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This Note argues that the current framework in antitrust—specifically its pegging competition to “consumer welfare,” defined as short-term price effects—is unequipped to capture the architecture of market power in the modern economy. We cannot cognize the potential harms to competition posed by Amazon’s dominance if we measure competition primarily through price and output. Specifically, current doctrine underappreciates the risk of predatory pricing and how integration across distinct business lines may prove anticompetitive. These concerns are heightened in the context of online platforms for two reasons. First, the economics of platform markets create incentives for a company to pursue growth over profits, a strategy that investors have rewarded. Under these conditions, predatory pricing becomes highly rational—even as existing doctrine treats it as irrational and therefore implausible. Second, because online platforms serve as critical intermediaries, integrating across business lines positions these platforms to control the essential infrastructure on which their rivals depend. This dual role also enables a platform to exploit information collected on companies using its services to undermine them as competitors.

Let your home pages be like DDF's homepages. Interesting and chockfull of interesting things.

via slatestarcodex "maybe the single most mind-opening essay I’ve ever read."

nassim nicholas taleb's defunct blog.

Essayt appeared in Daedalus, Spring 2004.

Why Europeans are getting taller and taller—and Americans aren’t.

must read :)

Birth rates in the European Union are falling fast.

diamonds are over prices, over hyped and utterly useless. Here is why.

FDI is not the answer to all growth pangs..

blog of noted economist Swaminathan Aiyar

very good analysis (with numbers/graphs.. yay) of running a hybrid(gas+petrol) car.

Mass collaboration on the Internet is shaking up business

We shall require a substantially new manner of thinking if mankind is to survive

many "theories?" like The Broken Window explained

New Rules Project - Resources -

how education affects how much you earn

nformational page on Warren Buffett

prof. sumantra ghoshal's article in pdf

by H.A. Scott Trask