Professor Thom Lambert was recently interviewed about his paper, Rent-Seeking and Public Choice in Digital Markets. The paper will soon be published as a chapter in the Global Antitrust Institute’s forthcoming Report on the Digital Economy. The interview is on YouTube.
Professor Lambert explains public choice theory and the concept of rent-seeking and then describes a number of recent instances of rent-seeking in digital markets. Among the matters he discusses are efforts by news publishers to secure payment from Google and Facebook, recent antitrust lawsuits filed by Epic Games (maker of the Fortnite video game), and the campaign to repeal Section 230 of the Communications Decency Act.