Use and Misuse of Single-consumer Results in a Multi-consumer Economy

Use and Misuse of Single-consumer Results in a Multi-consumer Economy PDF Author: Charles Blackorby
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Use and Misuse of Single-consumer Results in a Multi-consumer Economy

Use and Misuse of Single-consumer Results in a Multi-consumer Economy PDF Author: Charles Blackorby
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Use and Misuse of Single Consumer Results in a Multiconsumer Economy

Use and Misuse of Single Consumer Results in a Multiconsumer Economy PDF Author: Charles Blackorby
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 37

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Measurement and Modelling in Economics

Measurement and Modelling in Economics PDF Author: G.D. Myles
Publisher: Elsevier
ISBN: 1483295508
Category : Mathematics
Languages : en
Pages : 476

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Book Description
Contained in this volume are the edited and refereed papers which were presented at a conference held at Nuffield College, Oxford in May 1987. The papers, which represent the recent research of a group of eminent economists, reflect the variety and scope of modern economic analysis. New results are presented in econometric estimation, the theory of aggregation, poverty measurement and the general theory of measurement in economics. The volume is distinguished by the inclusion of the discussion which occurred as each paper was presented, so capturing the interaction and exchange of ideas that characterised the conference.

Lectures on the Economic Theory of Taxation

Lectures on the Economic Theory of Taxation PDF Author: Alan Martina
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
This book deals, in some detail, with two central topics in taxation theory:(1) taxation and economic reform and (2) determining the conditions (necessary and sufficient) that need to be satisfied if the application of comparatively simple taxation structures are to be socially optimal. The analysis of both topics is based upon the assumptions that there aremany individuals in the community (individuals who possess different tastes), matters of distributive justice are of concern in the community, there are many taxes (subsidies) in the economy and at least some markets are not complete and competitive. This set of assumptions faces the community with considerable information problems. These information difficulties are considered in various ways. The most original of the methods employed (to handle the dearth of relevant information) is the application of marginal welfare dominance criteria - a tool of analysis thathas hardly been employed in taxation theory. Application of this analytical tool allows a range of new results to be derived - for example, a new version of the gains-from-more trade theorem. Given the generality of the analysis provided throughout the discussion, numerous new results are presented throughout the book. Finally, the analysis takes place within the framework of a single general model - a model which is manipulated in various ways such as to derive results covering a wide range of special topics. Above all, the discussion attempts to demonstrate the unity that exists between many standard results to be found in taxation theory.

Big Data and the Abuse of Dominance by Multi-Sided Platforms

Big Data and the Abuse of Dominance by Multi-Sided Platforms PDF Author: Noby Thomas Cyriac
Publisher: Nomos Verlag
ISBN: 3748934718
Category : Law
Languages : en
Pages : 322

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Book Description
Der Autor untersucht interdisziplinär, inwieweit Art. 102 AEUV geeignet ist, den Wettbewerb vor dem missbräuchlichen Verhalten marktbeherrschender Plattformen zu schützen. Nach einer ersten Erörterung der Grundlagen der digitalen Wirtschaft, insbesondere Big Data und mehrseitige Plattformen, werden die relevanten Konzepte, die von EU-Kommission und EU-Gerichten in ihrer Entscheidungspraxis zur Auslegung von Art. 102 AEUV entwickelt wurden, näher beleuchtet, um ihre Eignung für das Missbrauchsverbot mit Blick auf Plattformbetreiber vor dem Hintergrund der Besonderheiten mehrseitiger Märkte zu bewerten. Auch das Vorhandensein und die Abgrenzung eines Datenmarktes werden diskutiert.

Law and Economics of Article 102 TFEU

Law and Economics of Article 102 TFEU PDF Author: Robert O'Donoghue KC
Publisher: Bloomsbury Publishing
ISBN: 1509942963
Category : Law
Languages : en
Pages : 1608

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Book Description
“A reference book in this area of EU competition law and a must-have companion for academics, enforcers and practitioners alike, as well as EU and national judges.” Judge Nils Wahl, Court of Justice of the European Union This seminal text offers an authoritative and integrated treatment of the legal and economic principles that underpin the application of Article 102 TFEU to the behaviour of dominant firms. Traditional concerns of monopoly behaviour, such as predatory pricing, refusals to deal, excessive pricing, tying and bundling, discount practices and unlawful discrimination are treated in detail through a review of the applicable economic principles, the case law and decisional practice and more recent economic and legal writings. In addition, the major constituent elements of Article 102 TFEU, such as market definition, dominance, effect on trade and applicable remedies are considered at length. The third edition involves a net addition of over 250 pages, with a substantial new chapter on Abuses In Digital Platforms, an extensively revised chapter on standards, and virtually all chapters incorporating substantial revisions reflecting key cases such as Intel, MEO, Google Android, Google Shopping, AdSense, and Qualcomm.

