Must read by @lugaricano.bsky.social and @competitionprof.bsky.social. constitutionofinnovation.eu

Decline is a choice, not a fate. This week, Luis Garicano @siliconcontinent.substack.com.web.brid.gy and Bengt Holmström (MIT), we launched The Constitution of Innovation - a a new European renaissance. We make 6 proposals. Read them at constitutionofinnovation.eu #Europe #Innovation 1/6

My latest paper explains why the US v Google case identified monopoly power on the wrong side of the bargaining table. Comments welcome 🙏 papers.ssrn.com/sol3/papers....

This is so uplifting. There are so many strong symbols to celebrate behind the award: democracy, individual freedom, free markets, and institutions like Nobel that remain independent from political pressure.

Am conducting a survey: what did the digital economy break? - local journalism - information trustworthiness - … Please help me complete

Hey students from Sweden 🇸🇪: here you can find information for three full scholarships to come to study international security at the Hertie School (@hertieschool.bsky.social, @hertiesecurity.bsky.social) in Berlin. www.hertie-school.org/en/study/fun...

Our professor @competitionprof.bsky.social quoted in Politico Europe on the landmark ASML–Mistral deal and its implications for European tech sovereignty 🇪🇺💻 www.politico.eu/article/asml...

The only value of a university is structural, not substantive. Very nice piece from former @eui-eu.bsky.social law professor Dennis Patterson on academic neutrality www.theguardian.com/us-news/ng-i...

It’s that time to repost “understanding market power” - a full guide to the tricky but essential economics behind antitrust law. If you teach or study antitrust this fall, feel free to use it. Feedback is very welcome to help me improve the next version papers.ssrn.com/sol3/papers....

Coup de foudre. Le sublime atteint sous la plume de l’empereur Hadrien. Ne naît-on littérairement qu’après sa première rencontre avec Marguerite Yourcenar?

Guess who has bargaining power here.

One day against the DMA, the next one against. It’s like his support to Trump. At least Musk is consistent in inconsistency 😁.

Check out today’s exhibit on misinformation: @economist.com subtitle suggesting a baseline of irrelevance at the EUI.

Debate.

Encouraging to see Brussels push back on political interference in legitimate bank M&A. Less ideal that consolidation is unfolding along national lines. The big question: will stronger national champions finally unlock real cross-border banking in the EU?

Can’t be true! Legal scholars claim Amazon dominates without rivals. Economists claim algorithms collude. When theory fails to match reality… ignore reality?

Big data, big power … big what exactly? Was a delight to discuss with @ivanenadic.bsky.social. Looking fwd to our next coffee.

As @jeffjarvis.bsky.social might say: blaming the decades-old collapse of local journalism on one company - no matter how big - is grotesque. Correlation isn’t causation, even if you’ve got a Nobel Prize.

The legal illnesses of the EU surface from this 🔥 thread by @lugaricano 1️⃣ Integration through law bureaucratised Europe breaking our ability to build 2️⃣ Infatuation w/ a European 3rd way led to dismiss existing solutions that scale works across energy, health, digital, …

The antitrust cases in @FTC v Meta and US v Google are strong examples of a phenomenon known in economics as 'time inconsistency'. What seems like efficient correction today may lead to unintended economic distortions tomorrow. A thread 🧵1/n.

Quick puzzle on the US v Google remedy trial. Press coverage suggests the Government's focus is as much punitive/deterrent as restorative. So why is the Gov pushing for a breakup? From a legal standpoint, there are better options than breakups for punishment or compensation 1/n

@competitionprof.bsky.social asks - would George Stigler approve of regulating big tech? See Stigler's foundational paper 👇 www.jstor.org/stable/3003160 #StiglerAntitrust25

Interesting exhibition in DC.

Interesting new GenAI feature that Meta rolled out on WhatsApp. As I wrote in my 2020 book, winner-takes-most dynamics in digital often arise from a process of competition *for* the best User Interface (UI) #AI 1/n

Apparently, if you want an LLM trained on the corpus of my writing and research, Meta is the one for you.

To sum it up: Elon said only morons buy jet-fighters, Andreessen doubled down on it, Shyam Shankar wrote First Breakfast & the 18 thesis to break the oligopoly of Military-Industrial Complex, and in the end Boeing will build the next jet-fighter. www.defensenews.com/air/2025/03/...

