Practical competition policy implications of digital platforms

Diane Coyle has published a fascinating paper on potential reform to competition policy to address issues caused by digital platforms. The paper is available here an interesting read. Issues addressed in the paper include: Difficulties defining a multi-sided platform. Undue focus upon short-term pricing elements in competition assessments. The impact of dominance in the digital…

The impact of robots on economics

As automation increasingly takes over our economy, what will be the impact on economics? Adair Turner has given a fascinating lecture on the topic, called Capitalism in the Age of Robots. His lecture is available here. Focusing on the impact of robotics on work, income and wealth in the 21st century, he goes as far…

Technopoly: Reform, Redress, and Regulation

Preiskel & Co Partner, Tim Cowen, has co-authored a report with Phillip Blond, published with the support of the Big Innovation Centre, and ResPublica, entitled “Technopoly” and what to do about it: Reform, Redress and Regulation. A fascinating read, the paper takes an overview of the current competition framework, and makes important suggestions for reform.…

Competition and Markets Authority – Developments

The CMA have concluded their consultation on merger thresholds. The proposal is to apply lower turnover thresholds for transactions within three “Relevant Enterprises” (development or production for military or civilian use, quantum technology and computing hardware). The CMA published additional guidance on 11 June 2018 with a summary of responses to the consultation. The CMA…