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The EU competition policy in regard to vertical restraints is mainly based upon neoclassical efficiency-oriented reasonings, leading to a neglect of the innovation dimension. This paper analyses to what extent evolutionary theories of competition and innovation economics can be used to derive...
Persistent link: https://www.econbiz.de/10010265763
The merger between Dow and DuPont, two US-based chemicals companies, was approved by the European Commission subject to extensive conditions. Besides price-related effects, serious concerns were raised as regards the effects of the merger on innovation competition in the crop protection...
Persistent link: https://www.econbiz.de/10013224703
The EU competition policy in regard to vertical restraints is mainly based upon neoclassical efficiency-oriented reasonings, leading to a neglect of the innovation dimension. This paper analyses to what extent evolutionary theories of competition and innovation economics can be used to derive...
Persistent link: https://www.econbiz.de/10005685631
Abstract: Both in US antitrust and EU competition policy a development to a broader appli-cation of rule of reason instead of per se rules can be observed. In the European discussion the attempt to base competition policy on a "more economic approach" is mainly viewed as im-proving the economic...
Persistent link: https://www.econbiz.de/10005685639
Big data is an important phenomenon injecting transformative effects into social and economic relationships. Consumers, firms and machines produce unprecedented amounts of data collected, stored and analysed by leveraging the synergic capabilities of mathematics, computer science and the...
Persistent link: https://www.econbiz.de/10013001125
Long before techlash became popular, the European Data Protection Supervisor (EDPS) was holding up a mirror to the EU competition authority. Not only the effectiveness of competition rules' enforcement in the age of big data was questioned, but the suggestion was made to substantially improve...
Persistent link: https://www.econbiz.de/10012844053
Algorithms are the fundamental ingredient of online businesses such as search engines, marketplaces, peer-to peer platforms and social networks. They have already deeply affected the way individuals shop, communicate, and interact with one another. In pursuit of automation-driven efficiencies...
Persistent link: https://www.econbiz.de/10012954220
In recent years, technological advances have propelled platforms to centre stage and competition authorities increasingly deal with issues pertaining to their workings in ICT and other industries. A still partially unanswered question, though, is what is the theoretical framework that looks most...
Persistent link: https://www.econbiz.de/10012909879
The Google Android Decision was announced by the European Commission on 18 July 2018. The Commission found that three restrictions related to Android and Android apps that Google imposed on mobile device manufacturers and network operators infringed Article 102 TFEU. These restrictions,...
Persistent link: https://www.econbiz.de/10012910982
The working of the digital economy is intimately intertwined with the mechanics of algorithms. Powerful computers and 'smart' devices carry out the step-bystep sets of operations contained in algorithms in order to perform the calculation, data processing, and automated reasoning tasks that...
Persistent link: https://www.econbiz.de/10012943054