This US survey examines (a) Prohibiting firms from imposing employment contract provisions that prevent workers from moving to a competitor or starting a competing business would lead to a substantial increase in wages in the affected industries; (b) A ban on non-compete clauses would lead to a measurable increase in innovation; (c) A ban on non-compete clauses would lead to a measurable reduction in firms’ investment in staff training
Keyword: competition
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This US survey examines (a) The market power of event ticket-selling intermediaries leads to consumers who ultimately attend the events paying substantially more and producers receiving substantially less than they would if the intermediary sector were more competitive; (b) The present system of initial ticket selling and reselling through secondary ticket intermediaries often leads to large transfers between different groups of ticket buyers that could be partially captured by artists through higher initial ticket prices; (c) Artists set prices at less than market-clearing levels in an effort to provide access for fans with modest incomes
This week's US Economic Experts Panel statements:
A) The use of non-compete clauses in US employment contracts reduces workers' mobility and wages by more than is justified by the protection of employers' intellectual property and trade secrets.
B) Occupational licensing reduces mobility and wages for workers in many sectors where they could safely deliver services that consumers would prefer to those offered by licensed workers.
This week's US Economic Experts Panel statements:
A) Industry consolidation and weaker competition in the United States meaningfully constrain innovation and wage growth.
B) Americans pay too much for broadband, cable television, and telecommunications services, in part because of a lack of adequate competition.
This week's European Economic Experts Panel statement:
Strong competition from foreign producers is likely to encourage greater private sector expenditure on research and development in the home market.
This week's IGM European Economic Experts Panel statements:
A) Consumers will be better off, on balance, if European cities treat firms that provide ride-sharing platforms (such as Uber) as substantively different from taxi firms, and thus not necessarily warranting the same regulation.
B) Assuming that taxi and ride-sharing companies were treated as substantively similar — including requirements that they operate on an equal footing regarding safety, insurance and taxation — letting ride-sharing services compete without restrictions on prices or routes would raise consumer welfare.
C) Regardless of how ride-sharing services are treated, existing regulations for traditional taxi firms in many European cities harm consumers by limiting competition.
This week's IGM Economic Experts Panel Statements:
A) The US should increase spending now on roads, railways, bridges and airports (including new projects, maintenance or both).
B) The advisability of increasing federal spending on roads, railways, bridges and airports is independent of whether the US also enacts tax cuts that substantially lower revenues.
This week’s IGM Economic Experts Panel statements:
A) Giving tax incentives to specific firms to locate operations in a city or state typically generates local benefits that outweigh the costs to the city and/or state providing the incentives.
B) The US as a whole benefits when cities or states compete with each other by giving tax incentives to firms to locate operations in their jurisdictions.
This week’s IGM Economic Experts Panel statement:
Letting car services such as Uber or Lyft compete with taxi firms on equal footing regarding genuine safety and insurance requirements, but without restrictions on prices or routes, raises consumer welfare.
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