Antitrust law in the new economy :: Google, Yelp, LIBOR, and the control of information /
Markets run on information. Buyers make decisions by relying on their knowledge of the products available, and sellers decide what to produce based on their understanding of what buyers want. But the distribution of market information has changed, as consumers increasingly turn to sources that act a...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Massachusetts :
Harvard University Press,
[2017]
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Markets run on information. Buyers make decisions by relying on their knowledge of the products available, and sellers decide what to produce based on their understanding of what buyers want. But the distribution of market information has changed, as consumers increasingly turn to sources that act as intermediaries for information--companies like Yelp and Google. Antitrust Law in the New Economy considers a wide range of problems that arise around one aspect of information in the marketplace: its quality. Sellers now have the ability and motivation to distort the truth about their products when they make data available to intermediaries. And intermediaries, in turn, have their own incentives to skew the facts they provide to buyers, both to benefit advertisers and to gain advantages over their competition. Consumer protection law is poorly suited for these problems in the information economy. Antitrust law, designed to regulate powerful firms and prevent collusion among producers, is a better choice. But the current application of antitrust law pays little attention to information quality. Mark Patterson discusses a range of ways in which data can be manipulated for competitive advantage and exploitation of consumers (as happened in the LIBOR scandal), and he considers novel issues like "confusopoly" and sellers' use of consumers' personal information in direct selling. Antitrust law can and should be adapted for the information economy, Patterson argues, and he shows how courts can apply antitrust to address today's problems. |
| Beschreibung: | 1 online resource (viii, 317 pages) : 1 halftone |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 067497431X 9780674974319 9780674971424 0674971426 |
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| contents | Competition and consumer protection -- The economics of information -- Information and market power -- Agreements on information -- Exclusion by information -- "Confusopoly" and information asymmetries -- Privacy as an information product -- Information and intellectual property -- Restraint of trade and freedom of speech. |
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| publisher | Harvard University Press, |
| record_format | marc |
| spelling | Patterson, Mark R., 1956- author. Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / Mark R. Patterson. Cambridge, Massachusetts : Harvard University Press, [2017] ©2017 1 online resource (viii, 317 pages) : 1 halftone text txt rdacontent computer c rdamedia online resource cr rdacarrier text file rdaft Includes bibliographical references and index. Competition and consumer protection -- The economics of information -- Information and market power -- Agreements on information -- Exclusion by information -- "Confusopoly" and information asymmetries -- Privacy as an information product -- Information and intellectual property -- Restraint of trade and freedom of speech. Markets run on information. Buyers make decisions by relying on their knowledge of the products available, and sellers decide what to produce based on their understanding of what buyers want. But the distribution of market information has changed, as consumers increasingly turn to sources that act as intermediaries for information--companies like Yelp and Google. Antitrust Law in the New Economy considers a wide range of problems that arise around one aspect of information in the marketplace: its quality. Sellers now have the ability and motivation to distort the truth about their products when they make data available to intermediaries. And intermediaries, in turn, have their own incentives to skew the facts they provide to buyers, both to benefit advertisers and to gain advantages over their competition. Consumer protection law is poorly suited for these problems in the information economy. Antitrust law, designed to regulate powerful firms and prevent collusion among producers, is a better choice. But the current application of antitrust law pays little attention to information quality. Mark Patterson discusses a range of ways in which data can be manipulated for competitive advantage and exploitation of consumers (as happened in the LIBOR scandal), and he considers novel issues like "confusopoly" and sellers' use of consumers' personal information in direct selling. Antitrust law can and should be adapted for the information economy, Patterson argues, and he shows how courts can apply antitrust to address today's problems. Online resource; title from PDF title page (JSTOR, viewed July, 12, 