It is time for antitrust policy to reject static models of market analysis and enforcement that rely too much on simplistic indicators such as firm size, industry structure, and prices. Regulators should instead adopt a dynamic approach that recognizes how market power can drive innovation—and how disruptive innovation keeps market power in check.
Publications
June 14, 2021
IBM shaped the way the world did business for decades, driving the government’s technological innovation, competing to build the first PCs, and adapting to service economy. Few people know IBM’s fascinating history as well as Jim Cortada.
June 12, 2021
Stephen Ezell gave a keynote presentation to the Alpha-1 Foundation 2021 Annual Conference addressing policy priorities to ensure continued American life-sciences innovation leadership.
June 11, 2021
The United States needs to shift from an approach to power trade that is based on advancing U.S. foreign policy interests to an approach that focuses on advancing U.S. competitive advantage against China, especially in critical advanced technology sectors.
June 11, 2021
New research by economists at the University of Zurich tests the hypothesis that rising low-skill wage is a driver of automation by examining firm-level data of automation patents.
June 10, 2021
In a time of growing influence of China and its large internet companies, you may think that we urgently need the EU’s proposed
June 10, 2021
The president should seek a stronger alliance with European allies, particularly against China, but he should not “give away the store” by sacrificing U.S. economic and technology interests simply to make amends.
June 7, 2021
In a satirical piece, Rob Atkinson describes the current state of the responsible or “human-centered” AI movement, which rejects the use of AI to automate work.
June 7, 2021
Alarmists say the economy is experiencing a crisis of market concentration, with dominant players stifling competition in industry after industry. That is the pretext for a push to radically restructure antitrust policy—but newly released Census data largely contradict the claim.
June 7, 2021
Added data regulations will only limit the growth of the digital economy and dissatisfy consumers.