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Best Buy Return Policy Kindle Fire
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Merger Policy in Digital Markets: an Ex Post Assessment 3 Study Is to Undertake a Less Common Form of Ex Post Assessment
Journal of Competition Law & Economics, 00(00), 1–46 doi: 10.1093/joclec/nhaa020 MERGER POLICY IN DIGITAL MARKETS: AN EX Downloaded from https://academic.oup.com/jcle/advance-article/doi/10.1093/joclec/nhaa020/5874037 by guest on 18 December 2020 POST ASSESSMENT† Elena Argentesi,∗Paolo Buccirossi,†Emilio Calvano,‡ Tomaso Duso,§,∗ & Alessia Marrazzo,¶ & Salvatore Nava† ABSTRACT This paper presents a broad retrospective evaluation of mergers and merger decisions in markets dominated by multisided digital platforms. First, we doc- ument almost 300 acquisitions carried out by three major tech companies— Amazon, Facebook, and Google—between 2008 and 2018. We cluster target companies on their area of economic activity providing suggestive evidence on the strategies behind these mergers. Second, we discuss the features of digital markets that create new challenges for competition policy. By using relevant case studies as illustrative examples, we discuss theories of harm that have been used or, alternatively, could have been formulated by authorities in these cases. Finally, we retrospectively examine two important merger cases, Facebook/Instagram and Google/Waze, providing a systematic assessment of the theories of harm considered by the UK competition authorities as well as evidence on the evolution of the market after the transactions were approved. We discuss whether the competition authority performed complete and careful analyses to foresee the competitive consequences of the investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. JEL codes: L4; K21 ∗ Department of Economics, University of Bologna † Lear, Rome ‡ Department of Economics, University of Bologna, Toulouse School of Economics and CEPR, London § Deutsches Institut fuer Wirtschaftsforschung (DIW Berlin), Department of Economics, Tech- nical University (TU) Berlin, CEPR, London and CESifo, Munich ¶ Lear, Rome and Department of Economics, University of Bologna ∗ Corresponding author. -
Entering New Markets and Diversifying Business the Role of Amazon’S Acquisitions in International Growth and Development
No. 69 – August 2019 Entering New Markets and Diversifying Business The Role of Amazon’s Acquisitions in International Growth and Development Stefan Schmid Sebastian Baldermann No. 69 – August 2019 Entering New Markets and Diversifying Business The Role of Amazon’s Acquisitions in International Growth and Development Stefan Schmid Sebastian Baldermann AUTHORS Prof. Dr. Stefan Schmid Chair of International Management and Strategic Management ESCP Europe Business School Berlin Heubnerweg 8-10, 14059 Berlin Germany T: +49 (0) 30 / 3 20 07-136 F: +49 (0) 30 / 3 20 07-107 [email protected] Sebastian Baldermann, M.A. ISSN: 1869-5426 Department of International Management and Strategic Management EDITOR ESCP Europe Business School Berlin © ESCP Europe Wirtschaftshochschule Berlin Heubnerweg 8-10, 14059 Berlin Heubnerweg 8-10, 14059 Berlin, Germany Germany T: +49 (0) 30 / 3 20 07-0 T: +49 (0) 30 / 3 20 07-191 F: +49 (0) 30 / 3 20 07-111 F: +49 (0) 30 / 3 20 07-107 [email protected] [email protected] www.escpeurope.eu ESCP Europe, Working Paper No. 69 – 08/19 ABSTRACT: E-commerce has grown considerably in recent decades and has had a disruptive impact on the retail industry. In this context, Amazon, one of the major players in (online) retailing and beyond, has been able to expand its business activities continuously in many countries. The present case study sheds light on the internationalization of Amazon, with a particular focus on the company’s acquisitions. The study illustrates that Amazon’s acquisitions over the last decades had two major objectives. First, acquisitions helped Amazon enter new markets and strengthen its presence in specific regions. -
Merger Policy in Digital Markets: an Ex-Post Assessment
