The Economics and Regulation of Digital Markets / edited by Frank Fagan and James Langenfeld.

Format:

Book

Contributor:

Fagan, Frank, editor.

Langenfeld, James, editor.

Series:

Research in law and economics ; Volume 31.

Research in Law and Economics Series ; Volume 31

Language:

English

Subjects (All):

Computer networks--Law and legislation.

Computer networks.

Physical Description:

1 online resource (161 pages)

Edition:

First edition.

Place of Publication:

Leeds, England : Emerald Publishing Limited, [2024]

Summary:

Presenting new findings and perspectives from leading international scholars on three critical areas of developing government policies: Digital markets and their regulation, the divergence of expert and public views on European democracy, and the effects of firing notification procedures on wage growth.

Contents:

Front Cover

THE ECONOMICS AND REGULATION OF DIGITAL MARKETS

RESEARCH IN LAW AND ECONOMICS

Copyright

CONTENTS

LIST OF CONTRIBUTORS

1. The Economics and Regulation of Digital Markets

2. Is the Digital Markets Act the Cure for Europe's Platform Ills? Evidence From the European Commission's Impact Assessment

Abstract

1 Introduction

2 Background: Static and Dynamic Competition

3 The Costs and Benefits Considered in the Impact Assessment

3.1 Introduction

3.2 The Benefits Considered in the Impact Assessment

3.2.1 GDP Growth

3.2.2 Employment

3.2.3 Innovation

3.2.4 Benefits from Investment in R&amp

D

3.2.5 Consumer Surplus

3.2.6 Competition

3.2.7 Internal Market Fragmentation

3.2.8 Cross-Border Trade

3.3 The Costs Considered in the Impact Assessment

3.3.1 Costs to the Commission

3.3.2 Costs to National Authorities

3.3.3 Costs to Platforms

3.3.4 Costs to Ecosystem Users and the Broader Economy

3.3.5 Technology Transfer

3.3.6 Impacts on Small and Medium Enterprises

4 Concluding Comments

Notes

References

3. Data, Power, and Competition Law: The (Im)possible Mission of the DMA?1

2 The New Challenges of Competition Law: Power Imbalances and Consumer Sovereignty

3 The Issue of "Data Power" in Competition Law and Beyond

4 The Digital Markets Act Thresholds: Overview, Ratio, and Critic

5 The Digital Markets Act: Critical Optimism

6 Conclusive Remarks: Lock-In Effect as the Guiding Principle for the Interpretation of Gatekeeping Power

Bibliography

4. Rethinking Remedies for the Attention Economy

2 Attention Economy in Social Media Markets

3 Structural Remedies for the Attention Economy.

3.1 Efficiency of Structural Remedies

3.2 Sustainability of Structural Remedies: Natural Selection at Work

3.3 The Paradox of the Attention Monopoly

4 Behavioral Remedies for the Attention Economy

4.1 Quantity-Based Behavioral Remedies: Attention Caps

4.2 Price-Based Behavioral Remedies: Attention Taxes

4.3 A Modified Attention Tax: Compensating Users for Attention Costs

4.4 The Informational Problems of Behavioral Remedies

5 Market-Based Remedies for the Attention Economy

5.1 Competing for the Monopoly

5.2 Social Media as a Vickrey Common

6 The Distributive Effects of Legal Intervention

(A) Data

(B) Articles and Books

5. With the Naked Eye - Diverging Perspectives on the Evaluation of Democracy in the European Union

2 The Data

2.1 The Indexes of the Quality of Democracy

2.2 The General Public's Satisfaction With Democracy

3 The Overlapping (To Some Extent) of Perspectives

4 The Significant Changes of the Democratic Assessment

5 Conclusions

6. Firing Notification Procedures and Wage Growth

2 Literature Review

2.1 Theoretical Literature

2.2 Empirical Literature

2.3 How Should the Firing Notification Procedures Impact Wage Growth?

3 Data

3.1 Variables

3.2 Summary Statistics

4 Empirical Analysis

4.1 Estimating Wage Growth

4.2 Treatment of the Labor Market Features

4.2.1 Wage Bargaining Involvement

4.2.2 Minimum Wage Growth and Firing Notification Restrictions

4.2.3 Vocational Training and Firing Notification Restrictions

4.2.4 Employment Distribution by Education and Temporary Employment

4.2.5 Severance Pay and Firing Notification Restrictions

4.3 Changes in the Firing Notification Restrictions

4.4 Treatment of Endogeneity.

5 Conclusions

Acknowledgments

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-83797-643-0

OCLC:

1412622011