<div dir="ltr"><div class="gmail_default" style="font-size:small">Oh I see... So because it takes time for the fullness of a new reality to emerge, and even more time for the not-so-quickly-evolving human mind to grasp that new reality, the naysayers (or status-quoers) would tell us: "you guys just can't get it!" (the almighty technology, that is)... so "forget it!... you're just messing things up."... Or "you're being 'ringard'! (all the contrary of 'avant-gardist'... being 'arriere-gardist' in other words), etc. etc.</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">True, if it ain't broke don't fix it... Question is, who gets to say it's broke or it ain't? Because all reality is human reality, or it isn't. So goes authority. </div><div class="gmail_default" style="font-size:small">;)</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">Thanks, Ian for sharing.</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">Hasta la vista,</div><div class="gmail_default" style="font-size:small">Mawaki</div><div class="gmail_extra"><br clear="all"><div><div dir="ltr"><span style="border-collapse:separate;border-spacing:0px"><span style="border-collapse:separate;border-spacing:0px"><span style="border-collapse:separate;border-spacing:0px"><span style="border-collapse:collapse"><span style="border-collapse:separate;border-spacing:0px"><span style="border-collapse:separate;border-spacing:0px"><span style="border-collapse:collapse"><div style="font-family:arial,sans-serif;font-size:13px;color:rgb(80,0,80)"><div style="color:rgb(34,34,34);font-family:arial;font-size:small"><span style="border-collapse:separate;border-spacing:0px"><div style="font-family:arial,sans-serif;font-size:13px"><br></div></span></div></div></span></span></span></span></span></span></span></div></div><div class="gmail_quote">On Wed, Oct 15, 2014 at 8:53 PM, Ian Peter <span dir="ltr"><<a href="mailto:ian.peter@ianpeter.com" target="_blank">ian.peter@ianpeter.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<div dir="ltr">
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<div>Just a bit more on this reading on -</div>
<div> </div>
<div>Wikipedia provides a good article and other examples of two-sided markets
here</div>
<div> </div>
<div><a title="https://en.wikipedia.org/wiki/Two-sided_market" href="https://en.wikipedia.org/wiki/Two-sided_market" target="_blank">https://en.wikipedia.org/wiki/Two-sided_market</a></div>
<div> </div>
<div>which helps to clarify the issues.</div>
<div> </div>
<div>Another quote</div>
<div> </div>
<div><font face=""><font color="#4c4e4d"><font size="+0"><span><font style="FONT-SIZE:11.3pt">One takeaway from Tirole's work on regulation in
general is that to a greater extent than people appreciate, policy problems
sometimes exist because<span> </span></font></span><font style="FONT-SIZE:11.3pt"><i>the
questions are genuinely difficult</i></font><span><font style="FONT-SIZE:11.3pt"><span> </span>rather
than because policymakers are corrupt or
feckless.</font></span></font></font></font></div>
<div><font face=""><font color="#4c4e4d"><span></span></font></font> </div>
<div><font face=""><font color="#4c4e4d"><font style="BACKGROUND-COLOR:#f1f3f2"><span></span></font></font></font> </div>
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<div style="FONT:10pt tahoma">
<div><font size="3" face="Calibri">And it seems that one reason why the questions
are genuinely difficult is that regulatory regimes were written in an era where
such problems did not really exist. We don’t have laws which are
applicable. And often we don’t have legislators who understand the nature of the
problems. (and, sure, we don’t have the will to introduce new laws or amend them
either).</font></div>
<div><font size="3" face="Calibri"></font> </div>
<div><font size="3" face="Calibri">Ian</font></div>
<div><font size="3" face="Calibri"></font> </div>
<div><font size="3" face="Calibri"></font> </div>
<div><font size="3" face="Calibri"></font> </div>
<div><font size="3" face="Calibri"></font> </div>
<div style="BACKGROUND:#f5f5f5">
<div><b>From:</b> <a title="ian.peter@ianpeter.com" href="mailto:ian.peter@ianpeter.com" target="_blank">Ian Peter</a> </div>
<div><b>Sent:</b> Thursday, October 16, 2014 7:01 AM</div>
<div><b>To:</b> <a title="governance@lists.igcaucus.org" href="mailto:governance@lists.igcaucus.org" target="_blank">governance@lists.igcaucus.org</a> ;
<a title="bestbits@lists.bestbits.net" href="mailto:bestbits@lists.bestbits.net" target="_blank">bestbits@lists.bestbits.net</a> </div>
<div><b>Subject:</b> [governance] Platform competition</div></div></div>
<div> </div></div>
<div style="FONT-SIZE:small;TEXT-DECORATION:none;FONT-FAMILY:"Calibri";FONT-WEIGHT:normal;COLOR:#000000;FONT-STYLE:normal;DISPLAY:inline"><div><div class="h5">
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<div>This is a highly interesting article about the work of Nobel Prize winning
economist Jean Tirole and how the concept of platform competition relates to
internet markets. It explains how Google and Facebook can make enormous profits
and dominate markets while offering their products free of charge. Similar
issues exist in some other industries, but this article concentrates on
Internet.</div>
<div> </div>
<div> </div>
<div><a title="http://www.vox.com/2014/10/13/6968423/jean-tirole-platform-competition" href="http://www.vox.com/2014/10/13/6968423/jean-tirole-platform-competition" target="_blank">http://www.vox.com/2014/10/13/6968423/jean-tirole-platform-competition</a></div>
<div> </div>
<div><font face=""><font color="#4c4e4d"><font style="BACKGROUND-COLOR:#f1f3f2"><span><font style="FONT-SIZE:11.3pt">To quote “And an important question for the world
going forward is to how to think about regulating that kind of market. Since
Google doesn't charge its mass customer base<span> </span></font></span><font style="FONT-SIZE:11.3pt"><i>anything
at all</i></font><span><font style="FONT-SIZE:11.3pt">, you're never going to find evidence of monopoly
power in price hikes.”</font></span></font></font></font></div>
<div><span><font face="Helvetica"><font color="#141823"><span></span></font></font></span> </div>
<div><span><font face="Helvetica"><font color="#141823"><span></span></font></font></span> </div>
<div><span><font face="Helvetica"><font color="#141823"><font style="FONT-SIZE:10.5pt">As Mark
Rotenberg comments, “The key insight is not no regulation but different
regulation. This is also why competition law and privacy law need to be updated
not ignored.”</font></font></font></span></div>
<div><span><font color="#141823" face="Helvetica"></font></span> </div>
<div><span><font color="#141823" face="Helvetica"></font></span> </div></div></div>
</div></div><p>
</p><hr>
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