Tuesday, August 21, 2012

Panel - Internet Competition: Implications for Antitrust

ASPEN 2012 AGENDA, Technology Policy Institute 

August 21, 2012
Susan Athey, Professor of Economics, Department of Economics, Harvard University and Visiting Researcher, Microsoft Research New England
Tim Bresnahan, Landau Professor in Technology and the Economy, Stanford University
Carlos Kirjner, Vice President and Senior Analyst, Internet, Alliance Bernstein
William Kovacic, Global Competition Professor of Law and Policy; Professor of Law; Director, Competition Law Center, George Washington University
Edith Ramirez, Commissioner, Federal Trade Commission
Hal Varian, Chief Economist, Google
Thomas Lenard, President and Senior Fellow, Technology Policy Institute (moderator)
Full Agenda here.

  , Video here.


- EU setting standards for competition policy globally 
- Platform competition and multihoming
- Complements/substitutes
- counterfactuals and harm to competition by innovation
- leadership in the vertical stack
- lesson from MS: from complement to possible substitute
- dangerous competition threats ex-post and ex-ante (Google/Netscape)
- counterfactual analysis when high quality products are given away for free (multi-sided markets)
- screen control and design
- fines' irrelevance
- changing nature of switching costs  (e.g. privacy issues suddenly relevant to Internet users and Google users in particular)
- the importance of behavioural economics in order to understand consumers' actions