Big data and competition analysis under Australian competition law: comeback of the structuralist approach?

2020 ◽  
Author(s):  
Baskaran Balasingham ◽  
Hannah Jordan
Keyword(s):  
Vertical Integration ◽  
Chicago School ◽  
Structural Factors ◽  
Structural Elements ◽  
Barriers To Entry ◽  
Online Markets ◽  
Competition Analysis ◽  
Structural Framework ◽  
Five Factors ◽  
Old Economy

Abstract Competition assessment in Australia has traditionally been based on an evaluation of the market structure relying on five factors, namely the degree of market concentration, the height of barriers to entry, the extent of product differentiation, the extent of vertical integration, and the nature of arrangements between firms. These factors, known as the ‘QCMA factors’, are characteristic of competition in the manufacturing industries of the ‘old economy’. Since the ascendancy of Chicago and Post-Chicago School thinking competition analysis in Australia has also taken into consideration non-structural factors. However, in light of the dominance of big tech companies in online markets, the so-called ‘Neo-Brandeisian School’ has advocated focusing on structural elements that are characteristic of online markets. This article examines to what extent the QCMA factors still a suitable structural framework for the assessment of competition in online markets.

Barriers to Entry and Implications for Competition Policy

2018 ◽  
Author(s):  
Simon Roberts
Keyword(s):  
South African ◽  
Vertical Integration ◽  
Competition Policy ◽  
Economies Of Scale ◽  
Productive Capacity ◽  
Barriers To Entry ◽  
Access To Finance ◽  
African Context ◽  
Regulatory Barriers ◽  
Consumer Switching

Competition requires rivals. While this rivalry may come from imports, the development of local capabilities and productive capacity for rivalry, including by black industrialists in the South African context, means understanding the barriers to entry that local producers must overcome. Barriers to entry are also critical for the correct balance between the risks of over- and under-enforcement and are one reason why it has been recommended that countries should adopt different standards for competition evaluation. This chapter draws on studies of barriers to entry in different markets in South Africa to consider the nature and extent of these barriers and the implications for competition policy. It highlights issues related to regulatory barriers, consumer switching costs and branding, routes to market, and vertical integration, as well as economies of scale and access to finance.

The rise of the land market in medieval south-west Finland

2018 ◽  
Vol 33 (2) ◽  
pp. 153-171
Author(s):  
Mika Kallioinen
Keyword(s):  
Vertical Integration ◽  
Social Groups ◽  
Land Market ◽  
Barriers To Entry ◽  
South West ◽  
The Family ◽  
High Degree

AbstractThis article aims to explain how the market for land functioned in medieval south-west Finland. The data show that in medieval times land was increasingly treated as something to be transferred in return for ready money, albeit within the limits set by the interests of the family. The land market was open to large segments of society, suggesting that barriers to entry were low. It was characterised by strong vertical integration, although asymmetric, as the majority of the transactions took place between participants from different social groups. The article will also consider the high degree of geographical integration in the land market.

scholarly journals The economics of merger appraisal: analysis of best practices

2019 ◽  
pp. 60-67
Author(s):  
V. Pruzhansky
Keyword(s):  
Cost Savings ◽  
Structural Factors ◽  
Barriers To Entry ◽  
Negative Effects ◽  
Market Shares ◽  
Starting Point ◽  
Customer Switching ◽  
The Us ◽  
Buyer Power ◽  
Merger Remedies

The article briefly outlines key economic principles that are used for merger appraisal in Europe and the US. We consider three most typical cases: horizontal, vertical and conglomerate mergers. We explain the main positive and negative effects that typically arise in each case. We point that the analysis of structural factors (levels of industry concentration and market shares) and barriers to entry can serve only as a starting point of the merger appraisal process. Other indicators such as closeness of competition, countervailing buyer power and customer switching, counter-reactions of rivals, levels of profitability, cost savings are far more important for the analysis of merger effects on consumers and competition. In addition, we describe general economic principles with regards to merger remedies.

Sherman Act 1890: Modernization and Impact on Markets

2021 ◽  
Vol 9 (3) ◽  
pp. 104-108
Author(s):  
Alex Han
Keyword(s):  
Chicago School ◽  
Perfect Competition ◽  
Barriers To Entry ◽  
Free Entry ◽  
Major Purpose ◽  
Free Competition ◽  
Sherman Act ◽  
Antitrust Laws ◽  
American Economy ◽  
Harvard School

The major purpose of the Sherman Act was to prevent mergers from forming monopolies. It ensures consumers are protected from price discrimination, and there is free competition. Several economists, classical economists, neoclassical economists, Chicago school and Harvard school, pointed out several antitrust laws. Classical economists led by Smith argued that monopolists set prices at higher prices and raise their charges higher through understocking the markets hence corporations and mergers should be prevented. Neoclassical economists developed a model which assumes that there are no barriers to entry whereby there is free entry to the market. Harvard school also advocated for free competition. Either, the Chicago school was against the idea of free competition and proposed some acts from the antitrust laws to be removed.  However, with advancements in technology, the Sherman Act has become outdated and some languages used are held, making it a challenge to interpret in courts. There is a need for the antitrust laws to be reformed to fit the changing technology. Bills should be proposed to make improvements to the acts. For example, Klobuchar Amy, in April 2021, proposed a bill seeking to reform antitrust laws to better perfect competition in the American economy.

