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Antitrust and Competition

India’s AI Market Regulation Risks Falling on Dated Ideas

Abhineet Nayyar
India is working on legislating new competition rules to govern artificial intelligence and other tech markets. But recommendations from a recent report by the Competition Commission of India suggest it might revert to old competition standards that will likely prove ineffectual in governing the new AI market, writes Abhineet Nayyar.
Academic Capture

Academic Economists Have an Ethics Problem

Kate Conlow
In a recent article, Kate M. Conlow explores how feeble requirements among the American academic economics community to disclose conflicts of interest are compromising research and harming policymaking.
Antitrust and Competition

China’s New “Safe Harbor” Antitrust Rules Offer Less Safety Than Suggested

Yin Hu
China’s new safe harbor rules for vertical dealing, including practices like resale price maintenance hitherto presumed generally anticompetitive, are less accommodating than they may seem, writes Yin Hu.
Book Reviews

How I Stopped Worrying and Learned to Love the Minimum Wage

Matthew Lucky
Matt Lucky reviews The Wage Standard: What’s Wrong in the Labor Market and How to Fix it by Arindrajit Dube, now out at Penguin Press.
Antitrust and Competition

The Shortcomings of Merger Policy Based on the Herfindahl-Hirschman Index

Eric Dunaway, Ana Espinola-Arredondo and Felix Munoz-Garcia
In new research, Eric Dunaway, Ana Espinola-Arredondo, and Felix Munoz-Garcia examine the Herfindahl-Hirschman Index (HHI) as a tool for merger review and show where it diverges from the consumer-surplus and total-welfare standards. In particular, the HHI fails to account for potential efficiency gains.
Democracy

Rule of Law Backsliding May Not Hurt Trade—And Why That’s a Problem

Janka Deli
In new research, Janka Deli analyzes the relationship between the decline in the rule of law and trade. Contrary to democratic and developmental theory, she finds that declines in the rule of law, as seen in Hungary, Poland, and Czechia, do not lead to systematic reductions in trade with other EU partners.  

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