Superstar firms and their impact on the new economy

CHICAGO • The growing dominance of leading technology firms has occasioned an intense debate about the trade-offs between efficiency and market power, while raising questions about what the changing structure of markets will mean for innovation and the distribution of wealth in the future.

The annual Jackson Hole Economic Policy Symposium in Wyoming offered excellent insights on the subject. With respect to efficiency and competition, there is already cause for concern.

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A version of this article appeared in the print edition of The Straits Times on December 12, 2018, with the headline 'Superstar firms and their impact on the new economy'. Print Edition | Subscribe