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Monetizing advertising is far from straightforward. The hard choices faced by Netflix in market focus ( small or big advertisers?) in technology and programming theinformation.com/articles/how-a…

BlackRock supported about 4% of the total environmental and social proposals put forward by shareholders at annual meetings ft.com/content/2fbd12…

Willingness to accept compensation for giving up Facebook is nearly identical between the group exposed to ads and the no-ads group. This means the disutility of ads is minimal or that any negative impact is offset by potential benefits, such as discovering relevant products

Dissertation Competition Finals and a New Promotion and Outreach Strategy Organization Science open.substack.com/pub/orgsci/p/d…

We have published a new report by Luis Garicano 🇪🇺🇺🇦 and Juan Santaló that documents a systematic positive correlation between digital platform adoption and labor productivity across European companies from all countries and industries studied. Read more 👇 ie.edu/cgc/news-and-e…

8/ In this report Carmelo Cennamo Juan Santaló warn about the effects of the DMA on innovation. esade.edu/ecpol/wp-conte…

linkedin.com/posts/ie-busin…

Great discussion of institutions and the importance of getting the historical details right. (Written before the AJR Nobel Prize.)

We are looking for a new colleague ISTO 😀 We have an opening at the Post-doctoral level. Interested in strategic and regulatory issues in Digital Markets? Please apply before November 22nd. More on our institute's webpage: som.lmu.de/isto/en/instit….

Graph from The Economist . What are the incentives to increase productivity in the public sector?

Orwell could have not been able to come up with a better name: the “Spanish Agency for the Supervision of Artificial Intelligence” includes the “Department of Awareness, Training, Dissemination, Promotion and Consciousness-raising” siliconcontinent.com/p/the-complian…

Case study: Spain has no frontier AI companies, yet rushed to create Europe's first AI agency (AESIA) with a president, director, 2 subdirectors, secretary general, and 10 departments. Regulating before innovation. 6/

We had insightful conversations on geopolitics and tech governance with Enrico Letta, Manuel de la Rocha V, Markus Reinisch, Barbara Navarro, Nacho Torreblanca, Juan Santaló, Elena Yndurain, Purvi Parekh, Irene Blázquez and the rest of the participants.

The ECB is handicapping its digital euro project (strict holding limits, no interest payments, and mandatory bank account links) in order to protect the current broken, inefficient, subsidized banking system. Do we need banks? My post today in Silicon Continent 🧵

Jesús Fernández-Villaverde, Tano Santos y yo lanzamos un Manifiesto por el Crecimiento hoy en El Confidencial Está en abierto, léelo y, si te gusta, compártelo. Jesús lo presentará hoy en la Fundación del Pino. blogs.elconfidencial.com/economia/la-ma…

🚨Closing out 2024 with new paper with Sylvia Hristakeva and Leo Feler: How GLP-1 medications like Ozempic are reshaping food demand and changing the rules of the game for the food industry.

Underrated phenomenon: spate of attacks in Europe, Ukraine and Russia are due to security services easily recruiting large volumes of cash-poor civilians online. Rise of Sabotage as a Service?

Two major macro trends since 1980: - Rising markups - Declining business dynamism By now, it’s accepted that market power killed dynamism. Ryan Decker and I find that the industry data tells a completely different story. Conventional wisdom => 🗑️? 🧵 on our updated paper

The cycle repeats all over. Yet again, the "magic" of putting together content and distribution fizzles out, failing to produce the desired results. Happened in the past, happening today, will happen again tomorrow. Billions of dollars of shareholder value wasted.

Had the pleasure of debating Álvaro Ramos (Qualcomm) on whether the DMA should be repealed. I argued yes, he argued no. A lively and thought-provoking exchange. Thanks to Juan Santaló for the kind invitation and excellent moderation.