Brink Lindsey and Steven M. Teles — Worried About Concentration? Then Worry About Rent-Seeking

While concentration can lead to rent seeking, rent-seeking can also lead to concentration.

ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
Worried About Concentration? Then Worry About Rent-Seeking
Brink Lindsey, vice president for research at the Cato Institute, and Steven M. Teles | associate professor of political science at Johns Hopkins University and a senior fellow at the Niskanen Center
ht Mark Thoma at Economist's View

Ariel Ezrachi and Maurice Stucke —

In a series of papers published in the last two years, Ezrachi and Stucke explored the world of big data and artificial intelligence and argued that network effects can raise barriers to entry, enabling big platforms to engage in behaviors such as collusion, tacit collusion, and price discrimination, to the detriment of consumers. Their recent book Virtual Competition (Harvard University Press, 2016) explores the changing nature of competition in the age of big data and algorithms.

In a brief interview with ProMarket, Ezrachi and Stucke shared some thoughts on market power and the digital economy.... 

ProMarket
“Our New Economy Enables the Winners to Capture Much More of the Welfare”

Ariel Ezrachi, Slaughter and May Professor of Competition Law, a Fellow of Pembroke College, Oxford, and Director of the University of Oxford Centre for Competition Law and Policy; and Maurice Stucke, a co-founder of the law firm the Konkurrenz Group and law professor at the University of Tennessee