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Applied and bridge studies study record
Tech, platforms & dataBuying the Future to Kill It
STATUS · Manuscript in progressSSRN · Not yet posted
MECHANISM
Identify the incentive structure and the condition that would falsify the claim.
RULE CHANGE
Read the intervention only after the paper shows how the current payoff space fails to support system welfare.
READER USE
Use the summary to see where private gain creates system exposure, then check the study record.
Contribution — what this adds to the conversation
Provides a theoretical framework and policy proposal (mandatory conditional licensing) that bridges antitrust, innovation economics, and system welfare.
WHAT'S NEW · Novel application of MST to acquisition antitrust, introducing the Hollow Win concept and Kill Zone Ratchet Theorem. Original empirical estimate of no canonical estimate is assigned
The paper applies the Missing System Theory to Big Tech acquisitions, showing they produce a 'Hollow Win' where acquirer and target gain but the innovation ecosystem degrades. It estimates each dollar of acquisition revenue destroys $7.81 of system welfare, totaling $999.6 billion annually. The paper proposes mandatory conditional licensing of acquired technology to preserve ecosystem competition.