🌟 [ 14 ]   Superstar firms – A threat to competition and democracy? [ @UBS Center ]

In our anniversary edition of the Forum for Economic Dialogue we focus on questions around superstar firms and their impact on society. Do superstar companies like Google or Amazon undermine competition? Do they hold the wages of workers down? Do they endanger the prosperity of society and undermine the foundation of democracies? And if so, what can we do about it? [ 🔗 Click ‼️ ] Since 1980, the world economy has experienced an increase of dominant firms. Dominant firms face limited competition in their market and exert monopoly power. Why has this happened, and why did it start in 1980? The rise of dominant firms has a direct impact on customers who pay higher prices, but it also has far-reaching implications for the macroeconomy. Widespread market power leads to wage stagnation and a decline in the labor share, it increases wage inequality, it slows down business dynamism, it reduces the number of startup firms and lowers innovation. In the public paper Dominant firms in the digital age , Jan Eeckhout reviews the determinants of the rise of dominant firms, discusses the causes and consequences, and proposes directions for policy solutions. [ 🔗 Click ‼️ ] 00:00:00 - 00:02:27 Intro Carolin Roth 00:02:27 - 00:10:35 Welcome address: David Dorn 00:10:35 - 00:53:10 Keynote: Is there a problem with competition? 00:53:10 - 01:03:45 Qu0026A Almunia Dorn 01:03:45 - 01:30:30 Coffee break 01:30:30 - 02:35:30 Disputation: Superstar firms – more harm than good? 02:35:30 - 02:59:00 Coffee break 02:59:00 - 03:59:00 Panel: How to save the market economy 03:59:00 - 04:27:20 Reception 04:27:20 - 04:28:55 Intro 04:28:55 - 05:09:50 Keynote: The new labor antitrust and the problem of superstar firms 05:09:50 - 05:26:25 Qu0026A Posner 05:26:25 - 05:27:28 Outro Carolin Roth #EconomicsForSoci .

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🌈 🔎 Superstarfirms–Athreattocompetitionanddemocracy 🌈