This paper outlines the modern industrial organization theory of media markets including competition policy implications. After recapturing fundamentals of industrial organization theory in a non-technical way, the state of the art of (i) modern platform economics, (ii) the economics of the...

The more economic approach of European competition policy entails the implementation of a new (normative) conceptual approach of antitrust policy: decisions become more strongly focused on short-run and quantifiable price and quantity effects. This paper contributes to the widespread discussion...