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 […]

Antitrust Sanctioning In China: How Can The NDRC Guidelines Be Further Improved

Antitrust Sanctioning In China: How Can The NDRC Guidelines Be Further Improved

By Jet Deng & Yannis Katsoulacos –  Antitrust sanctioning regimes have been the subject of extensive discussion among economists and legal practitioners in recent years and the emerging economic literature has shed considerable new light on the welfare and other properties (implementability and legal certainty) of alternative regimes. In China, the confiscation of illegal gains […]

Changes In The Landscape: Trends In Global Merger Control

Changes In The Landscape: Trends In Global Merger Control

By Junya Ae, Nick Altini, Werner Berg, Brian Burke, Vani Chetty, Mark Hamer, Tom Jenkins, Denise Junqueira & Laura Liu –  Global M&A transactions are exposed to an increasing number of merger control regimes and thus heavily dependant on the regulators assessing their deals. The Baker McKenzie global antitrust practice has identified a number of […]

The Path Towards A More Efficient Antitrust Enforcement In Argentina

The Path Towards A More Efficient Antitrust Enforcement In Argentina

By Miguel del Pino & Santiago del Rio –  The new Administration of the Argentine Antitrust Commission has recently sent a bill for a new Antitrust Law to Congress that promises to reshape current enforcement in Argentina, including much needed changes such as the creation of a leniency program, hard core cartels and a revamped […]

Competition In Dissimilarity: Lessons In Privacy From The Facebook / Whatsapp Merger

Competition In Dissimilarity: Lessons In Privacy From The Facebook / Whatsapp Merger

By Samson Esayas –  This note comments on the Commission’s decision in the Facebook/WhatsApp merger regarding the competition in privacy and privacy policies between the two firms. Assessing the competition between WhatsApp and Facebook Messenger, the Commission used the differences in privacy policies as a factor that makes the messaging services complementary rather than competitors. […]

Rejecting The Ordoliberal Standard Of Consumer Choice And Making Consumer Welfare The Hallmark Of An Antitrust Atlanticism

Rejecting The Ordoliberal Standard Of Consumer Choice And Making Consumer Welfare The Hallmark Of An Antitrust Atlanticism

By Joseph V. Coniglio –  Protecting consumer choice remains essential to the enforcement of European competition law. This article provides an overview of ordoliberalism as a theory of political economy and its relation to a consumer choice paradigm for competition policy, before turning to a critical discussion of ordoliberalism’s theoretical priors and practical standards for […]