This article reviews the regulatory campaign against China’s online platform sector that took place between 2020 and 2022. It focuses specifically on its substantive policy aspects, arguing that this “rectification” both intended to remedy existing perceived problems in the online platform...

Modern software development involves collaborative efforts and re-use of existing software packages and libraries, to reduce the cost of developing new software. However, package dependencies expose developers to the risk of contagion from bugs or other vulnerabilities. We study the formation of...

There is a harmful mismatch between how information published by the government is perceived—as highly trustworthy—and the reality that it is often not. This Article shows that the government frequently collects information from third-party private entities and publishes it with no review or...

We propose a two-sided market entry game and present experiments studying coordination behavior in the game. The two-sided market in the game is operated by an intermediary monopoly platform, serving two sides (i.e., customers and service providers) and featuring asymmetric agents, cross-side...

Banks carry significant exposures to nonbanks from direct dealings, but they can also be exposed, indirectly, through losses in asset values resulting from fire-sale events. We assess the vulnerability of U.S. banks to fire sales potentially originating from any of twelve separate nonbank...

In this paper we empirically address the issue of whether reductions in card payment interchange fees have a significant impact on prices paid by consumers. The answer to this question is at the core of most competition policy cases and regulations that have been applied to card payment markets....