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 ecosystem on incentives innovation
- Theoretical difficulties in carrying out dynamic rather than static competition assessments.
Preiskel & Co Partner Tim Cowen has been discussing these issues with parliamentarians, and has co-authored a paper outlining suggestions for reform. Please email Tim if you have any questions related to the topic.