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G4_[PR]Ch11_Policy (Against Regulation (Failure case (regulatory capture…

- - - - government rules
        
        block competition
        
        thwart innovation
        
        not protect consumers and benefit society
    - - turn to business leader
        
        benefiting companies
    - - sharply undercut the claims to legitimacy
  - - - restrict the spread of Uber constitute today's "single most obnoxious example of government intervention"
    - - strong regulation leads to high level of corruption
      - Chicago School
        
        litigation as an alternative to regulation
  - - - oversight agencies
      - judicial review
      - combination both
      - Simeon Djankov
        
        classified the rang of possible regulatory
        
        Institutional possibility frontier(IPF)
      - Governments must rethink
        
        what they choose to regulate
        
        What kind of regulation private entities can provide more efficiently
- - - - Open issues of platform law
        
        Federal Trade Commission (FTC)
        
        Amazon
        
        Facing scrutiny
        
        Amazon Word (AZW)
        
        Google
  - - - Three major consumer credit information agencies
        
        Equinox
        
        Experian
        
        Transunion
    - - Racial and geographic dicrimination
    - - Predatory Lending
      - Fees for missed payments
        
        Sale of the underlying personal information
        
        Data-driven marketing in action
    - - Belonging to individuals
        
        Data security
        
        Niche markets
  - - - Benefits from the exclusion
        
        Computer game console market, the platform sponsors (Sony, Microsoft, and Nintendo )
        
        Access and exclusively
        
        Access and exclusivity
        
        Excess Inertia
        
        Short-term micro-patent
        
        Microsoft
        
        Alibaba Group
- - - - Strong network effect industry leads to lack of efficiency in the market
      - Antitrust
- - - - the house been damaged
      - secondary coverage
        
        Landlord security plan
      - assignations with prostitutes
      - hold parties
    - - monetization public good into privatization
        
        affect the openness and accessibility of a public transportation system
        
        impact on privately owned parking lots
- - - - visual effects
      - price setting policy
      - influence the attitudes and behaviors
        
        mislead people and manipulate their behavior
- - - - transparency
        
        establish and enforce requirements for after-the-fact
        
        under government mandate
        
        conclude maintaining a portion of the current permission-base regulatory
        
        enforce high community standards of behavior
      - accoutability