[Cross-posted at Truth on the Market] [UPDATE: Josh links to a WSJ article telling us that EU antitrust enforcers raided several (unnamed) e-book publishers as part of an apparent antitrust investigation into the agency model and whether it is "improperly restrictive." Whatever that means. Key grafs: At issue for antitrust regulators is whether agency models are improperly [...]
Somewhere between Nick Carr’s “Typology of Network Strategies” and Chris Anderson’s “Four Kinds of Free” is the secret to understanding our new economy: Carr’s “Typology of Network Strategies”: Network effect Data mining Digital sharecropping, or “user-generated content” Complements Two-sided markets Economies of scale, economies of scope, and experience Anderson’s “Four Kinds of Free”: Direct cross-subsidy [...]