I was fortunate enough to spend three days recently with a tremendously smart and vital group of New Zealand scientists at the launch of Te Punaha Matatini, a new “Center for Research Excellence” funded by the NZ government.
Te Punaha Matatini is Maori for “the meeting place of many faces”, and what a tremendous variety of faces I met. A few I already knew, like director Shaun Hendy, nanoscientist, econophysicist, and co-author of the wonderful Get off the Grass; climate economist Suzi Kerr, co-founder of Motu;
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I recommend an interesting paper by Glen Weyl and Alexander White, “Let the Best ‘One’ Win: Policy Lessons from the New Economics of Platforms.” The abstract summarizes the message:
The primary policy problem in platform markets is usually considered to be excessive lock-in to a potentially inefficient dominant platform. We argue that, once one accounts for sophisticated platform pricing strategies, such concerns are overblown. Instead the greater market failure is excessive fragmentation and insufficient participation. These problems, in turn, call for a very different policy response: aiding winners in taking all,
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