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  1. Regulating big tech: from competition policy to sector regulation?
    Erschienen: October 2021
    Verlag:  Ilmenau University of Technology, Institute of Economics, Ilmenau ; Universitätsbibliothek

    The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of so-called gatekeeper companies to ensure contestable and fair digital markets. We... mehr

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Universitätsbibliothek Ilmenau
    WIR 2021
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    Thüringer Universitäts- und Landesbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 61
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    The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of so-called gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a legal and from an economics perspective. Notwithstanding a number of benefits, we identify several issues with the current proposal. When looking at the core provisions of the proposal from an economic perspective, five issues of contention arise: many of the provisions seem to be quite narrow in scope and it seems difficult to extrapolate more general rules from them; the economic harm of some of the provisions is both uncertain and in principle debatable; the alleged distinction between different types of obligations cannot be verified, and, last but not least, while the DMA seeks to control existing gatekeepers, the “tipping” of markets and the rise of further gatekeepers is not guaranteed by this proposal; this in turn leads to a larger critical analysis of the gatekeeper as DMA’s norm addressee. From a legal perspective, the first hurdle is the lack of clarity pertaining to the nature and goals of the DMA, this is further compounded by procedural provisions and an enforcement regime with many uncertainties and loopholes – all of which tend to undermine the intended stringency of the regulation and its overall chances of making digital markets systemically more contestable and fairer. Thus, we think that a reform of the competition policy regime would better suit the need of regulating big tech

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/245950
    Schriftenreihe: Ilmenau economics discussion papers ; vol. 27, no. 154
    Schlagworte: big tech; digital economy; digital ecosystems; GAFAM; competition policy; antitrust; Digital Markets Act (DMA); sector-specific regulation; law and economics
    Umfang: 1 Online-Ressource (35 Seiten)
  2. Quantifying economic reasoning in court
    judge economics sophistication and pro-business orientation
    Autor*in: Cao, Siying
    Erschienen: [2021]
    Verlag:  Stigler Center for the Study of the Economy and the State, University of Chicago Booth School of Business, Chicago, IL

    By applying computational linguistics tools to the analysis of US federal district courts' decisions from 1932 to 2016, this paper quantifies the rise of economic reasoning in court cases that range from securities regulation to antitrust law. I then... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    By applying computational linguistics tools to the analysis of US federal district courts' decisions from 1932 to 2016, this paper quantifies the rise of economic reasoning in court cases that range from securities regulation to antitrust law. I then relate judges' level of economic reasoning to their training. I find that significant judge heterogeneity in economics sophistication can be explained by attendance at law schools that have a large presence of the law and economics faculty. Finally, for all regulatory cases from 1970 to 2016, I hand code whether the judge ruled in favor of the business or the government. I find that judge economics sophistication is positively correlated with a higher frequency of pro-business decisions even after controlling for political ideology and a rich set of other judge covariates.

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/263366
    Schriftenreihe: New working paper series / Chicago Booth, Stigler Center for the Study of the Economy and the State ; no. #321 (April 2021)
    Schlagworte: law and economics; judicial decision making; text as data
    Umfang: 1 Online-Ressource (circa 78 Seiten), Illustrationen
  3. Regulating big tech: from competition policy to sector regulation?
    Erschienen: October 2022
    Verlag:  Ilmenau University of Technology, Institute of Economics, Ilmenau ; Universitätsbibliothek

    The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of socalled gatekeeper companies to ensure contestable and fair digital markets. We... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Universitätsbibliothek Ilmenau
    WIR 2022
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    Thüringer Universitäts- und Landesbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 61
    keine Fernleihe

     

    The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of socalled gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a legal and from an economic perspective. Notwithstanding a number of benefits, we identify several issues with the current proposal. When looking at the core provisions of the proposal from an economic perspective, several issues of contention arise: many of the provisions seem to be quite narrow in scope and it seems difficult to extrapolate more general rules from them; the economic harm of some of the provisions is both uncertain and in principle debatable; the alleged distinction between different types of obligations cannot be verified; and, in addition, Art. 5-7 DMA seem to contain three distinct regulatory instruments; last but not least, while the DMA seeks to control existing gatekeepers, the “tipping” of markets and the rise of further gatekeepers is not guaranteed by the proposed regulation, this in turn leads to a larger critical analysis of the gatekeeper as the DMA’s norm addressee. While the goals and nature of the DMA have gained in clarity throughout the legislative process, its scope remains somewhat obtuse. On the one hand it seems set on regulating gatekeepers as they exist today, on the other, also wants to bring about systemic change in the digital single market. How it expects to achieve the latter is not entirely clear. In this light and by critically looking at the nature of ex ante and ex post measures in broader competition policy, we conclude that a reform of the competition policy regime would better suit the overalls aims of reining in big tech in future.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/265544
    RVK Klassifikation: QR 760 ; PZ 3800
    Auflage/Ausgabe: Updated October 2022 with the final DMA
    Schriftenreihe: Ilmenau economics discussion papers ; vol. 27, no. 168
    Schlagworte: big tech; digital economy; digital ecosystems; GAFAM; competition policy; antitrust; Digital Markets Act (DMA); sector-specific regulation; law and economics
    Umfang: 1 Online-Ressource (37 Seiten)
  4. The Roman familia
    a view from the economics of property
    Erschienen: [2023]
    Verlag:  BSE, Barcelona School of Economics, [Barcelona]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 541
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: BSE working paper ; 1407 (October 2023)
    Schlagworte: economics of ancient law; economics of ancient societies; economic analysis of Roman law; law and economics; family law; dowry; property rights; transaction costs; personal exchange; new institutional economics
    Umfang: 1 Online-Ressource (circa 28 Seiten)
  5. The Roman familia
    a view from the economics of property
    Erschienen: October 2023
    Verlag:  Universitat Pompeu Fabra, Department of Economics and Business, Barcelona

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 574
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Economics working paper series ; no. 1869
    Schlagworte: economics of ancient law; economics of ancient societies; economic analysis of Roman law; law and economics; family law; dowry; property rights; transaction costs; personal exchange; new institutional economics
    Umfang: 1 Online-Ressource (circa 28 Seiten)
  6. The institutions of Roman markets
    Erschienen: March 2015
    Verlag:  [Universitat Pompeu Fabra, Department of Economics and Business], [Barcelona]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: This version: March, 2015
    Schriftenreihe: [Working papers / Universitat Pompeu Fabra, Department of Economics and Business ; 1471]
    Schlagworte: economics of ancient law; economics of ancient societies; economic analysis of Roman law; law and economics; Roman history; property rights; transaction costs; registries; impersonal exchange; new institutional economics
    Umfang: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  7. The institutions of Roman markets
    Erschienen: March 2015
    Verlag:  GSE, Graduate School of Economics, Barcelona

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
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    Format: Online
    Schriftenreihe: Barcelona GSE working paper series ; no 813
    Schlagworte: economics of ancient law; economics of ancient societies; economic analysis of Roman law; law and economics; Roman history; property rights; transaction costs; registries; impersonal exchange; new institutional economics
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen