Professor of Politics and Economics @UNSWEcon. @ARC_gov_au Future Fellow. Co-director and founder resilientdemocracylab.org.
Joined August 2018
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MARKET POWER IS POWER
New working paper with @bartonelee2
Thread below! 1/5
gratton.org/papers/MarketPow…
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Gabriele Gratton retweeted
Jun 12
With a HT to my great coauthors of “When to Drop a Bombshell” Gabriele Gratton and Anton Kolotilin. afr.com/technology/spacex-s-…
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Jun 10
I guess people in Luxembourg like to go North for holidays?
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Jun 10
Heading to Luxembourg for the Benelux PECO. I will be presenting Adding Fuel to the Gun(Fire).
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Gabriele Gratton retweeted
📢📢📢
I am looking for a Research Associate (Predoc) to work on exciting projects in the economics of media and political economy.
Please share and apply! More information available here: tinyurl.com/hertie-RA-ornagh….
Deadline: June 28.
#econra #econ_ra @econ_ra
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What's the point of this Luddite witch-hunt? An argument does not get any more or less valid if it's written with the help of AI.
smh.com.au/national/uni-acad…
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May 31
That market power IS power does not simply mean that large firms can get their way. It means that free-market capitalism and democracy work well together only when competition disciplines firms, keeping them focused on economic efficiency rather than political goals.
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Gabriele Gratton retweeted
May 29
the direction of tech. progress may itself be driven by the struggle for political power
Superstar innovating firms don't merely redistribute away from labor&try to influence politics to favor their technology
shape technolog.progress in politically powerful ways.
@piotrsankowski
MARKET POWER IS POWER
New working paper with @bartonelee2
Thread below! 1/5
gratton.org/papers/MarketPow…
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May 26
2/ These questions matter for founders pitching investors, firms choosing influencers, lobbyists targeting policymakers, and campaigns relying on early adopters.
Christopher Teh, @djthornton97 and I study precisely these problems.
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May 26
Two key insights:
1. **Popularity is a double-edged sword and influence is not the same as popularity.** A popular target can spread a positive influence widely. But if she is not persuaded, her negative influence spreads too. So the best target may not be the most popular one.
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May 26
2. **More customization is not always better.** In large polarized markets, or in markets with many customers but only a handful of high-popularity influencers, persuaders may benefit from being unable to fine-tune communication to the taste and preferences of their target.
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May 26
**TARGETED PERSUASION**
Who should you target when others observe only the target’s action—not what you told them? And how much should you customize the information you send? 1/.
gratton.org/papers/TargetedP…
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May 23
Hard to know if these predictions on AFR are correct. But for those who anchor their analysis in the idea that preferential and mandatory voting means OneN can never be a serious parliamentary force… any plan B?
afr.com/politics/federal/is-…
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May 23
Teaching done. Exams graded. Paper resubmitted. New paper just finished. Time to… nevermind.
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Gabriele Gratton retweeted
May 21
So why is market power *power*?
In Market Power IS Power, @bartonelee2 and I argue that firms can shape democratic political outcomes if and only if they possess market power. 1/.
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May 22
How else can we cite you otherwise? You sure don’t expect us to read more than 5 paragraphs, do you?
May 21
1 year arXiv ban for those who don't clearly state their research questions within the first 5 paragraphs of the introduction.
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Gabriele Gratton retweeted
May 22
Yes. And we discuss how groups of firms (and of workers, think unions!) have power because their collusion yields them market power. E.g., industry standards can be used to direct tech progress towards politicl goals.
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Gabriele Gratton retweeted
May 21
Thank you. I think you’re right I should write differently: our mechanism allows firms to have political power IFF they have market power. But other completare mechanisms exist.
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May 21
So why is market power *power*?
In Market Power IS Power, @bartonelee2 and I argue that firms can shape democratic political outcomes if and only if they possess market power. 1/.
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May 21
7/ Solutions? We show that supermajoritarian institutions, constitutionally protected norms, and supranational and independent regulatory authorities can help democracy resist the political power of market power.
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May 21
Link to paper and thread 👇x.com/grattonecon/status/205…
MARKET POWER IS POWER
New working paper with @bartonelee2
Thread below! 1/5
gratton.org/papers/MarketPow…
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