| Edition |
First edition. |
| Description |
xvi, 297 pages : illustrations ; 25 cm |
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text txt rdacontent |
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unmediated n rdamedia |
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volume nc rdacarrier |
| Summary |
This book asks a simple question: are the tech giants monopolies? In the current environment of suspicion towards the major technology companies as a result of concerns about their power and influence, it has become commonplace to talk of Google, Facebook, Amazon, Apple, Microsoft, or Netflix as the modern day version of the 19th century trusts. In turn, the tech giants are vilified for a whole range of monopoly harms towards consumers, workers and even the democratic process. In the US and the EU, antitrust, and regulatory reform is on the way. Using economics, business and management science as well legal reasoning, this book offers a new perspective on big tech. It builds a theory of "moligopoly". The theory advances that the tech giants, or at least some of them, coexist both as monopolies and oligopoly firms that compete against each other in an environment of substantial uncertainty and economic dynamism. With this, the book assesses ongoing antitrust and regulatory policy efforts. It demonstrates that it is a mistake to pursue policies that seek to introduce more competition in moligopoly markets subject to technological discontinuities. Often, regulation is a more appropriate instrument, all the more in relation to non-economic harms like privacy violations, fake news, or hate speech. |
| Bibliography |
Includes bibliographical references and indexes. |
| Contents |
Introduction -- The "moligopoly" hypothesis -- Economics of big tech : monopoly v uncertainty -- A concrete theory of moligopoly -- Antitrust in moligopoly markets -- Big tech's novel harms : antitrust or regulation? -- Conclusion. |
| Subject |
Internet industry -- Law and legislation.
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Monopolies.
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Competition.
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Electronic commerce.
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Digital economy.
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Internet law.
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Competition law.
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Monopolies.
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Oligopolies.
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Competition. (OCoLC)fst00871464
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Electronic commerce. (OCoLC)fst00906906
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Internet industry -- Law and legislation. (OCoLC)fst00977268
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Monopolies. (OCoLC)fst01025673
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| ISBN |
9780198837701 hardcover |
|
0198837704 hardcover |
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