3 edition of Fundamentals of Antitrust Law found in the catalog.
|LC Classifications||December 1995|
|The Physical Object|
|Pagination||xvi, 104 p. :|
|Number of Pages||63|
nodata File Size: 1MB.
These laws have evolved along Fundamentals of Antitrust Law the market, vigilantly guarding against would-be monopolies and disruptions to the productive ebb and flow of competition. If you decide to keep the update after the 30 day review period ends, you are responsible for paying the invoice in full. United States House of Representatives. Stucke, Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy 2016.
Algorithmic collusion has none of that. Generally speaking, the main challenge posed by the digital economy to antitrust and competition agencies is the one of speed. For this reason, collusion is said to be non-cooperative.
" According to the Supreme Court, violations of the Sherman Anti-Trust Act also violate the Federal Trade Commission Act. There are two reasons for this. This stifles competition against the monopolist as the company will be able to buy supplies at potentially lower costs and prevent competitors from manufacturing similar products.
Blockchain is transforming collusion into a cooperative game.
A smart contract is a potential transaction that is recorded in a blockchain and will be automatically executed if and when several conditions are met. Indeed, such collusion is simply a more elegant way of implementing the same practices known for centuries. Unfortunately, studying algorithmic agreements without taking their medium into account is equivalent to analyzing the market for smartphone apps without taking into account how operating systems work.
Law Offices of Curtis V.
These two camps seem irreconcilable, mainly because they are not discussing the same thing.
When several companies decide to collude, they must consider two perspectives: one economic, one social.