1836 Discussion Papers Deutsches Institut für Wirtschaftsforschung 2019 Merger Policy in Digital Markets: An Ex-Post Assessment Elena Argentesi, Paolo Buccirossi, Emilio Calvano, Tomaso Duso, Alessia Marrazzo and Salvatore Nava Opinions expressed in this paper are those of the author(s) and do not necessarily reflect views of the institute. IMPRESSUM © DIW Berlin, 2019 DIW Berlin German Institute for Economic Research Mohrenstr. 58 10117 Berlin Tel. +49 (30) 897 89-0 Fax +49 (30) 897 89-200 http://www.diw.de ISSN electronic edition 1619-4535 Papers can be downloaded free of charge from the DIW Berlin website: http://www.diw.de/discussionpapers Discussion Papers of DIW Berlin are indexed in RePEc and SSRN: http://ideas.repec.org/s/diw/diwwpp.html http://www.ssrn.com/link/DIW-Berlin-German-Inst-Econ-Res.html Merger Policy in Digital Markets: An Ex-Post Assessment* Elena Argentesi, University of Bologna Paolo Buccirossi, Lear Emilio Calvano, University of Bologna and Toulouse School of Economics Tomaso Duso,+ Deutsches Institut für Wirtschaftsforschung (DIW Berlin), TU Berlin, CEPR, and CESifo Alessia Marrazzo Lear and University of Bologna Salvatore Nava Lear Abstract: This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition policy. We show that these features have been key determinants of the theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions carried out by three major digital companies –Amazon, Facebook, and Google – between 2008 and 2018. -
Amazon's Impact
THE BIG PICTURE REUTERS/Pascal Rossignol Amazon’s impact Reuters exclusively Reuters led Reuters revealed Reuters showed Reuters exclusively Reuters offered reported Amazon’s coverage of Amazon paid $90 how Kroger, reported Amazon insight into how internal numbers Amazon.com’s million for camera Walmart luring seeking to partner Amazon was taking on Prime Video. bid to buy Middle maker Blink's chip shoppers with with U.S. venue away business from Eastern online technology. curbside pickup to owners to sell event FedEx and UPS. retailer Souq.com. thwart Amazon. tickets. mazon.com’s lightning ascent in businesses ranging from cloud computing to grocery delivery has jolted industries across the globe and made ACEO Jeff Bezos one the richest, most influential businessmen on the GO BEHIND planet. Reuters has led the way in revealing the secrets to the company’s THE SCENES success, with unique reporting on how superior technologies, fearless An inside look at how international expansion, creative use of video programming, aggressive Reuters is covering pursuit of AI and relentless exploitation of its dominance in online shopping Amazon.com. have left competitors in the dust—and reshaped large swaths of the economy. THE BIG PICTURE EXCLUSIVE NEWS • Reuters reported exclusively that Amazon.com was in than 40 percent of the Indian e-commerce player. talks with Brazilian airline Azul on shipping goods in • Reuters revealed Amazon paid $90 million for the the country, in the latest sign of the retailer’s big plans maker of Blink home security cameras, in a bet on in Latin America’s largest economy. -
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Ex-Post Assessment of Merger Control Decisions in Digital Markets
TAILORED SOLUTIONS IN ECONOMICS Ex-post Assessment of Merger Control Decisions in Digital Markets Final report Document prepared by Lear for the Competition and Markets Authority 9 May 2019 Lear Via di Monserrato, 48 00186 – Rome tel. +39 06 68 300 530 e-mail: [email protected] web: www.learlab.com AUTHORS Elena Argentesi, Lear and University of Bologna Paolo Buccirossi, Lear Emilio Calvano*, University of Bologna and Toulouse School of Economics Tomaso Duso, Lear, Deutsches Institut für Wirtschaftsforschung (DIW Berlin), TU Berlin, CEPR, and CESifo Alessia Marrazzo, Lear Salvatore Nava, Lear OTHER CONTRIBUTORS Elena Salomone, Lear Anna Violini, Lear ACKNOWLEDGMENTS The authors would like to thank the team at the Competition and Markets Authority for their assistance and guidance over the course of this study, including in particular Francesca Botti, Alistair Love and Tom Kitchen. Finally, we would like to thank Daniele Michele Ferrari (Lear) for his valuable research assistance. * Emilio Calvano was not involved in the assessment of the Facebook/Instagram merger. Lear – www.learlab.com Index Executive summary ....................................................................................................................... i Recommendations ..................................................................................................................... xiv PART I. General lessons for merger control in digital markets ........................................................ 1 I.1. Introduction and methodology for Part I ........................................................................................2 -
