An anonymous reader shares a report: Video game developer and distributor Valve must face a 656 million-pound ($897.7 million) lawsuit in Britain, which alleges it charged publishers excessive commissions for its Steam online store, after a tribunal ruled on Monday the case could continue. Valve was sued in 2024 on behalf of up to 14 million people in the United Kingdom who bought games or additional content through Steam or other platforms since 2018. Lawyers representing children's welfare advocate Vicki Shotbolt, who is bringing the case, allege Valve prevents publishers selling products more cheaply or earlier on rival platforms to Steam by imposing conditions on them. They say Valve requires users to buy all additional content through Steam if they've bought that game through the platform, effectively "locking in" users to make purchases on its platform. This allows Valve to charge "unfair and excessive" commissions of up to 30%, Shotbolt's lawyers said at a hearing in October.

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The independent coffee shops and quirky boutiques that make neighborhoods like Hayes Valley in San Francisco or Williamsburg in Brooklyn desirable are caught in a frustrating economic trap: they create value that ends up in the pockets of nearby homeowners rather than their own cash registers. An essay in Works in Progress magazine argues that when an interesting new store or restaurant opens, commercial and residential property values rise in the surrounding area, but the retailer itself captures only a fraction of that value through its actual sales. Almost half of stores in one San Francisco shopping district shuttered within four years even as the neighborhood thrived and rents climbed. The authors propose several fixes drawn from historical and international practice. Shopping malls and mixed-use developments solve this through unified ownership, allowing a single entity to cross-subsidize interesting tenants. Hong Kong's Mass Transit Railway buys land around new stations before building begins, making it one of the few profitable transit systems in the world. Business Improvement Districts let businesses tax themselves for shared amenities, though they currently don't capture value that spills over to nearby residents. The essay suggests creating hybrid institutions -- something between homeowners' associations and business improvement districts -- that could levy hyperlocal taxes to keep valued retail alive.

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