Bilal Sayyed sits down with Compass Lexecon economists Joseph Goodman and Evan McKay to discuss one of the most closely watched monopolization cases in recent years: the FTC’s allegation that Facebook’s acquisitions of Instagram and WhatsApp were efforts to maintain its monopoly in the market for Personal Social Networking Services. At the center of the case—and the court’s decision—is a simple but always core question: What is the relevant market and who is in it? Join Bilal, Evan and Joseph for a discussion of the economic evidence - drawn from both natural experiments and field experiments designed by John List and the team - that the judge credited as the most helpful evidence presented to answer those questions. Links Joseph Goodman bio page (https://tinyurl.com/yva967ak) Evan McKay bio page (https://tinyurl.com/36tm4her) Consumer Demand and Market Competition with Time-Intensive Goods (https://tinyurl.com/3a76sf7n)
Bilal Sayyed sits down with Compass Lexecon economists Joseph Goodman and Evan McKay to discuss one of the most closely watched monopolization cases in recent years: the FTC’s allegation that Facebook’s acquisitions of Instagram and WhatsApp were efforts to maintain its monopoly in the market for Personal Social Networking Services. At the center of the case—and the court’s decision—is a simple but always core question: What is the relevant market and who is in it? Join Bilal, Evan and Joseph for a discussion of the economic evidence - drawn from both natural experiments and field experiments designed by John List and the team - that the judge credited as the most helpful evidence presented to answer those questions.
Links:
Consumer Demand and Market Competition with Time-Intensive Goods