Texas A&M Law Review Volume 4 Issue 1 2016 Competition Law for a Post-Scarcity World Salil K. Mehra Temple University, Beasley School of Law,
[email protected] Follow this and additional works at: https://scholarship.law.tamu.edu/lawreview Part of the Law and Economics Commons Recommended Citation Salil K. Mehra, Competition Law for a Post-Scarcity World, 4 Tex. A&M L. Rev. 1 (2016). This Article is brought to you for free and open access by Texas A&M Law Scholarship. It has been accepted for inclusion in Texas A&M Law Review by an authorized editor of Texas A&M Law Scholarship. For more information, please contact
[email protected]. ARTICLES COMPETITION LAW FOR A POST-SCARCITY WORLD by Salil K. Mehra* TABLE OF CONTENTS I. INTRODUCTION............................. ........... 2 II. TOWARDS A POST-SCARCITY ECONOMY? ........ 7 A. Star Trek vs. Margaret Atwood vs. Paul Krugman .. 7 B. Post-Scarcity Economics and the Law ............... 10 C. Beyond IP-FallingMarginal and Fixed Costs of Production ................................... 12 ....... III. A COMPETITION-LAW RESPONSE? ... ....... 14 A. Protecting Innovation by Preventing "Anti- Disruption": The Apple/eBooks Case as Example... 15 B. The Declining Importance of Efficiencies in a Decreasing-CostWorld.. ...................... 22 C. Post-Scarcity and the Essential-FacilitiesDoctrine ... 28 IV. POST-SCARCITY, ARTIFICIAL SCARCITY, AND STATE POWER.......................................... ........ 31 A. Uber, the Sharing Economy, and Artificial Scarcity . 32 B. Artificial Scarcity and the State . .................. 35 C. Prescriptions ................................. 37 V. CONCLUSION ............................................ 38 Now it is true that the needs of human beings may seem to be insatiable. But they fall into two classes-those needs which are ab- solute in the sense that we feel them whatever the situation of our fellow human beings may be, and those which are relative in the sense that we feel them only if their satisfaction lifts us above, makes us feel superior to, our fellows.