Network Effects: March To The Evidence, Not To The Slogans

Network Effects: March To The Evidence, Not To The Slogans

By David S. Evans & Richard Schmalensee –  Though network effects are important for multisided platforms, the simple winner-take-all notion that they always give larger platforms an insurmountable advantage over smaller rivals has been disproven by numerous counterexamples. It is now being argued that big data is power, so that a firm that has more […]

For A Facts-Based Analysis Of Uber’s Activities In The EU: Addressing Some Misconceptions

For A Facts-Based Analysis Of Uber’s Activities In The EU: Addressing Some Misconceptions

By Damien Geradin –  This paper addresses some of the misconceptions about the nature of Uber’s services, as well as encouraging a facts-based approach to the regulation of these services. Such a facts-based approach is particularly important at a time where the CJEU has been asked to deliver a preliminary ruling on questions related to […]

Buyer Power In The Big Data And Algorithm Driven World: The Uber & Lyft Example

Buyer Power In The Big Data And Algorithm Driven World: The Uber & Lyft Example

By Ignacio Herrera Anchustegui & Julian Nowag –  This article explores how big data and algorithms may create new possibilities for unilateral anticompetitive behavior in the form of overbuying and “reverse rebates,” using as a case study the recent proceedings against Uber concerning its “Hell” program. The analysis provides us with the opportunity to re-explore […]

Measuring Market Power In Multi-Sided Markets

Measuring Market Power In Multi-Sided Markets

By Kate Collyer, Hugh Mullan & Natalie Timan –  With the dawn of the digital age, multi-sided markets are everywhere. From booking platforms for hotels to food delivery services as well as more traditional markets such as newspapers or radio broadcasting, multi-sided markets present competition experts with a unique set of challenges when it comes […]

Privacy Fixing And Predatory Privacy: The Intersection Of Big Data, Privacy Policies And Antitrust

Privacy Fixing And Predatory Privacy: The Intersection Of Big Data, Privacy Policies And Antitrust

By Benjamin R. Dryden & Shankar (Sean) Iyer –  Under the right conditions, business practices that are good for consumer privacy can come at a cost to competition. This article considers the scenarios where privacy interests and competition might conflict. Specifically, the authors consider the potential economic and legal implications of “privacy fixing” – two […]

The Italian Big Data Inquiry: A Question Of Method

The Italian Big Data Inquiry: A Question Of Method

By Renato Nazzini –  On May 30, 2017, the Italian Competition Authority (“ICA”), together with the Telecoms Authority (“AGCOM”) and the Data Protection Authority (“DPR”) (together, the “Authorities”) launched an inquiry into “big data.” This is the first time an inquiry has been carried out by the three Authorities and, while this clearly presents some […]

The Dynamics Of Platform Business Value Creation

The Dynamics Of Platform Business Value Creation

By Eliana Garcés-Tolon –  This paper argues that the technology and economic determinants of value creation in platform businesses have so far not been sufficiently taken into account in the analysis of the conduct of digital platforms. Platforms operate in an environment of extreme interconnectivity, exhibit many externalities and economies of scope and require sophisticated […]

Algorithms And Competition: Friends Or Foes?

Algorithms And Competition: Friends Or Foes?

By Antonio Capobianco & Pedro Gonzaga –  Big data and technologically advanced tools, such as pricing algorithms, are increasingly diffused today in everyone’s life, and are changing the competitive landscape in many markets and sectors. While the size of this phenomenon is to a large extent unknown, there is a growing number of firms using […]