#SouthAfrica 's competition authority is taking strong measures against #Google, #Apple, #Uber Eats, #booking.com, their local version of #Amazon.com called #Takealot, and other leading platforms to stop abuse of market power, support #competition , and to strengthen historically disadvantage business people (mostly #black).

What's odd: Most of the measures taken will entrench the #MarketPower of the large digital #platforms. Read my summary at @heiseonline in German:

https://www.heise.de/news/Wettbewerb-anders-fuehren-Suedafrika-legt-Google-Apple-Co-an-die-Kandare-9237369.html?wt_mc=sm.red.ho.mastodon.mastodon.md_beitraege.md_beitraege

🔍 Unveiling the dark side of market connectivity! Discover the chilling reality of #ChokepointCapitalism, where powerful connector companies tighten their grip, limiting choices & suffocating small businesses. Read my eye-opening post: 'Chokepoint Capitalism: Unveiling the Dark Side of Market Connectivity' #Capitalism #MarketPower #SmallBusinesses
https://jenniferkyrnin.com/blog/posts/chokepoint-capitalism/

Shaping #Sustainable Global #SupplyChains: In a new podcast episode, Pamela Mondliwaa looks at the role of #MarketPower in #GlobalValueChains: https://www.youtube.com/playlist?list=PLYD-xK5iYZl0Jb6AXH47CoVwFGKO9gjsJ
Produced by research network Sustainable Global Supply Chains, a joint endeavour @IDOS_research @SWPBerlin @kielinstitute & #GIGA

Which is to say that because interest rates increase the costs for businesses who enjoy #monopolistic #MarketPower, interest rate increases also cause *price* increases. And not to put too fine a point on it, the economists' term of art for "a sustained rise in the price level" is...*inflation*.

Fix says that at best, monetary policy - raising interest rates - simply fails to cause inflation. But at worst, it actually *increases* inflation.

14/

In general, #companies aren’t obligated to do #business with each other and can freely choose their business partners. But a dominant firm that’s said to have “#MarketPower” can potentially violate #AntitrustLaw if they refuse to deal with other parties. #Twitter #Mastodon #Musk #SocialMedia
https://www.cnn.com/2022/12/16/tech/mastodon-twitter-links/index.html

The high merger scrutiny threshold means that only a very few mergers are regulated: in 2021, out of 21,994 mergers, only 4,130 (<20%) were reported to the FTC. 2020 saw 16,723 mergers, with only 1.637 (>10%) being reported to the FTC.

Serial acquirers claim that the massive profits they extract by buying up and merging hundreds of businesses are the result of "efficiency" but a closer look at their marketplace conduct shows that most of those profits come from #MarketPower.

11/

Hello! We're researchers from the
#universityofedinburgh looking to contribute to the understanding of #advertising #technology (#adtech), #datapolitics, and #marketpower, funded by the #ESRC.

We're new here, interested to see what differences there are in community from the bird's nest.

Follow along as we think out loud with our investigating & outputs. We're looking to have conversations about the #sociology and #politics of #onlineadvertising.

#CallforPapers for our second #workshop on 𝐅𝐢𝐫𝐦 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲. Taking place in March 2023 at #UniversityofKent.

#Macro #FirmDynamics #Productivity #Economics #MarketPower #EconomicsConference

http://shorturl.at/enoQW

Deadline 20th December. Please apply!

And now #Beer:
10 small, independent #breweries in #Austria form an association against the #marketpower of #BrauUnion, which belongs to the Dutch beer giant #Heineken.
Well then: Cheers!
https://news.in-24.com/news/170624.html

#SouthKorea limits the #marketpower of #Google and #Apple and regulates their #marketplaces for #apps. More freedom of choice for consumers should be the logical consequence.
https://bgr.com/tech/apple-and-google-now-banned-from-forcing-apps-to-use-their-payment-systems-in-south-korea

US #congress wants measures against overwhelming #MarketPower of the big tech companies, especially by means of #AntiTrust regulations.
Good approach, hopefully they won't buckle but stay on course!
https://www.aljazeera.com/economy/2020/10/6/bb

So that #Amazon being investigated because of his #MarketPower is long overdue to me!
In this case the German #AntiTrust-authority hast started an investigation.
https://www.reuters.com/article/us-amazon-com-germany-competition/german-watchdog-launches-amazon-investigation-report-idUSKCN25C0LW