Emerging antitrust threats and enforcement actions in the online world

In recent years, our online markets and data-driven economy have delivered waves of innovation and efficiencies to the benefit of us all. And yet, in recent years an increased realisation has emerged as to the limitations of this competitive landscape and the power of markets to correct themselves....

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Bibliographic Details
Main Authors: Ezrachi, A, Stucke, ME
Format: Journal article
Published: International Bar Association 2018
Description
Summary:In recent years, our online markets and data-driven economy have delivered waves of innovation and efficiencies to the benefit of us all. And yet, in recent years an increased realisation has emerged as to the limitations of this competitive landscape and the power of markets to correct themselves. Network effects, increased concentration, personalised dynamic algorithmic pricing and contractual restrictions, have turned the online environment to less than perfect. In this paper, we consider three key antitrust threats - algorithmic collusion, price discrimination, and the rise of the super-platforms – and explore enforcement action they may call for.