scholarly journals International migration and health: it is time to go beyond conventional theoretical frameworks

2020 ◽  
Vol 5 (2) ◽  
pp. e001938 ◽  
Author(s):  
Muhammad Zakir Hossin
Keyword(s):  
International Migration ◽  
Health Inequalities ◽  
Immigrant Health ◽  
Large Scale ◽  
Structural Factors ◽  
Theoretical Frameworks ◽  
Structural Framework ◽  
Novel Approach ◽  
Multiple Dimensions ◽  
Wide Range

The large-scale international migration in the 21st century has emerged as a major threat to the global health equity movement. Not only has the volume of migration substantially increased but also the patterns of migration have become more complex. This paper began by focusing on the drivers of international migration and how health inequalities are linked to migration. Situating migration within the broader structural contexts, the paper calls for using the unharnessed potential of the intersectionality framework to advance immigrant health research. Despite coming from poorer socioeconomic backgrounds and facing disparities in the host society, the immigrants are often paradoxically shown to be healthier than the native population, although this health advantage diminishes over time. Studies on immigrant health, however, are traditionally informed by the acculturation framework which holds the assimilation of unhealthy lifestyles primarily responsible for immigrant health deterioration, diverting the attention away from the structural factors. Although the alternative structural framework came up with the promise to explore the structural factors, it is criticised for an overwhelming focus on access to healthcare and inadequate attention to institutional and societal contexts. However, the heterogeneity of the immigrant population across multiple dimensions of vulnerability demands a novel approach that can bring to the fore both premigratory and postmigratory contextual factors and adequately capture the picture of immigrant health. The paper concludes by questioning the acculturation perspective and pushing the structural paradigm to embrace the intersectionality framework which has the potential to address a wide range of vulnerabilities that intersect to produce health inequalities among the immigrants.

scholarly journals Wettbewerbspolitischer Handlungsbedarf bei der Verknüpfung von zweiseitigen Märkten im Internet: Der Fall Google

2013 ◽  
Vol 62 (3) ◽  
Author(s):  
Sebastian von Engelhardt ◽  
Andreas Freytag ◽  
Volker Köllmann
Keyword(s):  
Vertical Integration ◽  
Competition Policy ◽  
Network Effects ◽  
Barriers To Entry ◽  
Dynamic Effects ◽  
Policy Issues ◽  
Search Results ◽  
Information Power ◽  
Economics Of Scale ◽  
Competitive Behaviour

AbstractWe discuss competition policy issues of vertical integration in internetbased two-sided markets against the background of the Google antitrust allegations. Network effects and economics of scale often lead to dominating companies, which are integrated over several markets. This implies efficiency gains but creates barriers to entry. Where entrants can appropriate dynamic effects accumulated by incumbents, barriers to entry are lowered but this reduces incumbents’ incentives to invest. Reducing multi homing and increasing switching costs is anti-competitive behaviour. Manipulating search results may leverage market power, but there is no theory on the ‚information power‘ of search engines. The concept of ‚search neutrality‘ is not convincing.

scholarly journals The discovery of structural elements and zones of hydrothermal alterations by using ASTER satellite data in the margins of Gadabay and Murovdag ore districts (Lesser Caucasus, Azerbaijan)

2021 ◽  
Vol 30 (3) ◽  
pp. 512-527
Author(s):  
Mamoy I. Mansurov ◽  
Nazim A. Imamverdiyev ◽  
Vagif M. Karimov ◽  
Eyzangul F. Ganbarova ◽  
Turgay J. Damirov ◽  
...  
Keyword(s):  
Satellite Data ◽  
Porphyry Copper ◽  
Principal Component ◽  
Alteration Zone ◽  
Geological Condition ◽  
Structural Factors ◽  
Structural Elements ◽  
Copper Porphyry ◽  
Copper Pyrite ◽  
Lithological Composition

