University of Kentucky Rosenberg College of Law will host An Online Conference on Markets as Wealth Distributors, and the Implications for Tech Policy, online on February 18-19, 2021.
The price of the marginal unit of production determines whether a market is efficient. But the price of all the other units—the inframarginal units—determines who enjoys the wealth created by the market. A surge in scholarship on monopoly power, antitrust, and economic rents suggests that concerns about inequality are driving an inframarginal revolution in law and economics today, in which scholars are asking not just whether rules are efficient but also who they enrich.
At the same time, advances in Internet technology have given sellers greater capacity to redistribute wealth from buyers to themselves, by allowing sellers to use consumer data to target advertising, charge dynamic or personalized prices, and pursue other data-driven marketing practices. And the profitability of these technologies has drained resources from legacy institutions, particularly newspapers, that play an important role in democratic life.
Crucial dates and info:
The Conference will take place online.
- There is no conference fee
- More information can be found on the conference’s website.