Modern Monopolies

What It Takes to Dominate the 21st Century Economy

Author: Alex Moazed,Nicholas L. Johnson

Publisher: St. Martin's Press

ISBN: 125009190X

Category: Business & Economics

Page: 256

View: 6839

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What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people. The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the ten most trafficked sites in the U.S., platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings. The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between "offline" and "online." These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last ten years. In Modern Monopolies, Alex Moazed and Nicholas L. Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.
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Transfer Pricing and Value Creation

Schriftenreihe IStR, Band 116

Author: Raffaele Petruzzi,Romero J.S. Tavares Esq.

Publisher: Linde Verlag GmbH

ISBN: 3709410371

Category: Law

Page: 572

View: 509

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Value Creation and its effects on Transfer Pricing and tax law Emerging from the OECD/G20 BEPS Project, a new, somewhat fuzzy notion of Value Creation came to permeate not only Transfer Pricing language but also wider allocation rules and anti-abuse provisions in international tax law. The notion of ‘Value Creation’ reframes the interpretation and application of the Arm’s Length Principle (ALP) that is embedded in Articles 7 and 9 of the OECD Model Convention. This new Value Creation notion and approach assist in understanding key enterprise functions while different industry sectors manifest these concepts in various ways. Situating such notions and this approach within the law of tax treaties and analyzing terms of the OECD Transfer Pricing Guidelines alongside their factual context is the aim of this book. Here, law students address Transfer Pricing and Value Creation in sectors as varied as commodities trade, automotive, consumer products, food and beverages, pharmaceutical and life sciences, telecommunications, and the key topic of value creation in a digitalized economy. Our LL.M. students were required to address issues not explored in legal research and to discuss factual topics relevant for Transfer Pricing. All students focused on topics that are new to the international tax debate that keep evolving and on factual matters that often escape legal research.
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Perspectives on the Sharing Economy

Author: Dominika Wruk,Achim Oberg,Indre Maurer

Publisher: Cambridge Scholars Publishing

ISBN: 1527538532

Category: Business & Economics

Page: 174

View: 4299

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Sharing instead of owning is one of the major trends in modern (business) life. By changing how people consume, the rise of the sharing economy has the potential to redefine the role of owners, consumers and producers, change their mode of transaction, create innovative business models, disrupt existing industries, and challenge political and regulative institutions. In addition to these practical implications, the sharing economy phenomenon represents a novel playground for theoretical advancement, attracting a multitude of research and researchers from different disciplines. While this can potentially open up new avenues for practice and theory to stimulate each other, they do not seem to go hand-in-hand at the moment. This volume brings together research from a wide variety of theoretical backgrounds and disciplines to encourage academic discourse on the sharing economy phenomenon. It comprises contributions that are grounded in different theoretical perspectives, including business history, economics, strategic management, organization studies, information systems, political science, legal studies, linguistics, and semantics. While all contributions focus on the sharing economy phenomenon, they examine the subject from different disciplinary angles. Together, they provide a coherent and comprehensive overview of research on the sharing economy.
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Industrial Policy for the Manufacturing Revolution

Perspectives on Digital Globalisation

Author: Patrizio Bianchi,Sandrine Labory

Publisher: Edward Elgar Publishing

ISBN: 1786430320

Category: BUSINESS & ECONOMICS

Page: 192

View: 1201

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This book offers a critical reflection on the meaning and expected impact of the fourth industrial revolution, and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. A concrete illustration of this industrial policy is provided through an experience of its implementation at regional level.
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World Without Mind

The Existential Threat of Big Tech

Author: Franklin Foer

Publisher: Penguin

ISBN: 110198113X

Category: Political Science

Page: 272

View: 3531

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A New York Times Book Review Notable Book of 2017 Franklin Foer reveals the existential threat posed by big tech, and in his brilliant polemic gives us the toolkit to fight their pervasive influence. Over the past few decades there has been a revolution in terms of who controls knowledge and information. This rapid change has imperiled the way we think. Without pausing to consider the cost, the world has rushed to embrace the products and services of four titanic corporations. We shop with Amazon; socialize on Facebook; turn to Apple for entertainment; and rely on Google for information. These firms sell their efficiency and purport to make the world a better place, but what they have done instead is to enable an intoxicating level of daily convenience. As these companies have expanded, marketing themselves as champions of individuality and pluralism, their algorithms have pressed us into conformity and laid waste to privacy. They have produced an unstable and narrow culture of misinformation, and put us on a path to a world without private contemplation, autonomous thought, or solitary introspection—a world without mind. In order to restore our inner lives, we must avoid being coopted by these gigantic companies, and understand the ideas that underpin their success. Elegantly tracing the intellectual history of computer science—from Descartes and the enlightenment to Alan Turing to Stuart Brand and the hippie origins of today's Silicon Valley—Foer exposes the dark underpinnings of our most idealistic dreams for technology. The corporate ambitions of Google, Facebook, Apple, and Amazon, he argues, are trampling longstanding liberal values, especially intellectual property and privacy. This is a nascent stage in the total automation and homogenization of social, political, and intellectual life. By reclaiming our private authority over how we intellectually engage with the world, we have the power to stem the tide. At stake is nothing less than who we are, and what we will become. There have been monopolists in the past but today's corporate giants have far more nefarious aims. They’re monopolists who want access to every facet of our identities and influence over every corner of our decision-making. Until now few have grasped the sheer scale of the threat. Foer explains not just the looming existential crisis but the imperative of resistance. Named one of the best books of the year by The New York Times • L.A. Times • NPR
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Microeconomic Policy

