In a panel discussion at AEI on Friday, experts in the fields of anti-trust, law and economics and technology policy met to discuss the merits of the anti-trust concerns regarding Google's practices in the Internet search market. The event coincided with the release of a new paper by Gregory Sidak of Criterion Economics and Tilburg University and Judge Robert Bork titled "What Does the Chicago School Teach about Internet Search and the Anti-Trust Treatment of Google?"
Sidak began by providing an overview of the paper, addressing three of the major questions surrounding Google's Internet search practices. AEI's Jeffrey Eisenach then highlighted characteristics of high-tech markets and discussed how these characteristics can inform the response to allegations against Google.
Randy Picker of the University of Chicago then addressed the relationship between market power and advertising, and discussed Google's implicit advertising costs for users. He also answered the question of whether we can "share the top link" on a search results page. George Priest of Yale University concluded the discussion by suggesting that Sidak and Bork's paper gives too much consideration to the claims of Google's competitors, and thus does not adhere closely enough to the Chicago School view of anti-trust law.
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Google and anti-trust: The new debate over Internet search
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