Competition Law and Economic Inequality

Competition Law and Economic Inequality PDF Author: Jan Broulík
Publisher: Bloomsbury Publishing
ISBN: 1509959254
Category : Law
Languages : en
Pages : 379

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Book Description
The gap between the rich and poor is widening across the globe. This book explores whether this major societal challenge of our time can be addressed by the means of competition law. The primary goal of today's competition law is to ensure that market power does not lead to an inefficient production of goods and services. Nevertheless, even such efficiency-oriented curbing of market power may arguably contribute to the reduction of differences in how much people own and earn. Furthermore, many competition law regimes do take into account distributive considerations too. The chapters investigate the relationship between competition law and economic (in)equality from philosophical, historical, and economic perspectives. Their inquiries concern the conceptual foundations of competition law and doctrinal frameworks of individual jurisdictions, as well as specific problems and markets. As such, the book provides a novel and comprehensive overview of whether and how competition law can contribute to more equality in both developed and developing countries. The book is a must-read for researchers, public officials, judges, and practitioners within the competition law community. It will also appeal to anyone more broadly interested in issues of inequality and economic policy.

Market definition and market power in the platform economy

Market definition and market power in the platform economy PDF Author: Jens-Uwe Franck
Publisher: Centre on Regulation in Europe asbl (CERRE)
ISBN:
Category : Law
Languages : en
Pages : 96

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Book Description
With the rise of digital platforms and the natural tendency of markets involving platforms to become concentrated, competition authorities and courts are more frequently in a position to investigate and decide merger and abuse cases that involve platforms. This report provides guidance on how to define markets and on how to assess market power when dealing with two-sided platforms. DEFINITION Competition authorities and courts are well advised to uniformly use a multi-markets approach when defining markets in the context of two-sided platforms. The multi-markets approach is the more flexible instrument compared to the competing single-market approach that defines a single market for both sides of a platform, as the former naturally accounts for different substitution possibilities by the user groups on the two sides of the platform. While one might think of conditions under which a single-market approach could be feasible, the necessary conditions are so severe that it would only be applicable under rare circumstances. To fully appreciate business activities in platform markets from a competition law point of view, and to do justice to competition law’s purpose, which is to protect consumer welfare, the legal concept of a “market” should not be interpreted as requiring a price to be paid by one party to the other. It is not sufficient to consider the activities on the “unpaid side” of the platform only indirectly by way of including them in the competition law analysis of the “paid side” of the platform. Such an approach would exclude certain activities and ensuing positive or negative effects on consumer welfare altogether from the radar of competition law. Instead, competition practice should recognize straightforwardly that there can be “markets” for products offered free of charge, i.e. without monetary consideration by those who receive the product. ASSESSMENT The application of competition law often requires an assessment of market power. Using market shares as indicators of market power, in addition to all the difficulties in standard markets, raises further issues for two-sided platforms. When calculating revenue shares, the only reasonable option is to use the sum of revenues on all sides of the platform. Then, such shares should not be interpreted as market shares as they are aggregated over two interdependent markets. Large revenue shares appear to be a meaningful indicator of market power if all undertakings under consideration serve the same sides. However, they are often not meaningful if undertakings active in the relevant markets follow different business models. Given potentially strong cross-group external effects, market shares are less apt in the context of two-sided platforms to indicate market power (or the lack of it). Barriers to entry are at the core of persistent market power and, thus, the entrenchment of incumbent platforms. They deserve careful examination by competition authorities. Barriers to entry may arise due to users’ coordination failure in the presence of network effect. On two-sided platforms, users on both sides of the market have to coordinate their expectations. Barriers to entry are more likely to be present if an industry does not attract new users and if it does not undergo major technological change. Switching costs and network effects may go hand in hand: consumer switching costs sometimes depend on the number of platform users and, in this case, barriers to entry from consumer switching costs increase with platform size. Since market power is related to barriers to entry, the absence of entry attempts may be seen as an indication of market power. However, entry threats may arise from firms offering quite different services, as long as they provide a new home for users’ attention and needs.

Digital and Social Media Marketing

Digital and Social Media Marketing PDF Author: Nripendra P. Rana
Publisher: Springer Nature
ISBN: 3030243745
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.

Research in Education

Research in Education PDF Author:
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 1290

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