00000nam a2200000 i 4500 UP-1685954869149696057 Buklod 20241127175857.0 a r |||| u| cr ||||||||||| 241106s2020 enk u eng c 0198837704 (eBook) 9780198837701 (eBook) 21422216 DLC DLAW rda eng K 564 C6 P48 2020eb Petit, Nicolas 1978- author. Big tech and the digital economy the moligopoly scenario Nicolas Petit. Electronic resources. Oxford, United Kingdom Oxford University Press 2020. 1 online resourece (xvi, 297 pages) illustrations 25 cm text txt rdacontent computer rdamedia online resource nc rdacarrier Includes bibliographical references and indexes. Introduction -- Conclusion. The "moligopoly" hypothesis -- Economics of big tech : monopoly v uncertainty -- A concrete theory of moligopoly -- Antitrust in moligopoly markets -- Big tech's novel harms : antitrust or regulation? -- This book asks a simple question: are the tech giants monopolies? In the current environment of suspicion towards the major technology companies as a result of concerns about their power and influence, it has become commonplace to talk of Google, Facebook, Amazon, Apple, Microsoft, or Netflix as the modern day version of the 19th century trusts. In turn, the tech giants are vilified for a whole range of monopoly harms towards consumers, workers and even the democratic process. In the US and the EU, antitrust, and regulatory reform is on the way. Using economics, business and management science as well legal reasoning, this book offers a new perspective on big tech. It builds a theory of "moligopoly". The theory advances that the tech giants, or at least some of them, coexist both as monopolies and oligopoly firms that compete against each other in an environment of substantial uncertainty and economic dynamism. With this, the book assesses ongoing antitrust and regulatory policy efforts. It demonstrates that it is a mistake to pursue policies that seek to introduce more competition in moligopoly markets subject to technological discontinuities. Often, regulation is a more appropriate instrument, all the more in relation to non-economic harms like privacy violations, fake news, or hate speech. Competition. Electronic books. Electronic commerce. Monopolies. Competition law. eclas. Digital economy. eclas. Internet industry Law and legislation. Internet law. eclas. Monopolies. eclas. Oligopolies. eclas. Competition. fast (OCoLC)fst00871464. Electronic commerce. fast (OCoLC)fst00906906. Monopolies. fast (OCoLC)fst01025673. Internet industry Law and legislation. fast (OCoLC)fst00977268. https://doi.org/10.1093/oso/9780198837701.001.0001 click here to access available to all UP Students University of the Philippines, College of Law FO UPD BGC-LL K 564 C6 P48 2020 Electronic Resource