Guy Rolnik is a Clinical Professor for Strategic Management at the University of Chicago Booth school of Business. Rolnik is the Founder of Israel’s leading economics newspaper TheMarker and is considered the most Influential economic journalist in Israel in the last 2 decades. Rolnik served for 15 years as Editor-in-Chief of TheMarker and 7 years as the Deputy Publisher of Haaretz daily newspaper - Israel oldest and most important newspaper. Rolnik is the recipient (2013) of the Sokolov (Israeli Pulitzer) life-time-achievement award for excellence in Journalism. He is credited with revolutionizing the Israeli Journalism and media worlds and as bringing dramatic changes to the economic and social discourse in Israel. Rolnik researches and writes about Political Economy, Financial Markets, Antitrust and Regulation. He teaches courses on Regulation, Corporate Reputation and Communication at the Booth school at University of Chicago, in Tel Aviv University and I.D.C in Israel.
In a new paper, Bing Guo, Dennis C. Hutschenreiter, David Pérez-Castrillo, and Anna Toldrà-Simats study how large institutional investors impact firm innovation. The authors find that large institutional investors encourage internal research and development but discourage firm acquisitions that would add patents and knowledge to their firms’ portfolios, hampering overall innovation.
Joshua Gray and Cristian Santesteban argue that the Federal Trade Commission's focus in Meta-Within and Microsoft-Activision on narrow markets like VR fitness apps and consoles missed the boat on the real competition issue: the threat to future competition in nascent markets like VR platforms and cloud gaming.
Antitrust debates have largely ignored questions about the relationship between market power and productivity, and scholars have provided little guidance on the issue due to data limitations. However, data is plentiful on the hospital industry for both market power and operating costs and productivity, and researchers need to take advantage, writes David Ennis.
Meta has silenced news organizations’ social media accounts in response to Canada’s Online News Act, a law not yet in effect. Josh Braun describes the reasoning behind such legislation, its potential flaws, and how Meta, particularly Facebook, has turned the Canadian wildfire crisis into a regulatory pressure campaign.
To support the Agencies’ goals of stronger antitrust enforcement, Fiona Scott Morton recommends breaking the draft Merger Guidelines into three documents that clarify the Guidelines’ legal and economic justifications and overarching goals and priorities.
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