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Complexity-Minded Antitrust

Two of DCI’s co-creators, Nicolas Petit & Thibault Schrepel, just published a new article entitled Complexity-Minded Antitrust in the Journal of Evolutionary Economics.

Abstract: Complexity science permeates the policy spectrum but not antitrust. This is unfortunate. Complexity science provides a high-resolution screen on the empirical realities of markets. And it enables a rich understanding of competition, beyond the reductionist descriptions of markets and firms proposed by neoclassical models and their contemporary neo-Brandeisian critique. New insights arise from the key teachings of complexity science, like feedback loops and the role of uncertainty. The present article lays down the building blocks of a complexity-minded antitrust method.

Link: download the article

Dynamic Competition Initiative

Supported by Berkeley Haas & EUI Department of Law