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Because market definition is frequently outcome determinative, it is both a central and contested part of antitrust litigation. Recognition of business methods known as multisided platforms presents the challenge of whether and how to incorporate their characteristically interconnected groups...
Persistent link: https://www.econbiz.de/10012932476
Is there a problem with large technology firms, or platforms, purchasing nascent competitors and suppressing competition before they can mature into vibrant competitors? Further, if there is a problem, are the current antitrust laws and the enforcement of those laws sufficient to combat the...
Persistent link: https://www.econbiz.de/10014103975
Platforms like Uber, Google Search, and Hulu pervade the modern economic landscape. A platform caters to distinct but deeply-interdependent “sides” of customers that derive value or revenues from one another, such as the merchants and cardholders on a credit card network, or the advertisers...
Persistent link: https://www.econbiz.de/10012914121
The US Supreme Court ruling in American Express marks a breakthrough for antitrust enforcement in two-sided markets. Not surprisingly, the ruling has sparked lively discussions in the antitrust law and economics community.The majority of the Court argues that if both groups of players are needed...
Persistent link: https://www.econbiz.de/10012893368
Dominant digital platforms such as Google and Facebook collect personal information of users by default precipitating a market failure in the market for personal information. We establish the economic harms from the market failure. We discuss conditions for eliminating the market failure and...
Persistent link: https://www.econbiz.de/10013245201
While the various initiatives in several jurisdictions to impose ex ante regulation on “digital gatekeepers” – i.e., large online platforms that are necessary intermediaries between business users and their customers, and which are typically protected by high barriers to entry – have...
Persistent link: https://www.econbiz.de/10013323374
The persistent dominance of US digital platforms relates to strategies that can be justified on efficiency grounds. However, these strategies might also offset competition and have ambiguous welfare effects. Overall, though, the economic literature does not provide a clear theoretical ground for...
Persistent link: https://www.econbiz.de/10012933867
This article discusses the recent Second Circuit decision in the Justice Department's antitrust case against American Express (Amex). The decision has important implications for antitrust in all industries involving two-sided platforms. The article focuses on the issues of market definition,...
Persistent link: https://www.econbiz.de/10012957337
Platforms, or two-sided markets, have become a topic of significant discussion in competition law over the past decade, culminating in the recent US Supreme Court decision in Ohio v. American Express Co. This note discusses externalities in platforms. Indirect network effects, one type of...
Persistent link: https://www.econbiz.de/10012892742
In the course of its investigation of digital platforms the House Judiciary Antitrust Subcommittee invited submissions on 1) the adequacy of existing laws that prohibit monopolization and monopolistic conduct; 2) the adequacy of existing laws that prohibit anticompetitive transactions; and 3)...
Persistent link: https://www.econbiz.de/10012838021