The article considers the discovery of structural elements, zones of hydrothermal alterations and mineralization in the margins of Gadabay and Murovdag regions and the study of prospective areas for mineralization characterized by them by using ASTER satellite data. The main purpose of the research is the definition of the lithological composition of rocks, ring and linear structures and zones of hydrothermal alterations with the help of remote-sensing methods and by better technological development of special radiometric data. In order to detect the lithological composition of associated rocks of alteration zone of endogenous ores, 14 channel data of ASTER has been used. By using stereoscopic images obtained from ASTER data, it was determined that hydrothermal alterations are mainly represented by alunitization, kaolinization, sericitization, silication, pyropilitization and silification in the studied ore regions. These changes were shown to be characteristic for copper-porphyry, gold- copper pyrite, copper-polymetal and gold-copper-porphyry deposits. Strip ratios, principal component analysis (PCA), minimum of noise fraction (MNF) and selection method for least squares (LS) have been used to map hydrothermal alteration zones. The ring structures detected in the area, different fault fractures and lineaments are assessed as favourable geological structural factors for alteration and mineralization. The results obtained by ASTER image analysis confirm the presence of derivative minerals which are considered to be the product of hydrothermal alterations which are densely concentrated (kalium spathization, kaolinization, serictization, pyrophyllitization, alunitization) has been confirmed. The points each with private coordinates have been determined (defined) within separate areas with the help of remote data and relevant anomalous maps prepared. These points are considered favourable geological condition in terms of the type and intensity of hydrothermal alterations in the area. Such areas are considered a sign of indirect search significant for the detection of copper-polymetallic, copper-porphyry, copper-pyrite and gold-pyrite type of mineralization with epithermal origin in the region.

scholarly journals “What did you see in this picture” Training preschool children to create fictional narratives.

2021 ◽  
Vol 9 (9) ◽  
pp. 634-644
Author(s):  
Hellen Vretudaki
Keyword(s):  
Preschool Children ◽  
Prior Knowledge ◽  
Instructional Strategy ◽  
Control Group ◽  
Structural Elements ◽  
Intervention Programme ◽  
Structural Framework ◽  
Multilevel Intervention ◽  
Experimental Group ◽  
Preschool Aged Children

The purpose of this study is to examine the effect on preschool aged children of an intervention reinforcing comprehension of the structural framework of stories, so that they can produce their own stories. The sample consisted of 78 children, ages 4-6. The sample was separated into two groups, one experimental and one control group. The children in the experimental group were taught how to create original fictional stories through a multilevel intervention programme. During sessions, well-structured books were used that had very well-structured contents and an instructional strategy was implemented on five levels (creating prior knowledge, discussion, modelling, monitoring the process and producing stories). The children in the control group were read the same books and a discussion followed on the interesting parts of the stories. The results showed that the intervention programme significantly improved the children’s ability to understand the structural elements of a story and to generate comprehensible and organised fictional stories.

Business Domain Decision Method for Manufacturing and Service

2013 ◽  
Author(s):  
Hiroomi Onda ◽  
Toshiharu Miwa ◽  
Vincent R. Jackson ◽  
Dahwe Park ◽  
Kevin W. Reynolds ◽  
...  
Keyword(s):  
Business Model ◽  
Vertical Integration ◽  
Service Provider ◽  
Data Center ◽  
It Services ◽  
Barriers To Entry ◽  
It Service ◽  
First Case ◽  
A Company

This paper deals with a study on a method to support the decision on entering business areas in a business model consisting of manufacturing and service. This method divides the business model into business areas by the functions that support a company to decide whether it should enter business areas. This method prioritizes the areas from the aspects of profit opportunities, barriers to entry, and interactions between the areas. This method reduces the time to decide which business area to enter and reduces the number of examination objects to the number of business areas (n) or fewer from the total number of possible combinations (2 to the 2nd power n). To confirm the efficiency of this method, we demonstrated two case studies in the IT services industry. In the first case study, from the perspective of a UPS battery supplier, the number of examination objects is 3 when the number of business areas is 11. And the first case study indicates that a suitable strategy for a battery supplier is to concentrate on the strategy of supplying batteries. In the second case study, from the perspective of an IT service provider, the number of examination objects is 10 when the number of business areas is 11. The second case study indicates that a suitable strategy for an IT service provider is vertical integration from software development to data center operation and hardware manufacturing.

A Giant Problem: The Influence of the Chicago School on Australian Competition Law, Economic Dynamism and Inequality

2019 ◽  
Vol 47 (4) ◽  
pp. 696-714 ◽  
Author(s):  
Adam Triggs ◽  
Andrew Leigh
Keyword(s):  
United States ◽  
Market Power ◽  
Competition Law ◽  
Chicago School ◽  
The United States ◽  
Market Concentration ◽  
Vertical Restraints ◽  
Barriers To Entry ◽  
Competitive Process ◽  
Growing Body

Australia has a competition problem: there is not enough of it. Our industries are concentrated. Our markets show signs of weak competition. The way Australia’s courts, parliamentarians and regulators think about competition is partly to blame. Although it has been less influential in Australia than in the United States, the Chicago School’s views on competition have shaped our laws, policies and enforcement practices. The Chicago School views market concentration as a virtue more than a vice. The School contended that barriers to entry are negligible, market power is temporary, most mergers are good, vertical restraints and predatory pricing are either benign or efficient. The growing body of research and experience, however, shows that the Chicago School’s faith in the ability of markets to self-correct and deliver competitive outcomes was misplaced. There is a strong progressive case for repositioning how we think about competition. Focusing more on the competitive process, the structure of markets and the incentives those structures create for firms will play an important role in reducing inequality.

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