Summary: | Competition policy has faced increasing scrutiny in recent years, with growing tension between
traditional antitrust frameworks and contemporary critiques, including the "hipster antitrust"
movement. Some of the critics contend that competition policy has failed to address the
growing market power of dominant firms, especially in the digital sector. This issue of the
Oxford Review of Economic Policy explores the validity of these claims and their potential
implications for the future of competition policy. It also examines how emerging
methodologies, particularly those rooted in data science, can enhance our understanding both
of how firms behave and how competition authorities and courts make decisions. This article
summarises a diverse range of contributions from academics, regulators, and practitioners in
law and economics. It concludes with a discussion of how competition economics might adapt
to the challenges posed by the hipster antitrust movement and the rapid changes in how firms
compete.
|