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2 results

  • Chapter 8 - Dynamic Optimality

  • from Part III - Dynamic Choice
  • Tomasz Strzalecki, Harvard University, Massachusetts
  • Book:
    Stochastic Choice Theory
    Published online:
    14 January 2025
    Print publication:
    23 January 2025, pp 112-119

  • Summary

    Agents are forward-looking and incorporate their future behavior into today’s decisions. This is captured by the Bellman equation. We break this axiomatically into preference for flexibility and rational expectations.

  • 8 - Main Findings and Avenues towards a Competition–Democracy Nexus 4.0

  • from Part IV - The Revival of the Competition–Democracy Nexus
  • Elias Deutscher, University of East Anglia School of Law
  • Book:
    Competition Law and Democracy
    Published online:
    21 November 2024
    Print publication:
    28 November 2024, pp 317-350

  • Summary

    This chapter summarises the main findings of the book and the trajectory of republican liberty as the central element of the competition–democracy nexus. The chapter also explores proposals for how the competition–democracy can be revived to allow competition law to address the contemporary challenges of industry concentration and the rise of corporate power. The chapter discusses different avenues towards a competition–democracy nexus 4.0 that would realign competition law with the parameters of republican antitrust. The chapter also casts light on the hard policy choices one such reform would involve.