Evaluation of the competitive effects of Intel’s loyalty discounts, which garnered scrutiny from antitrust authorities, does not support claims that the company’s actions have harmed consumers. Analysis of market share, prices, and relevant financial markets fail to show higher prices or abnormal financial returns, concludes Joshua Wright in, “Does Antitrust Enforcement in High Tech Markets Benefit Consumers? Stock Price Evidence from FTC v. Intel,” released today by the Technology Policy Institute. The paper is a revised version of a paper presented at the recent TPI conference, “Antitrust and the Dynamics of Competition in High-Tech Industries.”
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Event – Retrans Redux: The Economics of Retransmission Consent
The recent Cablevision-Fox dispute illustrates the delicate nature of negotiations between video programmers and distributors. In reaction to the dispute, the Federal Communications Commission announced it intends to issue a Notice of Proposed Rulemaking on retransmission in early 2011. Because negotiations between programmers and distributors take place in the shadow of FCC regulations, regulatory changes may have large effects on those negotiations. How will reformed retransmission regulations affect programming deliberations and deals? These questions will be explored at “Retrans Redux: The Economics of Retransmission Consent,” hosted by the Technology Policy Institute.
Innovation Effective in Addressing Competition Concerns
Technological innovation has a much greater effect on competition in high-tech sectors than antitrust remedies, according to research by Robert Crandall and Charles Jackson in ‘Antitrust in High-Tech Industries’ released today by the Technology Policy Institute. Antitrust remedies have not been successful at accelerating competition in such markets; rather competition has developed from technology that regulators could not predict. The paper is a revised version of a paper presented at the recent TPI conference, “Antitrust and the Dynamics of Competition in High-Tech Industries.”
Antitrust in High-Tech Industries
A large share of the recent growth in the United States economy has been in high-technology industries or service industries that use high-tech services. Information and communications technologies have developed very rapidly, generating productivity growth throughout the economy. The firms developing many of these technologies�such as Oracle, Intel, and Microsoft�have achieved a dominant position in the marketplace and thus attracted the attention of competition authorities. But successful innovation, with or without patent protection, is often accompanied by a position of market power. Transitory or even not so transitory monopoly profits are the reward for successful innovation and may be required to promote a dynamic economy, as Joseph Schumpeter explained decades ago. As a result, successful innovators often find themselves in conflict with competition policy authorities.
Event – Retrans Redux: The Economics of Retransmission Consent
The recent Cablevision-Fox dispute illustrates the delicate nature of negotiations between video programmers and distributors. In reaction to the dispute, the Federal Communications Commission announced it intends to issue a Notice of Proposed Rulemaking on retransmission in early 2011. Because negotiations between programmers and distributors take place in the shadow of FCC regulations, regulatory changes may have large effects on those negotiations. How will reformed retransmission regulations affect programming deliberations and deals? These questions will be explored at “Retrans Redux: The Economics of Retransmission Consent,” hosted by the Technology Policy Institute.
Pearlstein on Google
Steven Pearlstein writes in the December 14 issue of The Washington Post…
Residential and Business Broadband Prices, Part 2: International Comparisons
Residential and Business Broadband Prices Pt2
Residential and Business Broadband Prices, Data Appendix
Residential and Business Broadband Prices Data Appendix
U.S. Broadband Prices Have Remained Stable
Residential broadband prices in the U.S. remained fairly stable over the past few years, while the price of business plans in the U.S. has decreased, show Scott Wallsten and James Riso in “Residential and Business Broadband Prices, Part 2: International Comparisons,” released today by the Technology Policy Institute. The authors’ analysis also shows that the price for standalone broadband in the U.S. is in the middle range of prices in OECD countries. The paper is the second part of a comprehensive study on broadband pricing.
Research Roundup: File-sharing vs. music sales, Craigslist vs. newspapers, and more
In this edition of the Research Roundup we highlight a paper by…