The Ama-Zōning of America Anticipating Disruption and Using It to Shape Our Cities Justin Robbins, AICP – AV Transportation Planner; HDR Inc
The Ama-zōning of America Anticipating Disruption and Using it to Shape Our Cities Justin Robbins, AICP – AV Transportation Planner; HDR Inc. [email protected] Jason Sudy, AICP – Principal, OHM Advisors [email protected] Kelly Rula – New Mobility, Climate, and Urban Freight specialist; Seattle Department of Transportation [email protected] Rick Stein, AICP – Principal & Owner; Urban Decision Group [email protected] The Ama-zōning of America Anticipating Disruption and Using it to Shape Our Cities Bookstores in America 1994 – 12,607 2017 – 6,663 Total Change -5,944 47 percent Source: Quarterly Census of Employment Source: Flickr (fsse8info) and Wages; U.S. Bureau of Labor Statistics Acquisitions since 1998 (82) PlanetAll MindCorps Inc. Box Office Mojo Yap Safaba Translation Systems Junglee Della.com AbeBooks Kiva Systems Elemental Technologies Bookpages.co.uk Back to Basics Toys Shelfari Teachstreet AppThwack Telebook Ashford.com Reflexive Entertainment Evi NICE IMDb Leep Technology Zappos Avalon Books Curse Inc. Alexa Internet CDNow Lexcycle IVONA Software Biba Systems Accept.com Joyo.com SnapTell Goodreads Cloud9 IDE e-Niche Inc. BookSurge Touchco Liquavista Harvest.ai Drugstore.com Mobipocket.com Woot TenMarks Education Inc. Thinkbox Software GeoWorks CreateSpace.com Quidsi Double Helix Games Do.com Pets.com Smallparts.com BuyVIP comiXology Souq.com LiveBid.com Shopbop Amie Street Twitch Whole Foods Market HomeGrocer.com dpreview.com Toby Press Annapurna Labs GameSparks Gear.com Brilliance Audio LoveFilm 2lemetry Graphiq Tool Crib of the North Audible.com The Book Depository ClusterK Wing.ae Convergence Corporation Fabric.com Pushbutton Shoefitr Body Labs Goo Technologies Blink Home Acquisitions by Year 25 20 15 10 5 0 1998-2000 2001-2005 2006-2010 2011-2015 2016-2017 Acquisitions by Year Whole Foods Market • 2017 • Cost of $13.7 Billion • 504 stores and distribution centers (including Whole Foods 365) • 183 million people within a 30-minute drive (56 percent of U.S. -
Cesifo Working Paper No. 7985 Category 11: Industrial Organisation
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Argentesi, Elena et al. Working Paper Merger Policy in Digital Markets: An Ex-Post Assessment CESifo Working Paper, No. 7985 Provided in Cooperation with: Ifo Institute – Leibniz Institute for Economic Research at the University of Munich Suggested Citation: Argentesi, Elena et al. (2019) : Merger Policy in Digital Markets: An Ex-Post Assessment, CESifo Working Paper, No. 7985, Center for Economic Studies and ifo Institute (CESifo), Munich This Version is available at: http://hdl.handle.net/10419/214987 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially -
Amazon's Blink Unveils New Flagship Wireless Security Cameras with HD
Amazon’s Blink Unveils New Flagship Wireless Security Cameras with HD Video, Flexible Storage Options, and New Battery Expansion Pack – Cameras Start at £79.99 September 24, 2020 - Blink’s all-new Outdoor and Indoor cameras offer a powerful two-year battery life, 1080p HD video, IR night vision, and two-way audio - Also announced today is Blink’s battery expansion pack – a new accessory that extends camera battery life an additional two years - Video clips can be saved using Blink’s cloud storage plan, or locally with no monthly fees using the included Sync Module 2 and USB flash drive (sold separately) - Both cameras offer Blink’s new “privacy