William Shughart | Wednesday April 15, 2015 at 12:35 PM PST | Comments Off on Google Agonistes
News reports on Tax Day suggest that the European Commission wants to nail Google Inc.’s scalp to the wall as punishment for committing alleged antitrust (competition) law violations. At issue is the way in which the company assigns priorities to the links consumers see when they “google” generic search terms like “booksellers”, “cameras”, and...
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Tags: Antitrust Law, Competition Policy, Europe, European Commission, google, Law, Market Dominance, Market Power, Monopoly and Antitrust, monopoly and competition, Politics, Public Choice, Regulation, Rent-seeking, Search Engines, Web Browsers
William Shughart | Monday October 13, 2014 at 11:48 AM PST | Comments Off on Jean Tirole, 2014 Nobel Laureate in Economic Sciences
The 2014 Nobel Prize in Economic Sciences was awarded to Jean Tirole of the Toulouse School of Economics. According to Reuters, the prize recognizes Professor Tirole’s work aimed at “taming” private business firms through governmental regulatory interventions and antitrust law enforcement. That summary is true as far as it goes. Professor Tirole indeed spent...
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Tags: Antitrust Law, Economic Regulation, Economics, Economists, Free Market, Jean Tirole, Law, Monopoly and Antitrust, Nobel Prize in Economics, Politics, Public Choice, statism, The State, Unemployment