The first key antitrust implication
of Aggregation Theory is that, thanks to these virtuous cycles, the big get bigger; indeed, all things being equal the equilibrium state in a market covered by Aggregation Theory is monopoly: one aggregator that has captured all of the consumers and all of the suppliers.
Amazon Health doesn't seem like much now, but there are hints it could be the ultimate application
of Aggregation Theory.
The European Commission's antitrust case against Google is likely to be the first of many against aggregators, because the end game
of Aggregation Theory is monopoly.
This is the original piece
of Aggregation Theory that was missing from last year's Defining Aggregators: it is one thing to sit on top of an existing industry and, well, be a media company / lead generation tool.
Aggregation Theory should serve as a guidebook for aspiring platform companies, a warning for industries predicated on controlling distribution, and a primer for regulators addressing the inevitable antitrust concerns that are the endgame
of Aggregation Theory.
Not exact matches
Another way to characterize Netflix's increasing power is
Aggregation Theory: Netflix started out by delivering a superior user experience
of an existing product (DVDs) to a dedicated set
of customers, leveraged that customer base to gain new kinds
of supply (streaming content), gaining more customers and more supply, and ultimately leveraged those customers to modularize supply such that the streaming service now makes an increasing amount
of its content directly.
One
of the key
theories underpinning
Aggregation Theory is Clayton Christensen's Conservation of Attractive Profits, which I explored in the context of Netflix while developing the t
Theory is Clayton Christensen's Conservation
of Attractive Profits, which I explored in the context
of Netflix while developing the
theorytheory:
The
theory and approaches
of aggregation testing are too broad a topic to cover here, but the general concept is this: by grouping individual rare variants into a biological unit — most often, a gene or exon — it's possible to test the super-genotype (i.e. «has a rare variant in gene A») for association.
Yesterday the The New York Times had a fascinating piece about how ebook sales, contra
Aggregation Theory, are actually declining even as publishers and book stores are thriving on the back
of print: 1
Caroline and I are currently re-examining
theories of this self -
aggregation in homogeneous models.
The primary conceptual bottleneck at this stage in the online natural climate variability discussion is in the area
of spatiotemporal sampling &
aggregation theory, not «mysterious unknown» physics.
Following Gregg v Scott [2005] 2 AC 176, [2005] 4 All ER 812 and Hicks v Chief Constable
of the South Yorkshire Police [1992] All ER 65 and rejecting the
aggregation theory approach, Lord Hoffmann observed that neither the risk
of injury nor anxiety at the prospect
of future injury were in themselves actionable.
Aggregation Theory provides a framework to understand the impact
of the Internet on nearly all industries.
[1][3] There was initially a strong influence from psychoanalysis (most
of the early founders
of the field had psychoanalytic backgrounds) and social psychiatry, and later from learning
theory and behavior therapy - and significantly, these clinicians began to articulate various
theories about the nature and functioning
of the family as an entity that was more than a mere
aggregation of individuals.