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(Fudenberg and Tirole, 1984) for firms, which allows them to soften competition, but that it comes at the cost of lower demand … firms can invest in increasing the demand from online shoppers, the ban may have adverse effects on investment and social …
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a targeted incentive may increase demand for non-targeted sellers when both platform certificates and the promoted …
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This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...
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In 2018, the European Council and the UK and Spanish governments each proposed to introduce a Digital Services Tax (DST), to be levied on the revenue of large digital platforms from advertising, online intermediation, and/or the transmission of data. We offer a rationalization of the DST as a...
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Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...
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