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Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...
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When the theory of two-sided markets was first introduced it was common to hear a theory of everything, and therefore nothing, since everything seems to be two-sided. One of the problems with two-sided market analysis is that is hard to find formal limiting principles to market definition since...
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The SSNIP test and Critical Loss Analysis are widely used tools for determining market definition in merger and sometimes other antitrust matters. However, the standard techniques used to test for a relevant antitrust market are incorrect when the firms in question operate two-sided platforms....
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This Essay stresses the importance of the U.S. Supreme Court's decision in Ohio v. American Express Co. (Amex) for the “Big Tech” (Amazon, Apple, Facebook, and Google) and its pertinence to the current antitrust battles facing the four companies. After bringing up the concepts of...
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The article addresses the role market definition can play for EU competition practice in the platform economy. The focus is on intermediaries that bring together two (or more) groups of users whose decisions are interdependent and which therefore are commonly referred to as “two-sided...
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