2017). Antitrust law United States. Information services Law and legislation United States. Consumer protection Law and legislation United States. Deceptive advertising Law and legislation United States. Disclosure of information Law and legislation United States. Restraint of trade United States. Concurrence Restrictions États-Unis. LAW Military. bisacsh BUSINESS & ECONOMICS E-Commerce General. bisacsh Antitrust law fast Consumer protection Law and legislation fast Deceptive advertising Law and legislation fast Disclosure of information Law and legislation fast Information services Law and legislation fast Restraint of trade fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Verbraucherschutz gnd http://d-nb.info/gnd/4117338-7 Regulierung gnd New Economy gnd http://d-nb.info/gnd/4728437-7 Qualitätsaudit gnd Verbraucherzufriedenheit gnd http://d-nb.info/gnd/4129147-5 has work: Antitrust law in the new economy (Text) https://id.oclc.org/worldcat/entity/E39PCGpR6QbWVQ8w9FPTv4fYvb https://id.oclc.org/worldcat/ontology/hasWork Print version: Patterson, Mark R., 1956- Antitrust law in the new economy. Cambridge, Massachusetts : Harvard University Press, 2017 9780674971424 (DLC) 2016038274 (OCoLC)946906990 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2024354 Volltext |
| spellingShingle | Patterson, Mark R., 1956- Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / Competition and consumer protection -- The economics of information -- Information and market power -- Agreements on information -- Exclusion by information -- "Confusopoly" and information asymmetries -- Privacy as an information product -- Information and intellectual property -- Restraint of trade and freedom of speech. Antitrust law United States. Information services Law and legislation United States. Consumer protection Law and legislation United States. Deceptive advertising Law and legislation United States. Disclosure of information Law and legislation United States. Restraint of trade United States. Concurrence Restrictions États-Unis. LAW Military. bisacsh BUSINESS & ECONOMICS E-Commerce General. bisacsh Antitrust law fast Consumer protection Law and legislation fast Deceptive advertising Law and legislation fast Disclosure of information Law and legislation fast Information services Law and legislation fast Restraint of trade fast Verbraucherschutz gnd http://d-nb.info/gnd/4117338-7 Regulierung gnd New Economy gnd http://d-nb.info/gnd/4728437-7 Qualitätsaudit gnd Verbraucherzufriedenheit gnd http://d-nb.info/gnd/4129147-5 |
| subject_GND | http://d-nb.info/gnd/4117338-7 http://d-nb.info/gnd/4728437-7 http://d-nb.info/gnd/4129147-5 |
| title | Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / |
| title_auth | Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / |
| title_exact_search | Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / |
| title_full | Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / Mark R. Patterson. |
| title_fullStr | Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / Mark R. Patterson. |
| title_full_unstemmed | Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information / Mark R. Patterson. |
| title_short | Antitrust law in the new economy : |
| title_sort | antitrust law in the new economy google yelp libor and the control of information |
| title_sub | Google, Yelp, LIBOR, and the control of information / |
| topic | Antitrust law United States. Information services Law and legislation United States. Consumer protection Law and legislation United States. Deceptive advertising Law and legislation United States. Disclosure of information Law and legislation United States. Restraint of trade United States. Concurrence Restrictions États-Unis. LAW Military. bisacsh BUSINESS & ECONOMICS E-Commerce General. bisacsh Antitrust law fast Consumer protection Law and legislation fast Deceptive advertising Law and legislation fast Disclosure of information Law and legislation fast Information services Law and legislation fast Restraint of trade fast Verbraucherschutz gnd http://d-nb.info/gnd/4117338-7 Regulierung gnd New Economy gnd http://d-nb.info/gnd/4728437-7 Qualitätsaudit gnd Verbraucherzufriedenheit gnd http://d-nb.info/gnd/4129147-5 |
| topic_facet | Antitrust law United States. Information services Law and legislation United States. Consumer protection Law and legislation United States. Deceptive advertising Law and legislation United States. Disclosure of information Law and legislation United States. Restraint of trade United States. Concurrence Restrictions États-Unis. LAW Military. BUSINESS & ECONOMICS E-Commerce General. Antitrust law Consumer protection Law and legislation Deceptive advertising Law and legislation Disclosure of information Law and legislation Information services Law and legislation Restraint of trade United States Verbraucherschutz Regulierung New Economy Qualitätsaudit Verbraucherzufriedenheit |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2024354 |
| work_keys_str_mv | AT pattersonmarkr antitrustlawintheneweconomygoogleyelpliborandthecontrolofinformation |