Managing Nascent Digital Competition: An Assessment of Australian Merger Law under Conditions of Radical Uncertainty

2021 ◽  
Vol 44 (3) ◽  
Author(s):  
Joshua Sinn
Keyword(s):  
Future Market ◽  
Market Conditions ◽  
Rule Based ◽  
National Competition ◽  
Radical Uncertainty ◽  
Experimentalist Governance ◽  
Regulatory Model ◽  
Start Ups ◽  
Over Time

The Australian Competition and Consumer Commission is among several national competition regulators that have recently expressed concerns about the inability of existing merger law to address competition issues that arise from acquisitions of digital start-ups. The unique characteristics of rapidly evolving digital markets present unprecedented challenges for traditional merger regimes that rely on predictions of future market conditions to justify intervention. This article argues that Australian merger law is unable to adequately address the uncertain risks presented by acquisitions of nascent competitors in digital markets. It further argues that traditional rule-based merger regimes are unable to properly navigate conditions of extreme uncertainty. An alternative regulatory model that is explored in detail is experimentalist governance, which promises to allow regulators and firms to respond to radical uncertainty by recursively crafting solutions to problems that emerge in dynamic digital markets over time.

PENERAPAN TIPOLOGI PASAR, ARSITEKTUR DAN PERILAKU GENERASI Z PADA PERANCANGAN PASAR MASA DEPAN DI GONDANGDIA

2021 ◽  
Vol 3 (1) ◽  
pp. 995
Author(s):  
Irwin Irwin ◽  
Doddy Yuono
Keyword(s):  
Public Space ◽  
Emerging Market ◽  
Design Strategy ◽  
Public Spaces ◽  
Future Market ◽  
Generation Z ◽  
Equal Space ◽  
And Behavior ◽  
Changes Over Time ◽  
Over Time

The pandemic caused by the corona virus has changed the lifestyle of humans, both directly and indirectly, especially generation Z in Jakarta. The way humans meet their primary needs also changes over time. Many of generation Z decide to shop online to meet their individual needs. Generation Z defines balance as one of the things that is seen in living life, including meeting their needs and interacting with others. The Future Market in Gondangdia exists as a forum that provides space for buying and selling transactions to be more interactive, creative, flexible, and in accordance with health protocols. Through dis-programming, combining creative buying and selling programs and public space as one unit in a design is one of the methods used in designing architectural programs. The combination of the two programs creates an equal space with alternate uses depending on time. The emerging market typology method and its relation to Z generation architecture and behavior become a design strategy in designing. This provides an innovative and interactive buying and selling space according to the needs of generation Z. Keywords: Buy and sell spaces; Public spaces; Future markets; Generation Z; Buy and sell; Dis-programming AbstrakPandemi yang disebabkan oleh virus korona telah mengubah gaya hidup manusia, baik secara langsung maupun tidak langsung, khususnya generasi Z di Jakarta. Cara manusia dalam memenuhi kebutuhan primernya pun berubah seiring berjalannya waktu. Banyak dari generasi Z memutuskan untuk berbelanja online untuk memenuhi kebutuhannya masing-masing. Generasi Z mendefinisikan keseimbangan sebagai salah satu hal yang dilihat dalam menjalani kehiduoan termasuk dalam memenuhi kebutuhannya dan berinteraksi dengan sesamanya. Melalui dis-programming memadukan program jual beli kreatif dan ruang publik sebagai satu kesatuan di dalam sebuah desain merupakan salah satu metodw yang digunakan dalam perancangan program arsitektur. Perpaduan kedua program tersebut menciptakan sebuah ruang yang sama dengan penggunaanya bergantian tergantung oleh waktu. Metode tipologi pasar yang berkembang dan kaitannya dengan arsitektur dan perilaku generasi Z menjadi strategi desain dalam merancang. Hal ini memberikan ruang jual beli yang inovatif dan interaktif sesuai dengan kebutuhan generasi Z.

