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Also, from the Abstract: > the current framework in antitrust—specifically its pegging competition to “consumer welfare,” defined as short-term price effects—i
by brightstep 8y ago
Also, from the Abstract:
> the current framework in antitrust—specifically its pegging competition to “consumer welfare,” defined as short-term price effects—is unequipped to capture the architecture of market power in the modern economy. We cannot cognize the potential harms to competition posed by Amazon’s dominance if we measure competition primarily through price and output.