Enforcement Issues in Rapidly Changing/High Tech Markets (Presentation Slides)
78 Pages Posted: 11 Apr 2017
Date Written: February 13, 2017
Abstract
Disruptive innovations, often based on the use of digital technology, have become an important feature of many markets. Yet competition authorities have struggled to meaningfully apply established antitrust or competition law concepts or frameworks in the context of such developments. Authorities are being faced with new and novel issues such as the application of competition law to multi-sided markets, the antitrust treatment of big data, the impact of mergers on the emergence of disruptive innovations, how to deal with mergers in which the target is a start up with little sales but very large capitalization, the possibility that pricing algorithms might collude and so on. This seminar will discuss some of these critical challenges, assess the case law to date in Europe and the US and suggest proposals to increase the relevance of traditional antitrust approaches.
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