🚨 Updated paper alert 🚨
"Market microstructure and informational complexity" with @GuthmannR
Why do we have organized markets with intermediaries like NYSE or Amazon?
Our answer: they drastically reduce the information burden on everyone else.
Here's how we get there 🧵
"Market microstructure and informational complexity" with @GuthmannR
Why do we have organized markets with intermediaries like NYSE or Amazon?
Our answer: they drastically reduce the information burden on everyone else.
Here's how we get there 🧵
I have no clue whether this is plausible and innovation measures are always tricky, especially historically.
But this will definitely break some antitrusters brains
But this will definitely break some antitrusters brains
"Claims in social science papers should have a bite, they should be bold, and they should be potentially wrong...
“The history of the Soviet Union demonstrates the intellectual bankruptcy of communism as an ideal.”
Now we can begin a contested conversation..."-@PeterBoettke
“The history of the Soviet Union demonstrates the intellectual bankruptcy of communism as an ideal.”
Now we can begin a contested conversation..."-@PeterBoettke
And there is a whole ton in the field on the fundamental question:
How is order produced from freedom of choice?journals.plos.org/plosone/articl…
How is order produced from freedom of choice?journals.plos.org/plosone/articl…
Tying law quickly gets complicated and this is really on a narrow issue about single-brand aftermarkets.
But if you blow that up, tying law quickly would stifle competition and innovation.
For more, read our full brief here
https://x.com/BrianCAlbrecht/status/1986467370974707942?t=4IM1RRlSmhyDIUoZrD3Tcw&s=19
But if you blow that up, tying law quickly would stifle competition and innovation.
For more, read our full brief here
https://x.com/BrianCAlbrecht/status/1986467370974707942?t=4IM1RRlSmhyDIUoZrD3Tcw&s=19
X (formerly Twitter)
Brian Albrecht (@BrianCAlbrecht) on X
Tying law quickly gets complicated and this is really on a narrow issue about single-brand aftermarkets.
But if you blow that up, tying law quickly would stifle competition and innovation.
For more, read our full brief here https://t.co/c2jeUYbSop
But if you blow that up, tying law quickly would stifle competition and innovation.
For more, read our full brief here https://t.co/c2jeUYbSop
One final point:
Medical devices are heavily regulated by the FDA. Entry requires clearance. Safety matters enormously.
Courts should be especially careful about using antitrust to override regulatory requirements or force dealing in regulated markets (Credit Suisse, Trinko).
Medical devices are heavily regulated by the FDA. Entry requires clearance. Safety matters enormously.
Courts should be especially careful about using antitrust to override regulatory requirements or force dealing in regulated markets (Credit Suisse, Trinko).
When are companies allowed to restrict what accessories work with their products?
The @LawEconCenter team, along with 19 antitrust scholars, submitted an amicus that tackles this question.
The topic here was surgical robots, but the implications are much broader 🧵
The @LawEconCenter team, along with 19 antitrust scholars, submitted an amicus that tackles this question.
The topic here was surgical robots, but the implications are much broader 🧵