In this article, Steven Salop and Carl Shapiro describe Professor Jean Tirole’s Nobel prize-winning contributions to the development of competition policy and regulation. The authors focus on how Tirole’s work has influenced competition policy, especially in the United States and the European Union. To read the article, click the link below.
“Suite dreams”: Market definition and complementarity in the digital age
Certain products exhibit such strong complementarities that they should not be evaluated separately. For example, consider a pair of shoes or the various...