Product Market Regulation and Competitiveness: Toward a National Competition and Competitiveness Policy for Greece1

2017 ◽  
Author(s):  
Yannis Katsoulacos ◽  
Christos Genakos ◽  
George Houpis
Keyword(s):  
Positive Impact ◽  
Regulatory Reform ◽  
Market Regulation ◽  
Product Markets ◽  
Quality Regulation ◽  
National Competition ◽  
Greek Economy ◽  
Main Determinants ◽  
Over Time

This chapter examines the competitiveness of product markets in Greece. One of the main determinants of competitiveness is the quality of the set of rules and regulations that govern the operation of markets. These should promote competition, investment and entrepreneurship. Heavy and low-quality regulation is generally associated with greater inefficiency and poor economic outcomes. This chapter describes competitiveness in the Greek economy and its evolution over time using various internationally comparable indicators that cover many dimensions of competitiveness. It demonstrates that product markets in Greece are among the most heavily and misregulated markets of advanced countries, though the reforms that took place during 2011–2014 had a positive impact. The chapter investigates in greater depth the misregulation of product markets, identifying possible causes and illustrating through case studies. It makes the case for a National Competition and Competitiveness Policy plan to improve the regulatory institutions and reduce regulatory burden. Finally, it looks at the successes and failures of regulatory reform history in two important markets: energy and telecommunications.

scholarly journals Why Do Distilleries Produce Multiple Ages of Whisky?

2019 ◽  
Vol 14 (01) ◽  
pp. 26-47 ◽  
Author(s):  
Ian B. Page
Keyword(s):  
Theoretical Model ◽  
Empirical Analysis ◽  
Product Line ◽  
Product Lines ◽  
Market Conditions ◽  
Different Ages ◽  
Over Time ◽  
Jel Classifications

AbstractVintage goods are a unique set of goods that accrue value over time. Unlike producers for many other vintage goods, Scottish distilleries often mature their stocks to different ages and sell a product line that varies significantly in quality. This article develops a theoretical model to examine this maturation strategy and identify market conditions under which a distillery would produce multiple ages of whisky. An empirical analysis of distilleries’ product lines confirms results from the model and highlights the determinants of variety and substitutability between brands. (JEL Classifications: D43, L13, L66)

scholarly journals Redewiedergabe – Schritte zur automatischen Erkennung

2019 ◽  
Vol 47 (1) ◽  
pp. 216-248
Author(s):  
Annelen Brunner
Keyword(s):  
Machine Learning ◽  
Automatic Detection ◽  
Learning Approach ◽  
Manual Annotation ◽  
Narrative Texts ◽  
Rule Based ◽  
Machine Learning Approach ◽  
Different Types ◽  
Short Narrative ◽  
Over Time

Abstract This contribution presents a quantitative approach to speech, thought and writing representation (ST&WR) and steps towards its automatic detection. Automatic detection is necessary for studying ST&WR in a large number of texts and thus identifying developments in form and usage over time and in different types of texts. The contribution summarizes results of a pilot study: First, it describes the manual annotation of a corpus of short narrative texts in relation to linguistic descriptions of ST&WR. Then, two different techniques of automatic detection – a rule-based and a machine learning approach – are described and compared. Evaluation of the results shows success with automatic detection, especially for direct and indirect ST&WR.

A Two-Stage Sales Forecasting Procedure Using Discounted Least Squares

1994 ◽  
Vol 31 (1) ◽  
pp. 44-56 ◽  
Author(s):  
Stephen A. Smith ◽  
Shelby H. McIntyre ◽  
Dale D. Achabal
Keyword(s):  
Regression Analysis ◽  
Least Squares ◽  
Environmental Variables ◽  
Market Conditions ◽  
Two Stage ◽  
Sales Data ◽  
Retail Chain ◽  
Stage 1 ◽  
Smoothing Procedure ◽  
Over Time

The authors develop a two-stage forecasting methodology for estimating the sales responses to marketing and environmental variables when it is likely that their impacts will change unpredictably over time. The methodology is based on an integrated least squares procedure that uses regression analysis in Stage 1 to estimate the coefficients of the controllable and environmental variables in combination with a Stage 2 discounted least squares smoothing procedure that updates key parameters in response to changing market conditions. The effectiveness of the methodology is demonstrated by applying it to weekly sales data from a major retail chain.

