The Digital Economy

A 40-year Bipartisan Tech Policy Success Story

The Domain Name System (DNS), a 1985 technical invention, was transformed into critical global infrastructure by the policies of the United States government beginning in the 1990’s. While some challenges remain, the light-touch regulation promoted by both parties has proven highly successful.

Live Nation’s Anticompetitive Conduct Is a Problem for Security

Roslyn Layton highlights a recent data breach that exposed the personal information of millions of customers, including those who never directly used Ticketmaster's services, underscoring concerns about the company's data collection practices and market dominance.

How Uber Provided Short-Term Solutions and Long-Term Problems

ProMarket Student Editor Surya Gowda speaks with Georgetown University postdoctoral fellow Katie J. Wells about her new book with Kafui Attoh and Declan Cullen, Disrupting D.C.: The Rise of Uber and the Fall of the City. Wells discusses how Uber stepped in to solve local government failures, but introduced new problems in the process.

The Quest for Next: Keynote Transcript

The following is a transcript of Randy Picker's conversation with Tim Wu on how antitrust shaped competition and innovation in computers and chips, held at the 2024 Stigler Center Antitrust and Competition Conference.

Competition Experts Skeptical of DOJ’s Apple Case

According to a poll conducted by ProMarket at the Stigler Center Antitrust and Competition Conference, experts were skeptical about the Department of Justice's antitrust case against Apple, with 54% believing it had the lowest odds among the five Big Tech antitrust cases of a ruling in favor of the government. In contrast, the experts were more optimistic about the government's chances in the Google AdTech case, with 52% saying it had the best odds for a government win, and another 21% favoring the Google Search case.

Antitrust Enforcers Must Act Now To Ensure the Google Search Case Delivers on Its Promise

Fiona Scott Morton and David Dinielli show how landmark antitrust cases historically have cleared the path for innovation in the next “frontier technology.” But with closing arguments in the search monopoly case just days away, Google threatens to evade this round of rigorous new competition. It reportedly is in talks to place its own artificial intelligence tool on Apple devices as it did in the case of search. Such a maneuver would entrench Google’s search monopoly and place Google in the driver’s seat to steer the development of consumer-facing AI. The authors offer up a menu of steps the government might take now to thwart Google’s new anticompetitive strategy and preserve competition in AI before it’s too late.

Do Revenue Management Platforms Like RealPage Facilitate Illegal Algorithmic Collusion?

A growing number of companies offer artificial intelligence-powered revenue management platforms, which leverage big data and sensitive business information from multiple firms to optimize pricing, output, and other operational decisions for their clients. Over the past 18 months, dozens of antitrust lawsuits have alleged that such platforms facilitate price-fixing among rivals. Barak Orbach explores the strength of the allegations and the antitrust implications of such revenue management platforms.

If You Care About the Climate, Should You Be Anti-AI?

Environmentally conscious critics of artificial intelligence worry about the massive amounts of energy and fresh water its data centers require. Alessio Terzi writes that in the long term, and with the help of government regulation, the benefits of AI-accelerated innovation will outweigh the short-term environmental costs we now observe.

Are We Tumbling Toward an Adults-Only Internet?

Meg Leta Jones, Mac Milin Kiran and Cal Newport argue that the introduction of age verification mechanisms in proposed child online safety legislation may unintentionally result in an adults-only internet, as platforms opt to deny access to children rather than implement complex compliance measures. This potential outcome necessitates a fundamental debate about the intended audience of the internet and the balance between protecting children and preserving their rights to access and expression in the digital realm.

Digital Empires

The following is an excerpt from the book Digital Empires - The Global Battle to Regulate Technology by Anu Bradford, published by Oxford University Press and reprinted here by permission. Check out today's Stigler Center webinar with Bradford in conversation with Filippo Lancieri about her new book.

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