Full house at the launch of Tim Wu’s new book ‘The age of extraction’. Including many of DC’s antitrust royalty.

Spain needs an abundance agenda.

The Cato Institute came to the same conclusion. open.substack.com/pub/alexnowr...

This is not to say that regulation can never be beneficial. For example, Rösner et al show that the harmonization of the UCPD has increased cross-border commerce in Europe and therefore likely increased competition, benefitting consumers. 5/x
papers.ssrn.com/sol3/papers....

The negative impact of regulation on innovation & competition has also been shown on a more granular level. For example, Janßen et al show this for GDPR and the development of new apps. A number of papers have also shown that GDPR has mostly benefitted Meta & Co.
www.nber.org/system/files... 4/x

It also holds true for changes in regulation (as opposed to the cumulative effect of regulation). Marc Eskildsen shows that US companies in a given sector realize outsize returns in the years following an increase in regulation compared to those that experience a deregulation. 3/x

Generally, sectors that are more regulated have higher barriers to entry, less competition, and higher economic rents. James Bessen has a paper that shows the cumulative impact of regulation for the US. It's massive (see below). 2/x papers.ssrn.com/sol3/papers....

Atomico’s „State of European Tech“ report by is out. What are the greatest challenges in the next 12 months? While access to capital is still the #1 issue, geopolitical risks and regulation feature prominently, with #AI regulation being specifically called out. Europe is leading in the wrong domain.

Lobbying is bad? Countries that are more pluralistic & offer more advocacy opportunities, rank better on ease of doing business metrics. Potential reason: smaller, more dynamic firms find it easier to lobby for innovation & startup friendly policies. Insights from a new book by Nicola Persico.

Seems the metaverse was a one-hit wonder.