Lit Review 8: Market Power and Regulation

This time we are looking at an interesting bit of literature detailing how companies operate under differing monopolization laws

Who:

The article was written by Jean Tirole

What:

The paper details how companies act under different market strains and conditions

Where:

You can find the section here.

When:

The paper was published on October 13th, 2014

The Gist:

The paper details Triole's work on different economic models and their issues detailing actual economics in action.

The Good:

• Text is easy to read
• Explains examples pretty adequately

The Bad:

• The paper seems to be written in the third person which just throws things off
• Doesn't actually have very much to do with selling code

Any Questions?

• What model should we actually be using?
• Is there something that we can do?

In Conclusion:

I personally didn't really enjoy this reading very much. Normally I like papers like this, but I find it hard to grasp what the end goal of the paper is. It seems to focus on the difficulty of having a proper economic model, but doesn't do anything beyond say that it is difficult. This honestly feels like the forward to an actual paper as opposed to anything else. 5/10.