Ariel Ezrachi Knihy

Ariel Ezrachi and Maurice E. Stucke explain why this is happening and what we can do to reverse it. While many distrust the Big-Tech Barons, the prevailing belief is that innovation is thriving online. It isn't. Rather than disruptive innovations that create significant value, we are getting technologies that primarily extract value and reduce well-being. Using vivid examples and relying on their work in the field, the authors explain how the leading tech companies design their sprawling ecosystems to extract more profits (while crushing any entrepreneur that poses a threat). As a result, we get less innovation that benefits us and more innovations that surpass the dreams of yesteryears' autocracies. The Tech Barons' technologies, which seek to decode our emotions and thoughts to better manipulate our behavior, are undermining political stability and democracy while fueling tribalism and hate. But it's not hopeless. The authors reveal that sustained innovation scales with cities not companies, and that we, as a society, should profoundly alter our investment strategy and priorities to certain entrepreneurs ("Tech Pirates") and cities' infrastructure

Ariel Ezrachi and Maurice Stucke critically examine the implications of app-assisted digital shopping. While online purchasing offers convenience, the algorithms and data analytics that facilitate this ease are reshaping market competition, often detrimentally. One concern is the potential for computers to collude; although traditional laws prohibit price-fixing, algorithms can swiftly monitor and adjust prices based on competitors, leading to increased price transparency that may ultimately harm consumers. Another issue is behavioral discrimination, where companies profile consumers to charge them the highest prices they are willing to pay. Additionally, the dominance of superplatforms creates a 'frenemy' dynamic with independent app developers, as these data-driven monopolies control essential platforms and dictate the flow of personal data, influencing who can access potential buyers. The authors pose critical questions about the relevance of the 'invisible hand' in markets manipulated by algorithms and bots. They explore whether competitive pricing is merely an illusion and if current laws can adequately protect consumers. The evolving market landscape is shifting power toward a select few, raising significant risks to competition, democratic ideals, and overall economic well-being.

Explores the promise and limitations of competitive market dynamics, looking at the threats to competition-cartels, agreements, monopolies, and mergers-and the laws in place across the US and European Union to safeguard the process of competition.

This book is essential for every competition law practitioner and academic. It features a first-class summary of cases, complemented by high-quality commentary and a well-curated selection of material, including key European judgments and notable cases from the US and European Member States. Designed as a practical tool for studying and practicing European competition law, it emphasizes case law analysis. Each chapter starts with an introduction outlining relevant laws, regulations, and guidelines, establishing a solid analytical foundation for the case summaries that follow. The 7th edition includes recent judgments from the European Court of Justice regarding object and effects-based analysis, as well as abuse of dominance cases. It addresses developments in parallel trade, online sales restrictions, advertising bans, and enforcement powers and procedures. Additionally, it expands coverage of merger decisions, exploring non-collusive oligopoly and the treatment of innovation and data under the EU Merger Regulation. This book provides practitioners and competition law students with an insightful guide to EU competition law cases, which is crucial for their understanding. Rigorous, comprehensive, and authoritative, it is a must-read for those in the field.