Work

The Misguided Assault on the Consumer Welfare Standard in the Age of Platform Markets

Year: 2019

Type: article

Abstract: In this paper, we discuss whether the consumer welfare (CW) standard needs to be replaced or revised in order for antitrust law to deal effectively with the economic challenges of the platform economy. We argue that both the general and platform-specific assaults on the CW standard are misguided, that the CW standard is capable of addressing the economic concerns that critics have raised, and that the proposed alternatives would make things worse—not better.

Source: Review of Industrial Organization

DOI: 10.1007/s11151-019-09688-4

Authors: A. Douglas Melamed, Nicolas Petit

Institutions: Stanford University, Hoover Institution, University of Liège, University of South Australia

Language: English

Topic: Diverse Legal and Medical Studies

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,690

Funder: University of California, Irvine