Digital-oriented mergers and acquisitions (DOMA) are increasingly being adopted as
strategic options by enterprises during digital transformation. They represent a crucial …

We model digital platforms as attention brokers that have proprietary information about their
users' product preferences and sell targeted ad space to retail product industries. Retail …

This paper examines recent proposals and research suggesting that artificial intelligence
(AI) adoption should be delayed until its potential harms are fully understood. Conclusions …

What role does data play in competition? This question has been at the center of a fierce
debate around competition policy in the digital economy. We use a competition-in-utilities …

The theory of platform envelopment rests on network effects as the key mechanism for value
creation, which nonetheless receives mixed support for its efficacy in determining …

In recent years, academia, institutions, and policymakers have been focusing their attention
on the impact of data in digital markets. The economic literature that explicitly models data …

We study mergers between firms operating in data-connected markets: the data generated
as a byproduct of the activity in market A can be used by firms operating in market B. The …

We study how a data-rich firm can benefit by unilaterally sharing its customer data with a
data-poor competitor when the data can be used for price discrimination. By sharing data on …

We study a two-period model of behavior-based price discrimination where firms can agree
to share customer information before the first-period competition begins, and the information …

We present a theory of monopoly protection by means of entry in adjacent markets that have
a common customer base (ie, envelopment). A firm dominant in its market enters a data-rich …