A New Perspective

Author: Clement Allan Tisdell,Keith Hartley

Publisher: Edward Elgar Publishing

ISBN: 1848441517

Category: Business & Economics

Page: 480

View: 3322

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The new and updated edition of Microeconomic Policy provides an excellent blend of theory and application to foster understanding of economic-based policy making. The book is eclectic in its approach and addresses a rich set of current applications. It is an ideal book for teaching microeconomic-based policy analysis to students. Todd Sandler, University of Texas at Dallas, US Designed for students who have already encountered the microeconomic principles, this valuable text focusses effectively on their policy implications, imbuing the apparently dry theory with its insights for the general welfare. William J. Baumol, New York University, US and Princeton University, US A distinctive feature of this book is the application of microeconomics to public policy. As to be expected given the international reputation of the authors there is a thorough treatment of global environmental policies, including the Stern Report, and a very useful chapter on issues of defence, conflict and terrorism. What this text offers, and most competing books do not is the breadth of coverage. In this revised edition we have integration into the topics of advances in behavioural, evolutionary and Austrian economics. The relevance to business management and government policy of the material presented makes the subject come alive in application. . . a refreshing change from the curve-shifting that dominates traditional microeconomic texts which turns-off so many of our students and prevents them from seeing the crucial importance of economics to almost every aspect of our well-being. John Lodewijks, University of Western Sydney, Australia This thoroughly accessible textbook shows students how microeconomic theory can be used and applied to major issues of public policy. In this way, it will improve their understanding of both microeconomic theory and policy and also develop their ability to critically assess them. Clem Tisdell and Keith Hartley have expanded upon their previous successful work on microeconomics. As a result, this new book is considerably updated with substantial chapter revisions, as well as new chapters dealing with business management, ownership, environmental issues, public choice, defence, conflict and terrorism. Promoting a thorough understanding of this complex yet fundamental topic, Microeconomic Policy: A New Perspective will undoubtedly prove an invaluable textbook for all students, academics and researchers of economics and public policy.
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Water Management in the 21st Century

The Allocation Imperative

Author: Terence R. Lee

Publisher: Edward Elgar Publishing

ISBN: N.A

Category: Nature

Page: 206

View: 640

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'Interest in water resources reallocation via water markets has been increasing over the last two decades in response to several factors, and while many authors have devoted attention to the whys, wherefores, and implications of resource shifts, as well as to the relative successes and failures of water markets, few have given the market mechanism itself as careful consideration as Terence Richard Lee. . . Lee has provided a valuable look at how privatization might be accomplished and effectively managed. . .' - David Shively, Economic Geography the challenge to manage the allocation of water efficiently and equably will become a dominant theme of the new millennium. At a time when the cost of obtaining fresh water is rising throughout the globe, Terence Lee analyses the means for establishing and operating effective water markets. He proposes the application of economic instruments and the transfer of water management administration to the private sector as a means to guarantee acceptable water quality in the future in both developed and developing countries.
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The Modern Mercenary

Private Armies and What They Mean for World Order

Author: Associate Professor National Defense University Sean McFate

Publisher: Oxford University Press

ISBN: 0190621087

Category:

Page: 272

View: 8027

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It was 2004, and Sean McFate had a mission in Burundi: to keep the president alive and prevent the country from spiraling into genocide, without anyone knowing that the United States was involved. The United States was, of course, involved, but only through McFate's employer, the military contractor DynCorp International. Throughout the world, similar scenarios are playing out daily. The United States can no longer go to war without contractors. Yet we don't know much about the industry's structure, its operations, or where it's heading. Typically led by ex-military men, contractor firms are by their very nature secretive. Even the U.S. government-the entity that actually pays them-knows relatively little. In The Modern Mercenary, Sean McFate lays bare this opaque world, explaining the economic structure of the industry and showing in detail how firms operate on the ground. A former U.S. Army paratrooper and private military contractor, McFate provides an unparalleled perspective into the nuts and bolts of the industry, as well as a sobering prognosis for the future of war. While at present, the U.S. government and U.S. firms dominate the market, private military companies are emerging from other countries, and warlords and militias have restyled themselves as private security companies in places like Afghanistan and Somalia. To understand how the proliferation of private forces may influence international relations, McFate looks back to the European Middle Ages, when mercenaries were common and contract warfare the norm. He concludes that international relations in the twenty-first century may have more in common with the twelfth century than the twentieth. This "back to the future" situation, which he calls "neomedievalism," is not necessarily a negative condition, but it will produce a global system that contains rather than solves problems. The Modern Mercenary is the first work that combines a broad-ranging theory of the phenomenon with an insider's understanding of what the world of the private military industry is actually like.
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