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.
Since publishing “The Anti-Trust Paradox: A Policy at War With Itself” in 1978, Judge Robert Bork has been among the most influential analysts and critics of U.S. anti-trust law. Judge Bork and other “Chicago School” thinkers have profoundly shaped constitutional jurisprudence with respect to anti-trust for more than three decades.
In a new paper entitled “What Does the Chicago School Teach about Internet Search and the Anti-Trust Treatment of Google?,” Bork and Gregory Sidak analyze and weigh the merits of the anti-trust concerns that have been raised concerning Google and the market for Internet search. Join AEI for a luncheon in which experts in the fields of anti-trust, law and economics and technology policy will discuss the market for Internet search, the evolving competitive landscape and the proper role of government regulation in this sphere.
If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.