Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information

Resource Information

The work Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information represents a distinct intellectual or artistic creation found in Biddle Law Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

Antitrust law in the new economy : Google, Yelp, LIBOR, and the control of information

Title remainder

Google, Yelp, LIBOR, and the control of information

Statement of responsibility

Mark R. Patterson

Creator

• Patterson, Mark R., 1956-

Author

• Patterson, Mark R., 1956-

Subject

• Consumer protection -- Law and legislation -- United States
• Restraint of trade -- United States
• Restraint of trade
• Disclosure of information -- Law and legislation -- United States
• Deceptive advertising -- Law and legislation
• Consumer protection -- Law and legislation
• Deceptive advertising -- Law and legislation -- United States
• Antitrust law -- United States
• Disclosure of information -- Law and legislation
• United States
• Information services -- Law and legislation
• Information services -- Law and legislation -- United States
• Antitrust law

Language

eng

Summary

"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"--

Assigning source

Provided by publisher

Cataloging source

MH/DLC

Index

index present

Literary form

non fiction

Nature of contents

bibliography