The More, The Merrier: Competition For Network Effects
The concept of network effects is clear: some services work better and are more useful when they have more users, like video conferencing and social networks. However, we must set the record straight on how network effects play out in competitive marketplaces, particularly: — History shows that new entrants can successfully compete against companies with […]
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“Using antitrust to achieve policy or political goals would upend more than a century of legal and economic learning and progress,” says a group of 17 legal experts, economists, and consumer and taxpayer advocates https://t.co/NvO4USH9bi
“While regulators should remain the ‘cop on the beat’ protecting against the exertion of monopoly power, ‘bigness’ alone isn’t a bad thing,” writes @RSI‘s @jeffreywestling https://t.co/go7X6TulLP
At the outset of the COVID-19 pandemic, linen business Peacock Alley rapidly leaned in to e-commerce. “We were able to keep selling the same as before and we were able to keep our customers updated as we went along. It’s incredible.” – Jason Needleman, CEO https://t.co/qWdWMKxpDu
New @CmteForJustice letter: “We believe that weaponizing antitrust for broader socio-economic purposes would fundamentally alter the primary goal of antitrust” https://t.co/NvO4USpyjK
💡 For more on the importance of the consumer welfare standard, read this: https://t.co/SiBRXT4oUS https://t.co/aaEwT60HXn
.@jeffreywestling: “The general concerns that currently appear to be driving competition policy have merely to do with the size of these companies alone, rather than with any specific monopolistic behaviors.” https://t.co/go7X6TLWDn
Expert insight from Jakob Kucharczyk, formerly @CCIAEurope, on data’s role in company growth: “Unlike oil, which is used once, then burns up in combustion, data is regenerative, meaning it can be used over and over again. It lives on & gains new life.” https://t.co/Q3sGuPaiat
💡 “Fourteen of the largest 20 tech companies are based in the U.S.,” remind Phil Gramm & Jerry Ellig in @WSJopinion. “Antitrust action against leading U.S. tech companies would shrink American dominance of the world’s fastest-growing industry.” https://t.co/A3mR1751gp
Friendly reminder from @LawEconCenter that antitrust laws are built to protect competition between companies ⬇️ https://t.co/W5WwDtHjbI
The More, The Merrier: Competition For Network Effects
The concept of network effects is clear: some services work better and are more useful when they have more users, like video conferencing and social networks. However, we must set the record straight on how network effects play out in competitive marketplaces, particularly: — History shows that new entrants can successfully compete against companies with […]
Read More
“Using antitrust to achieve policy or political goals would upend more than a century of legal and economic learning and progress,” says a group of 17 legal experts, economists, and consumer and taxpayer advocates https://t.co/NvO4USH9bi
“While regulators should remain the ‘cop on the beat’ protecting against the exertion of monopoly power, ‘bigness’ alone isn’t a bad thing,” writes @RSI‘s @jeffreywestling https://t.co/go7X6TulLP
At the outset of the COVID-19 pandemic, linen business Peacock Alley rapidly leaned in to e-commerce. “We were able to keep selling the same as before and we were able to keep our customers updated as we went along. It’s incredible.” – Jason Needleman, CEO https://t.co/qWdWMKxpDu
New @CmteForJustice letter: “We believe that weaponizing antitrust for broader socio-economic purposes would fundamentally alter the primary goal of antitrust” https://t.co/NvO4USpyjK
💡 For more on the importance of the consumer welfare standard, read this: https://t.co/SiBRXT4oUS https://t.co/aaEwT60HXn
.@jeffreywestling: “The general concerns that currently appear to be driving competition policy have merely to do with the size of these companies alone, rather than with any specific monopolistic behaviors.” https://t.co/go7X6TLWDn
Expert insight from Jakob Kucharczyk, formerly @CCIAEurope, on data’s role in company growth: “Unlike oil, which is used once, then burns up in combustion, data is regenerative, meaning it can be used over and over again. It lives on & gains new life.” https://t.co/Q3sGuPaiat
💡 “Fourteen of the largest 20 tech companies are based in the U.S.,” remind Phil Gramm & Jerry Ellig in @WSJopinion. “Antitrust action against leading U.S. tech companies would shrink American dominance of the world’s fastest-growing industry.” https://t.co/A3mR1751gp
Friendly reminder from @LawEconCenter that antitrust laws are built to protect competition between companies ⬇️ https://t.co/W5WwDtHjbI