Artificial Creations: Ascription, Ownership, Time-Specific Monopolies

Time-Differentiated Monopolies

We consider sequential competition among sellers, with different consumers desiring the good at different times. Each consumer has the option of buying from a later seller. Each seller recognizes that future sellers are potential competitors. We find that if sellers do not know the previous history of sales, then an equilibrium price is necessarily the same as that which would be set by a simpl...

Cues of control modulate the ascription of object ownership.

Knowing whether an object is owned and by whom is essential to avoid costly conflicts. We hypothesize that everyday interactions around objects are influenced by a minimal sense of object ownership grounded on respect of possession. In particular, we hypothesize that tracking object ownership can be influenced by any cue that predicts the establishment of individual physical control over object...

Unnatural Selection: Seeing Human Intelligence in Artificial Creations

As generative AI systems grow in sophistication, so too do our expectations of their outputs. For as automated systems acculturate themselves to ever larger sets of inspiring human examples, the more we expect them to produce human-quality outputs, and the greater our disappointment when they fall short. While our generative systems must embody some sense of what constitutes human creativity if...

The Forge Web Creations

Complementary Monopolies and Bargaining

How should complementarities a¤ect antitrust merger policy? I introduce a two-stage strategic model in which complementary input sellers o¤er supply schedules to producers and then engage in bilateral bargaining with producers. The main result is that there is a unique weakly dominant strategy equilibrium and the equilibrium attains the joint pro…t maximizing outcome. Output equals that of a bu...