Wiggers
Publisher : Kluwer Law International B.V.
ISBN 13 : 940351177X
Total Pages : 364 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Digital Competition Law in Europe by : Marc Wiggers

Download or read book Digital Competition Law in Europe written by Marc Wiggers and published by Kluwer Law International B.V.. This book was released on 2023-07-14 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Digital competition’, a term and concept that has risen to the forefront of competition law, may be viewed as both promising and cautionary: on the one hand, it brings the promises of increased speed, efficiency and objectivity, and, on the other, it entails potential pitfalls such as hard-to-identify pathways to unfair pricing, dominant positions and their potential abuse, restriction of choice and abuse of personal data. Accordingly, jurisdictions around the world are taking measures to deal with the phenomenon. In this concise but thoroughly researched book – both informative and practical – lawyers from two prominent firms with specialised digital competition teams take stock and examine the state of digital competition in the enforcement practices of six competition authorities in Europe, most of these forerunners in the field of digital competition policy and enforcement. The competition authorities surveyed are those of the European Union, the United Kingdom, France, Germany, the Netherlands and Belgium. For each, an overview, spanning the period from 2012 to mid-2022 but including as many landmark cases as possible up to and including December 2022, includes not only landmark cases in which digital technologies have had a significant impact on the competition law outcome but also guidance documents such as speeches, policy statements, industry surveys and research reports. Activities and enforcement practices of the various authorities include the following and more: degree of activity; focus of the activity; enforcement styles; enforcement instruments; visible effectiveness of enforcement; and important insights and outlooks. Each overview contains separate chapters on cartel prohibition, the prohibition of abuse of a dominant position and merger control. Additional chapters – partially written by guest authors (who are all without a doubt true thought leaders: Tristan Byrne, Giuseppe Colangelo, Ai Deng, Teodora Groza, Daniel Mândrescu, Wolf Sauter, Thibault Schrépel, and Gareth Shier) – evaluate the similarities and differences in the enforcement practices and the positive and negative effects of digital competition in the jurisdictions investigated, the economic context, the most important game changers, and a concluding chapter offers recommendations. An indispensable guide to quickly and accessibly acquiring in-depth knowledge of competition law in the digital sector, this matchless volume is a must-read for any practitioner or academic who encounters competition law related to digital markets. The dilemmas and challenges of the new competition law reality – which is here already, like it or not – are clearly explained here for the benefit of regulators, academics, policymakers, judges, in-house counsel and lawyers specialising in competition law and intellectual property law.

The Cambridge Handbook of the Law of Algorithms

Author : Woodrow Barfield
Publisher : Cambridge University Press
ISBN 13 : 1108663184
Total Pages : 1327 pages
Book Rating : 4.1/5 (86 download)

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Book Synopsis The Cambridge Handbook of the Law of Algorithms by : Woodrow Barfield

Download or read book The Cambridge Handbook of the Law of Algorithms written by Woodrow Barfield and published by Cambridge University Press. This book was released on 2020-11-05 with total page 1327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Algorithms are a fundamental building block of artificial intelligence - and, increasingly, society - but our legal institutions have largely failed to recognize or respond to this reality. The Cambridge Handbook of the Law of Algorithms, which features contributions from US, EU, and Asian legal scholars, discusses the specific challenges algorithms pose not only to current law, but also - as algorithms replace people as decision makers - to the foundations of society itself. The work includes wide coverage of the law as it relates to algorithms, with chapters analyzing how human biases have crept into algorithmic decision-making about who receives housing or credit, the length of sentences for defendants convicted of crimes, and many other decisions that impact constitutionally protected groups. Other issues covered in the work include the impact of algorithms on the law of free speech, intellectual property, and commercial and human rights law.

Women in Antitrust

Author : Verônica de Castro Lameira
Publisher : Editora Singular
ISBN 13 : 6586352924
Total Pages : 151 pages
Book Rating : 4.5/5 (863 download)

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Book Synopsis Women in Antitrust by : Verônica de Castro Lameira

Download or read book Women in Antitrust written by Verônica de Castro Lameira and published by Editora Singular. This book was released on 2023-11-05 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first international book of the Women in Antitrust Network and we could not be more grateful for the opportunity to carry out this project and happier with the result. The ambition to organize a book written by women from different countries and nationalities rose from the success of the national book "Mulheres no Antitruste", which is already in its 6th edition, as well as from the WIA's dream of expanding the reach of its projects and introducing them to women from antitrust academic community outside Brazil. Aiming to understand and pursue the most recent discussions on Antitrust Law in different jurisdictions, we invited brilliant authors to contribute with unpublished articles about topics they considered most relevant and pertinent. Furthermore, in order to cover even more recent topics, with subjects still under discussion, we included a section in the book dedicated to shorter and already published articles and papers in order to make the book updated and informative. Thus, the WIA Network's first international book brings new and relevant contributions to the academic antitrust community, while highlighting recent discussions, which can encourage readers to develop new studies and research. The authors were selected amongst women who are dedicated to understanding and resolving relevant issues of Antitrust Law and were essential to the achievement of this project. To this end, this book went through a long process, taking two years of dedication from the WIA Academic Coordination. We have selected the invited authors, sent the invitations, organized the agendas to meet the authors' deadlines, chosen the articles already published – which make up the Session 2 of the book – and, finally, analyzed, reviewed, and edited the articles.

