Fiona Scott Morton

@ProfFionasm

Professor of Economics, Yale School of Management. Primary research areas: competition, antitrust and healthcare

New Haven, CT
Sumali noong Setyembre 2017
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  1. Naka-pin na Tweet
    Peb 10

    This is an important point. Our antitrust laws are insufficiently effective right now. We need better new laws if we want more competition in the US economy. Do you want lower prices and higher quality? If so, tell your legislators tougher enforcement is a priority!

    Unless Congress and the next president revamp the antitrust laws to undo the the significant damage the courts have done, antitrust enforcement will have only a marginal impact.
    3 sagot 24 mga retweet 84 (na) gusto
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  2. Ni-retweet ni
    Dis 6

    ‘Hungary’s competition watchdog handed Facebook a $4 million fine for claiming its services were free. Facebook made a profit from utilizing users’ online activity and data, which served as “payment”, the authority said’

    5 sagot 149 mga retweet 144 (na) gusto
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    Dis 5

    The scoop on TeamHealth is a big deal. It shows precisely why surprise billing is so pernicious. TeamHealth admitted that they use balance billing (e.g. going after patients) to get higher in-network payments

    4 mga sagot 57 retweet 52 gusto
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  4. Nob 27

    Young scholars apply now! Yale Information Society Project Resident Fellowships 2020-21, designed for recent grads of law or Ph.D. programs interested in an academic career w research related to digital issues, including competition.

    18 retweet 33 gusto
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  5. Ni-retweet ni
    Nob 27

    Thanksgiving Factoid: Turkey is the only meat in 🇺🇸 right now not under investigation for price-fixing. I spoke with Bloomberg about this epidemic. Collusion "won’t go away until we address the concentration issue here." Here's the article --->>

    7 sagot 57 retweet 91 gusto
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  6. Nob 25

    I love this vignette. One important reason why markups have risen in the United States is that we privatize without competition (usually due to political influence of the owner). Monopolies then transfer $ from consumers to elites.

    ICANN controls the domain name system and delegates control of domains like .com and .org to other companies. It had rules restricting these companies from jacking up prices, but has been phasing them out.
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    2 sagot 13 retweet 54 (na) gusto
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    Nob 19

    Good clean summary of the three reports from last Spring on competition policy in the digital world. Certainly easier to read that what we wrote with and Heike Schweitzer!

    Thanks to , , , and everyone who made possible for inviting me to participate. My thoughts on common themes from the from , (UK), and (EU) reports.
    2 retweet 4 (na) gusto
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  9. Nob 10

    sorry, link fixed here:

    1 sagot 1 retweet 11 gusto
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  10. Nob 10

    btw consumers & non-platform businesses in favor of antitrust enforcement. The “conservatives” of the article are conservative when their client/firm is taking profits from consumers. When their own profits are at risk, a conservative may discover the benefits of competition.

    1 sagot 15 gusto
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  11. Nob 10

    realizing that those platforms are taking their profits. The "Chamber of Commerce" was against antitrust enforcement (in order to protect their profit), but now, all but a handful of platforms find themselves on the wrong side of market power. There is an emerging coalition ..

    2 sagot 11 gusto
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  12. Nob 10

    For example, monopsony counts as an antitrust violation in the Horizontal Merger Guidelines; the successful Microsoft case hinged on a product that was “free”; and that generally we have the tools and the law to enforce against digital platforms. But second, businesses are

    1 sagot 16 (na) gusto
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  13. Nob 10

    2/5 The Chicago School’s push for antitrust underenforcement – amplified by corporate money - has now been proven to have failed to protect competition. So normal non-hipster scholars can get airtime to remind everyone that we have useful antitrust laws.

    1 sagot 7 retweet 28 gusto
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  14. Nob 10

    1/5 This article is completely misguided. Why is there increased interest in antitrust enforcement of digital platforms? There are two reasons (thread) Thereforehttps://www.nytimes.com/2019/11/07/technology/powerful-coalition-pushes-back-on-anti-tech-fervor.html

    1 sagot 19 mga retweet 37 gusto
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  15. Nob 10

    2 wrongs don't make a right. The response to Google's current monopoly is not to wish there had been no Microsoft case. Rather, hold Google to the same standard. How about we enforce the antitrust laws against all companies that violate them?

    Bill Gates thinks Windows Mobile would have beaten Android without Microsoft’s antitrust woes. "Instead of using Android today you would be using Windows Mobile," says - all details here:
    1 sagot 27 retweet 78 gusto
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  16. Nob 7

    This merger combined the number 1 with the number 3 that was about to launch a cheap and innovative new product. Why did such a merger get out of the boardroom? Why did the FTC have to spend resources litigating it?

    In 2017, after prosthetics giant bought up a rival, alleged that this violated the law. Today, the Commission unanimously ruled that the acquisition violated the Clayton Act and ordered the company to divest the acquired business.
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    3 sagot 13 retweet 44 (na) gusto
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  17. Nob 4

    Fantastic and sobering analysis. A must-read.

    By refusing to stay out of politics, Facebook is making the case for its own breakup
    2 retweet 10 gusto
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  18. Nob 4

    Let's note that stocks could fall because Warren increases competition and regulations that protect consumers -- leading to a fall in monopoly profits. And, stocks are disproportionately held by the richest 10% so this worry affects very few voters.

    Wall Street is sounding the alarm about Elizabeth Warren -- in increasingly public ways. Behind the scenes, they're threatening to vote for Trump, threatening to leave the country and loudly predicting a double digit dive in the market. w/
    4 mga sagot 18 retweet 76 (na) gusto
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  19. Okt 31

    This point should be made more often. If high prices stimulate innovation, but the population can't afford the new expensive drugs so don't consume them, then those people are getting zero consumer surplus from innovation.

    Wholeheartedly agree
    4 mga sagot 3 retweet 32 gusto
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  20. Okt 31

    This is right! Big buyers have an interest in buying from a competitive market, and possibly investing to make it more competitive.

    Sumasagot kina @contirena1 @MartinSGaynor @ProfFionasm
    Consolidation of buyers should actually reduce shortages: Buyers prefer steady supply. When large, being a free-rider is less appealing (they capture higher % benefit), and buyers have more power to create incentives for mfrs to avoid shortages. Thus 's work on this!
    1 retweet 4 (na) gusto
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  21. Okt 26

    Calling people! Please submit a paper or abstract to this conference at Yale in spring: Big Tech and Antitrust. It will be topical, fun and a great conference!

    Deadline approaching: for our Conference on "Big Tech & —Competition Policy in the Digital Age", co-hosted with TAP@Yale, on 3/28-29. Abstracts due by Oct 31!
    1 sagot 27 retweet 45 gusto
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