Schumpeter: The University of Chicago worries about a lack of competition | The Economist

Its economists used to champion big firms, but the mood has shifted

Source: Schumpeter: The University of Chicago worries about a lack of competition | The Economist

There is an emerging consensus among economists that competition in the economy has weakened significantly. That is bad news: it means that incumbent firms may not need to innovate as much, and that inequality may increase if companies can hoard profits and spend less on investment and wages.

Yes, I certainly see this in tech fields.The double consequences are scary.

Thanks to colleague Prof. Liz Lyons for suggesting this.

Point-of-use medical tests go extreme:  sperm tests on a smartphone

Device costs less than $5 and can accurately measure the number and speed of swimmers. Source: With racy sperm pics on a smartphone, men can easily test fertility | Ars Technica If  only Theranos could do as well!

This is just a research project. But it’s still impressive. Smartphones have elaborate sensors, computation, networking, and even databases. Adding a custom sensor modifier will bring lots of inexpensive tests, medical and otherwise.

Style by subscription: Why clothing-to-your door is so popular – Silicon Valley

I’m going to list some oddball potential case study opportunities for my students here. (I’m teaching 3 courses in April, all requiring papers!).

Having a computer and a person you’ve never met pick clothes out for you, based on a style questionnaire and your social media photos, seems an odd concept. But San Francisco’s Stitch Fix and Le To…

Source: Style by subscription: Why clothing-to-your door is so popular – Silicon Valley

Police  body cams will cost $1000s per cop per year!

Police body cams sound great, but it will take years to work out all the ramifications, rules for using them, etc. One concern is cost. It’s likely that the initial cost of the cameras is a small fraction of the total cost.

One issue is the cost of storing the video recorded by cams. According to my rough calculations, this could be thousands of dollars per user per year. That will put a hole in any department’s budget.

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