The Cambridge Handbook of Antitrust, Intellectual Property, and High Tech

Author : Roger D. Blair
Publisher : Cambridge University Press
ISBN 13 : 1108211178
Total Pages : 873 pages
Book Rating : 4.1/5 (82 download)

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Book Synopsis The Cambridge Handbook of Antitrust, Intellectual Property, and High Tech by : Roger D. Blair

Download or read book The Cambridge Handbook of Antitrust, Intellectual Property, and High Tech written by Roger D. Blair and published by Cambridge University Press. This book was released on 2017-04-07 with total page 873 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Cambridge Handbook, edited by Roger D. Blair and D. Daniel Sokol, brings together a group of world-renowned professors in the fields of law and economics to assess the theory and practice of antitrust, intellectual property, and high tech. With the increased globalization of antitrust, a better understanding of how law and economics shape this interface will help academics, policymakers, and practitioners to understand the existing state of academic literature, its limits, and its relevance to real-world antitrust. The book will be an essential resource for anyone seeking to understand academic and policy considerations shaping the world of antitrust, intellectual property, and high tech.

Blockchain + Antitrust

Author : Schrepel, Thibault
Publisher : Edward Elgar Publishing
ISBN 13 : 1800885539
Total Pages : 304 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis Blockchain + Antitrust by : Schrepel, Thibault

Download or read book Blockchain + Antitrust written by Schrepel, Thibault and published by Edward Elgar Publishing. This book was released on 2021-09-21 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative and original book explores the relationship between blockchain and antitrust, highlighting the mutual benefits that stem from cooperation between the two and providing a unique perspective on how law and technology could cooperate.

A Commissioner’s Primer to Economics of Competition Law in India

Author : Geeta Gouri
Publisher : Springer Nature
ISBN 13 : 9811994765
Total Pages : 258 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis A Commissioner’s Primer to Economics of Competition Law in India by : Geeta Gouri

Download or read book A Commissioner’s Primer to Economics of Competition Law in India written by Geeta Gouri and published by Springer Nature. This book was released on 2023-03-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a primer on economics of competition law by a Commissioner based on cases of the Competition Commission of India (CCI). It presents economic theories in lucid ways while providing an in depth economic analysis of the cases dealt by CCI and in the process, it blends the diversity of responses by including the orders upheld by majority and minority. In essence. It is a unique work that addresses the gap between competition law and economics.

Separation of Powers and Antitrust

Author : Vincent Martenet
Publisher : Cambridge University Press
ISBN 13 : 1009357255
Total Pages : 243 pages
Book Rating : 4.0/5 (93 download)

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Book Synopsis Separation of Powers and Antitrust by : Vincent Martenet

Download or read book Separation of Powers and Antitrust written by Vincent Martenet and published by Cambridge University Press. This book was released on 2023-10-31 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative book on the concentration of power which examines the combined perspectives of separation of powers and antitrust in democracy.

When Demotion is Competition

Author : Aurelien Portuese
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis When Demotion is Competition by : Aurelien Portuese

Download or read book When Demotion is Competition written by Aurelien Portuese and published by . This book was released on 2019 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 27 June 2017, the European Commission fined Google €2.42 billion for “abusing dominance as search engine by giving illegal advantage to own comparison shopping service.” Allegedly, Google has algorithmically manipulated the search results of products in order to promote its own platform, Google Shopping, at the expense of competitors. According to the European Commission, it has infringed Article 102 TFEU because it i) “has systematically given prominent placement to its own comparison shopping service” and ii) “has demoted rival comparison shopping services in its search results.” In a nutshell, the European Commission blames Google on two different grounds for the same thing: promotion of its own services, and demotion of its competitors' services. But, demotion -- meaning, the reduction in the ranking of some things or some individuals -- is merely the exact opposite of promotion -- meaning, the enhancement in the ranking of other things or other individuals. From economics perspective, both conducts are equivalent since increasing the prices to rivals' products is similar to lowering the prices to one's own products. Therefore, the case is essentially a case against self-promotion. No current antitrust infringement has clearly helped the Commission in its ambition of fining Google: only recourse to dubious regulatory principles in disguise (II.) and the misconception of self-promotion in algorithm-driven strategies (III.) have enabled the Commission to impose an innovation-deterring fine.