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The economics being the legislation behind the case law is anachronistic, and the economics profession has done a poor job of updating its theories. "Digital M
by dalbasal 7y ago
The economics being the legislation behind the case law is anachronistic, and the economics profession has done a poor job of updating its theories.
"Digital Monopolies" are barely similar to the heavy industry or commodity monopolies if days past. If you're trying to gauge the impact of google's market share via and prices...
A big part of the space they monopolize is free. No prices. If your fundamentals are based on prices and proxies for prices.. it's not going to work.
Both the reasons for a business to seek monopoly and the rationale for preventing it are estranged from the law, at this point.