Rumor: DoJ is going to investigate Google for antitrust violations

According to a widely reported rumor -- first published by the WSJ -- the DoJ is preparing to launch an antitrust probe of Google, though it's not clear on what basis such a probe would proceed. Read the rest

The Boston Globe on breaking up Big Tech falls into the trap of tech exceptionalism

The Boston Globe has published a giant weekend package of responses to Elizabeth Warren's proposal to break up the Big Tech monopolies. Read the rest

Even without explicit collusion, pricing algorithms converge on price-fixing strategies

Literally the only kind of monopolistic behavior that the US government is willing to prosecute is price fixing, and that's why it's so important to read Artificial intelligence, algorithmic pricing, and collusion, a paper by four Italian economists from the University of Bologna who document how price-fixing is an emergent property of pricing algorithms -- the systems online merchants use to price-match with their competitors. Read the rest