Wendy C.Y. Li, Makoto Nirei, Kazufumi Yamana, 23 July 2019

Online platforms that provide services at zero monetary cost benefit greatly from the data these transactions generate. This column proposes a new method to value these data, based on firm investments in organisational capital. The method also captures the social value of consumer data. Accurate estimates may guide investment and improve national accounts.

Neil Gandal, Sarit Markovich, Michael Riordan, 19 September 2013

What are the competitive effects of bundling? This columns presents the results of an empirical study of the market for office productivity software in the 1990s. Counterfactual simulations suggest that the introduction of a bundled office suite increases consumer welfare – provided that preferences for word processors and spreadsheet programs are positively correlated, and that competitors do not exit the market.

Federico Etro, 29 April 2010

Is another IT giant abusing its market position? This column describes the case of IBM – a near-monopolist in the mainframe market – being accused of preventing firm entry by tying its mainframe operating system with its hardware and withholding information for interoperability. The similarities with the Microsoft case suggest that the European Commission’s Director-General for Competition will not go easy.

Federico Etro, 08 October 2009

The European Commission and Microsoft appear to have nearly settled the dispute over bundling Internet Explorer with Windows. This column says it’s very much time to move on. The browser market was already quite competitive, and Microsoft’s offer of a “ballot screen” eliminates even the most theoretical barriers to competition.

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