Dynamic competition is the new kid on the block. It seeks to redirect the focus of competition policy towards innovation, value creation and economic change. Dynamism is indeed at the heart of competition. What’s not to like? The intuitive appeal of dynamic competition is hard to contest. Yet its practical application poses a series of...Read More
Competition increases when rivalry incentivizes firms to adopt more “efficient “practices. However, performing a fixed set of activities more efficiently only facilitates “static” competition. Absent significant innovation, efficiency augmenting rivalry does not and cannot deliver significant welfare improvements. A more powerful force of economic growth and productivity comes from dynamic competition through innovation and entrepreneurial...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by James C. Cooper, Professor of Law and Director, Program on Economics & Privacy, George Mason University Antonin Scalia Law School and Bruce H. Kobayashi, Paige V. & Henry N. Butler Chair in Law and Economics, George Mason University Antonin...Read More
Great Power Competition refers to the rivalry and strategic competition among the world’s most powerful nations (“great powers”) for global influence, resources, and dominance. These powers typically include the United States, Russia, China, and the European Union. In practice, Great Power Competition consists of the use of economic, military, technological, and diplomatic means to gain...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by Joseph Farrell, Professor of the Graduate School in the Department of Economics, University of California at Berkeley. **** Competition policy builds on a simple idea. If much more business flows to those who offer better deals, as it does...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by Ramsi A. Woodcock, Associate Professor of Law at the University of Kentucky Rosenberg College of Law and Assistant Professor of Management at the University of Kentucky Gatton College of Business and Economics. **** There are two men alone in...Read More
Welcome to the Competition Stories – an exploration of recent courts and competition law agencies’ decisions. Authored by Makis Komninos, a renowned expert in the field. This column aims to go through the latest and most important developments in competition law in recent months. We call them “stories” because Makis has promised to include some anecdotes from time to time,...Read More
This short article serves as an introduction to Thibault Schrepel’s latest working paper, “A Systematic Content Analysis of Innovation in European Competition Law” (open-access) *** Economies are becoming more complex, with more transactions required to produce each product.1Hausmann, Hidalgo, Bustos, Coscia, Simoes, and Yildirim, The Atlas of Economic Complexity: Mapping Paths to Prosperity (MIT Press,...Read More
This short contribution seeks to propose the implementation of a “Proof of Vigilance” to meet the challenges of antitrust constitutional moment. Hypothesis This short paper is based on a simple hypothesis: the face of antitrust is changing to an extent that will have a lasting impact on the future of the field. Academics, policymakers, enforcers,...Read More
The following transcript has been lightly edited. Thibault Schrepel Welcome, everyone. I am delighted to be joined today by Vernon Smith, who is a Professor appointed to the School of Business and Economics, and the School of Law at Chapman University. Vernon was awarded the 2002 Nobel Prize in Economic Sciences for his work in...Read More
Welcome to Crane’s Cartel, a trimonthly series where University of Michigan law professor Daniel Crane engages in hard-core mind-fixing. **** The Robinson-Patman Act was enacted in 1936 amid New Deal fervor against the power of chain stores, particularly the hegemonic Great Atlantic and Pacific Tea Company (“A&P”). Among its provisions was a prohibition on price...Read More
Dear readers, the Network Law Review is delighted to present you with this month’s guest article by Carl Shapiro, Professor at Berkeley Haas and Berkeley Department of Economics. **** Over the past several years, we have witnessed a vigorous push to regulate the Big Tech companies, especially Amazon, Apple, Facebook and Google. In the European Union,...Read More
The number of lists documenting the best tech podcasts is almost infinite. This list is specifically designed for social scientists – lawyers, economists, political scientists, complexity theorists, etc. I hope it helps. Yours truly, Thibault Schrepel *** Scaling Theory Spotify | Apple Podcast | YouTube What? Why?: Scaling Theory is a podcast dedicated to the power...Read More
The relationship between Web2 giants and Web3 projects is “complicated.” More than complicated, the relationship is complex. Web2 giants and Web3 projects cooperate and they compete. In “The Complex Relationship Between Web2 Giants and Web3 Projects”, I untangle their relationship, explore their distinct value propositions, and draw the lines of what could be one of tomorrow’s new...Read More