Library access not working 😢. Can someone help? I want to read Majone 1. Regulatory federalism in the European Community 2. Europe as the Would-be World Power: The EU at Fifty 3. Federation, confederation, and mixed government: A EU-US comparison. 🙏 tons for any help.

📖 Our article with @MarcoAlmada on the AI Act is now available at the Common Market Law Review! "The EU AI Act: Between the rock of product safety and the hard place of fundamental rights" 🎸 gives an intro to the Act's provisions and regulatory logics papers.ssrn.com/sol3/papers....

Max Weber Fellow @deconinckjoyce.bsky.social, alumni @leticiadiezsanchez.bsky.social, Sarah Tas, Theodosia Stavroulaki, and @marcoalmada.com, as well as Prof. @competitionprof.bsky.social 🎓👏 📖 Read the full edition here: ➡ loom.ly/eEdfP8Q

In a Journal of European Competition Law & Practice editorial, @competitionprof.bsky.social (EUI Law Dept. & Dynamic Competition Initiative) and David Teece (BPI Executive Director) propose a new way forward: integrating #capabilities into #competitionlaw. papers.ssrn.com/sol3/papers....

Read this, then remember the competitive apocalypse predicted by anti-monopoly charlatans in the dawn of the Google/Fitbit merger techcrunch.com/2025/01/27/s...

Trump’s negotiating style is similar to a guy walking into a convenience store with a suicide vest and walking out with a pack of gum.

I have several papers that explore tariff wars using economic models. Here’s what they tell us about likely outcomes (🧵) TLDR: All countries ultimately lose. While the overall impact isn’t catastrophic for larger economies like the US, it’ll be devastating for small countries.

The EU needs a DDA, that is a Digital Deregulation Act.

Last week's deal btw Zuckerberg and Trump? Content moderation v sale of TikTok to unfit buyer. Facebook's best-case scenario => Musk does to TikTok what he does to Twitter.

Never a dull day in antitrust Chinese officials discuss sale of TikTok to Elon Musk. www.bloomberg.com/news/article...

Last week, one of our papers was mentioned by none other than Nobel Laureate @dacemoglumit.bsky.social. I want to take the opportunity to engage critically with the points he raised in his recent "Remaking the Tech Sector" thread. I write here as an econ-friendly antitrust lawyer🧵 1/N

Remarquable essai d’Eva Illouz expliquant les ressorts de la faute morale d’une gauche s’oubliant à l’antisémitisme.

The @financialtimes.com recently featured a piece asking if France, and Europe, could become “a global AI powerhouse”. The FT piece has clear connections with the Draghi Report's embrace of a form of ‘European Preference’ 🇪🇺 in the chapter on competition policy. #AI #DraghiReport 1/n

It’s over 1,000km from Berlin to Paris There’s now a direct daytime train between them, that takes 8 hours and costs just €59. Leave at 10am, arrive 6pm. And… it’s just 1% the carbon emissions of the equivalent flight www.euronews.com/travel/2024/...

Planning your 2025 economics conference schedule? I've updated my list of general interest, IO, and theory conferences: www.igorletina.com/conferences.... New this year: you can generate a calendar file 📅 to easily track dates and submission deadlines of selected conferences. #econsky

What I meant a few days ago by EU preference is an exorbitant law and policy approach supportive of domestic AI ecosystems like Station F and firms like @mistralai.bsky.social 1/n

🤯 that even with Trump’s bad economic policies, “most economists — including at the IMF, the OECD and the European Commission — forecast stronger growth in the US than in Europe in 2025”. #draghi #competitiveness

Super useful

May 2025 bring you and your family large gains in consumer welfare! papers.ssrn.com/sol3/papers....

While the political influence of big tech monopolies is a hot topic, it's remarkable that few of Trump's appointees are drawn from their ranks 1/n

‼️ DEADLINE APPROACHING FOR: ➡️ Energy and climate economist: https://buff.ly/3D2Oq3h ➡️ Economist with expertise in international climate finance: https://buff.ly/3Zz0UHu ➡️ Micro-economist with expertise in digital economy and competition policy: https://buff.ly/3ZVzEEF #EconSky

Among law professors, the great @marklemley.bsky.social stands unrivaled as the champion of engagement on Bluesky. Truly in a relevant market of his own.

There’s an easy way for people to fix their twitter cesspool. Cut down the accounts you follow by a factor 10.