From London to Bretton Woods; Sources of Change in Bargaining Strategies and Outcomes

1988 ◽  
Vol 8 (3-4) ◽  
pp. 287-315 ◽  
Author(s):  
John S. Odell
Keyword(s):  
Mechanisms Of Change ◽  
Market Conditions ◽  
Change Over Time ◽  
Bretton Woods ◽  
Policy Ideas ◽  
National Market ◽  
Publicity Campaign ◽  
Strategy Changes ◽  
Over Time ◽  
National Experience

ABSTRACTOur most prominent theories of international bargaining miss elements essential for understanding national bargaining strategies and international outcomes. In particular they lack sufficient mechanisms of change over time. A focused contrast between the London economic and monetary conference of 1933 and the Bretton Woods conference of 1944 suggests three new dynamic hypotheses. (1) Changes, especially extreme ones, in national market conditions are likely to shift the state's bargaining strategy sharply even if its relative international position has not changed. A slump will produce a more exploitative strategy, while a boom will encourage either a passive or an expansive strategy. (2) Painful national experience running contrary to prevailing policy ideas is likely to discredit those ideas among politicians and officials, turn them toward alternative doctrines, and lead to corresponding strategy changes. The ideas most likely to spread politically are ones which had predicted the currrent problem, and those whose advocates mount the most sophisticated publicity campaign. (3) International technical disagreement can pose a decisive impediment to intergovernmental agreement, while in some conditions at least technical convergence facilitates official agreement.

Yet more on a stochastic economic model: part 2: initial conditions, select periods and neutralising parameters

2015 ◽  
Vol 10 (1) ◽  
pp. 1-51 ◽  
Author(s):  
A. D. Wilkie ◽  
Şule Şahin
Keyword(s):  
Economic Model ◽  
Initial Conditions ◽  
Tree Structure ◽  
Parallel Structure ◽  
Similar Model ◽  
Market Conditions ◽  
Additional Information ◽  
Working Set ◽  
Over Time

AbstractIn this paper, we consider a number of practical and theoretical aspects of the Wilkie asset model, many of which apply to any similar model used for simulation over time. We discuss the experience of the Wilkie model since 2009. We then discuss the variables that can form the working set, the input set and the output set, all of which may be different. There are different ways of simulating, either in a linear parallel structure or in a branching tree structure. We then discuss the initial conditions required, which may be market conditions at some date, or may be “neutral” initial conditions, which may be defined in different ways. One method of generating initial conditions would be to simulate them randomly, from their own long-term distribution, and we show how to calculate the means, variances and covariances of these. What we call “neutralising parameters” may have a role, and we discuss how these may be found. Finally, we suggest using additional information in the first periods of the simulation to adjust the formulae or parameters for a limited “select period”.

scholarly journals Are the New Basel III Capital Buffers Countercyclical? Exploring the Option of a Rule-Based Countercyclical Buffer

2018 ◽  
pp. 1-6
Author(s):  
Filippo Occhino
Keyword(s):  
Business Cycle ◽  
Banking System ◽  
Capital Requirements ◽  
Economic Fluctuations ◽  
Capital Regulation ◽  
Basel Iii ◽  
Rule Based ◽  
The Business Cycle ◽  
Over Time

Countercyclical capital regulation can reduce the procyclicality of the banking system and dampen aggregate economic fluctuations. I describe two new capital buffers introduced in Basel III and discuss why their countercyclical effects may be small. If over time regulators want to increase the degree of countercyclicality of capital regulation, they might consider adopting a rule-based countercyclical buffer, that is, a buffer that is automatically lowered during recessions according to a rule. I present a conservative example of such a rule and its effects on capital requirements over the business cycle.

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