Antitrust Policy in the Era of Technological Giants (VIDEO)
This conversation was recorded on August 1, 2019.
For firms such as Amazon, Google, and Facebook, the larger the number of people who use their product, the more valuable it becomes for people to use that product. This is one example of the forces at work in the modern, digitized economy that foster the rise of big firms and of a small number of players in the market. Michael Klein, Executive Editor of EconoFact, and Dan Richards (Tufts) discuss the special questions raised by the existence of these network effects for anti-competitive issues.