Top Tweets for #PlatformsTuesday
#platformstuesday by @selcukunekbas
Competition and especially high-tech competition depends on markets open for entry.
Often, it's argued that contestability and threat of new rivals can deter monopolistic conduct by monopolists.
But are all entries created equal? (1/4)
#platformstuesday by @selcukunekbas
Last week, the UK House of Lords released a report on generative AI. 🤖
The report discusses competition issues in gen-AI. Importantly, it argues for innovation-driven policies to accelerate development.
More info: https://t.co/4QfsmJJQ5R
#platformstuesday by @riestainiukas
Apple's chicken-and-egg problem in its new Vision Pro embodies many processes of dynamic competition!
But first-off, a refresher. See last week's post to understand the problems Apple faces with the launch of its new hardware. (1/5)
#platformstuesday by @riestainiukas
A key tenet of disruptive innovation literature is spin-offs. To avoid competency traps and tunnel-visioning, large firms create spin-off units that focus on innovative and risky projects.
Something to think about vis-a-vis Illumina/GRAIL.
#platformstuesday by @riestainiukas
The perennial question of antitrust law is distinguishing between pro- and anticompetitive conduct.
Technical change always warps this calculus. Not only today's platforms, but also the developments in aluminium production in the 1940s.
#platformstuesday by @riestainiukas
The OpenAI saga has something in it for everyone.
Legal obsolescence, evasive entrepreneurship, road to serfdom, "killer-hires", and more.
Rigid rules seem to not go well with hyperdynamic markets.
Here goes for a DMA update of Art 5 obligations following @lewis_crofts 'request:
"A gatekeeper shall not directly or indirectly employ personnel from a non-gatekeeping service, even if it enjoys financial, technological, or commercial links with that service."
You're welcome.
#platformstuesday by @riestainiukas
Antitrust research on platform competition frequently overlooks firm theory. We need to analyze firm boundaries, integration decisions, and capability building. John Yun's aptly-titled paper is a welcome exception. See
https://t.co/DH4j9I0158
#platformstuesday by @riestainiukas
1/8
Platform markets are built on a combination of hardware and software in a rapid-paced setting. Building harmony between hardware and software is key.
But tech turbulence ensures that mismatches between hard/software occur frequently.
For the #platformstuesday we have a new paper by Young Scholar @riestainiukas on the role of EU data sharing rules concerning innovation and market contestability.
It was #PlatformsTuesday today, and the great @riestainiukas from DCI @fordynamism came up w/ some v strong💪🏻 points on competition in generative AI🤖.
#PlatformsTuesday by @riestainiukas
1/7
Competition in generative AI is stirring the antitrust space.
Competition between foundation models, importance of data, product differentiation, and interplatform competition run amok.
Let's focus on the last two.
https://t.co/SugP7OaRwp
#PlatformsTuesday by @riestainiukas
1/7
Competition in generative AI is stirring the antitrust space.
Competition between foundation models, importance of data, product differentiation, and interplatform competition run amok.
Let's focus on the last two.
https://t.co/SugP7OaRwp
1/6
#platformstuesday by @riestainiukas
In EU law, dominant firms have a special responsibility not to allow their conduct to distort the what little competition that remains on the market.
Many problems with this, but here are particularly important ones for platforms:
#platformstuesday by @riestainiukas
1/X
"Death by a Thousand Cuts"
Platforms rely on data to function, innovate, and compete. However, EU law presents an increasingly hostile environment to user data collection by large digital platforms.
Here are some examples:
#PlatformsTuesday by @riestainiukas
1/6
Platforms compete by innovating. Under US antitrust law, innovation enjoys a kind of primacy; it exonerates otherwise anticompetitive conduct.
Simply, product improvements cannot be anti-competitive.
1/2
#PlatformsTuesday by @riestainiukas
Dynamism rules platform competition. Hayek's concept of competition as a discovery procedure is ever-more relevant in this context.
There are earlier, and underexplored, accounts approximating Hayek's view of competition as well. 👇
#PlatformsTuesday by @riestainiukas
Let's explore the virtues of experimentalism.
Solutions to complex phenomena are best found via decentralized interactions and experiments (Hayek, but also Alchian 1950).
The resulting emergent orders would be superior to constructed ones.
#PlatformsTuesday
Analysis of platform competition underlining the role of dynamics ➡️
#platformstuesday by @riestainiukas
1/8
Competition regimes around the world frequently clash with digital platforms. But why?
This is the main question motivating my thesis. It is likely that there are multiple, equally plausible, answers.
Let's focus on one: power.
This #PlatformsTuesday by @riestainiukas discusses the network effects 🛜
Networks are crucial also for complexity science, and you can be sure they will reappear on some future #ComplexityMonday's 📆
1/6
#PlatformsTuesday by @riestainiukas
The concept of network effects occupies the centerstage in discussions on platform economics.
Network effects refer to the positive relationship between the value of a service, and the number of its users.
More usage = more value.
1/6
#PlatformsTuesday by @riestainiukas
The concept of network effects occupies the centerstage in discussions on platform economics.
Network effects refer to the positive relationship between the value of a service, and the number of its users.
More usage = more value.
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