zone” feature which allows customers to block out sections in their camera’s field-of-view from being recorded Luxembourg—24th September 2020– Amazon today announced Blink Outdoor and Indoor– Blink’s all-new flagship wireless smart home security cameras that run on two AA lithium batteries for up to two years, making them easy to use and maintain. The cameras boast a sleek new hardware design and offer 1080p HD video, IR night vision, motion detection, and two-way audio. Blink also announced today a new battery expansion pack – which doubles the camera battery life to up to four years in total with normal use, helping customers never miss an important moment. Using a smartphone and the Blink Home Monitor app, Blink Outdoor and Indoor customers can see a live view of their home, receive motion detection alerts, and use two-way audio to speak to people or pets around their home. -
Amazon Vs. Alibaba
May 29, 2018 04:00 AM GMT May 2018 Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. += Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be associated persons of the member and may not be subject to NASD/NYSE restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. Contributors AMAZON VS ALIBABA: THE NEXT DECADE OF DISRUPTION | MAY 2018 2 Table of Contents Executive Summary 4 5 Key Summary Slides 5 I. Amazon and Alibaba: Where Did They Start…and Where Are They Heading? 12 II. US and China: How Are Amazon/Alibaba Doubling Their TAMs to $2tn/$4tn? 38 III. Emerging Markets: The Next $5tn Battleground and Why Amazon Needs It More 49 IV. Amazon vs. Alibaba: Mapping Out the New Battlegrounds 56 India 61 ASEAN 72 LATAM 79 Australia 87 Japan 92 China Consumer 97 Korea Consumer 109 Appendix: Other Research on Amazon and Alibaba 113 Disclosures 114 AMAZON VS ALIBABA: THE NEXT DECADE OF DISRUPTION | MAY 2018 3 Executive Summary Amazon vs. Alibaba: The Next Decade of Disruption 12 of our global research teams analyze 1) How AMZN and BABA’s business models are evolving and converging; 2) The companies’ still-expanding “home country” addressable markets; 3) Emerging market strategies…and AMZN’s larger long- term need for global expansion; and 4) Which EM companies are most/least exposed to potential AMZN/BABA disruption. -
Bilal Alame 0727767 Mary Osibanjo 0727411 Platform Reactancy 4
Bilal Alame 0727767 Mary Osibanjo 0727411 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Amazon Google Vimeo Netflix Youtube JÖ Paypal Bank Shazam Instagram Facebook Whatsapp Uber Lime Qando Soundcloud Spotify Airbnb Apple facebook ytimg google gstatic Legend googlevideo doubleclick.net perceived platform activity ggpht Youtube data transfer between platforms font.googleapis.com googleusercontent data processing clients1.google data transfer to third parties paypal transfer in-between paysafe third party. gradiency kremlin indicates less transparency comScore doubleVerify integral Ad Science. ad partners ad partners ad partners ad partners facebook rubiconproject quantcount exelator appboyimages adswizz adstwitter Soundcloud bluekai tapad demex google-analytics braze googletagmanager doubleclick.net myvisualiq sndcdn appboycdn rlcdn gstatic AboutFace Parakey Ebiquity ConnectU Friendfeed Octazen Facebook Divvyshot Friendster Sharegrove Nextstop Chai labs Hot Potato rel8tion sanptu RecRec Daytum Sofa MailRank Push Pop Friendly Strobe Ebiquity Glancee Instagram Lightbox Spool Threadsy Karma Osmeta hotstudio spaceport Parce Monoidics Jibiggo Onavo Little Eye Labs Branch Occulus VR Ascenta Protogeo Oy Pryte Whatsapp Wavegroup Sound Quickfire Privatecore Surreal vision Pebbles Masquerade Two big ears Infiniled Nascent Crowd Tangle Faciometrics Ozlo Fayteq tbh confirm Bloomsbury Vidpresso Chainspace Netflix Spotify Microsoft Amazon Apple Yandex Sony lightbox yahoo fbcdn.net doubleclick.net Accenture Analytic Edge Analytic Partners Annalect Business Science Warsaw Ebiquity Ekimetrics IPG Mediabrands Ipsos MMA Inc., Nepa Neustar Nielsen Objective Partner B.V Rainman Consulting Pvt. Ltd. Mathtag Google bootstrapcdn googletagmanager Paypal bootstrapcdn abmr.net marketo doubleclick.net libro Jö OMV billa bipa merkur penny interio bawag p.s.k.