UK Government announces expert panel on competition law in a digital age

The UK Government has announced that it is establishing an expert panel led by Jason Furman, Harvard Professor and economic adviser to former US President Barack Obama, in order to examine the impact of digital technology companies on competition and consumer behaviour. The announcement was made along with the publication of a government report on…

Government Response to UK Advertising in a Digital Age Report

The House of Lords Select Committee on Communications has made a series of recommendations on UK Advertising in a Digital Age. The Government has issued its response to the recommendations “for which the Government is directly responsible.” The Committee recommended (Recommendation 2) that where businesses fail to self-regulate adequately, the Government should propose legislation to…

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…