Past Event

Antitrust Concerns in Digital Markets

Following our past events on the topic of antitrust concerns in zero price markets and on big data, digital platforms and market competition, this November we are hosting an event on antitrust concerns in the digital markets.

Date: November 29, 2017, 12:30 pm Topic: Innovation & Competition Policy

VIDEO & AUDIO RECORDING


event materials

Presentation by Justus Haucap
Presentation by Oliver Latham

summary

There exist multiple opinions on how markets should be regulated to allow for a magical force of competition. The issue is particularly urgent with the emergence of digital economy. Indisputable, the Internet tends to foster competition in markets. However, the rising number of concerns is closely related to a myriad of antitrust issues in digital economy. The discussion was not only about what are those concerns, but also about the role of regulators and competition authorities in finding appropriate solutions to particular cases, on each consensus has not been reached. Practices of different competition authorities also differ between the countries: some are timid, some are striker than others in applying particular competition rules. What should legislator do through his regulatory arm?

Among many concerns brought by the development of technology and the emergence of digital economy, vertical restraints in e-commerce, optimal use of big data, consumer privacy, selective distribution agreements in relation to luxury products and fake news as an antitrust problem are mentioned quite often. There is a tradeoff between potential benefits of online platforms, e.g. in terms of innovation and the worry about the existence of barriers to entry at the same time. When one deals with some of the issues of the digital markets, the critical question is where do we draw a line.

Overall, while there is a huge amount of issues in the digital markets, online platforms do great things, facilitating the exchange of information and competition. Data sources can be an essential facility, but how data can be shared, should a privacy play a role in merger control, the definition of markets where people do not use money for transactions are all open questions. Big data is already having profound influence on content producers. But data is not a barrier to entry, it is rather a more complex mechanism where platforms take actions to reduce traffic or access. One more issue is that platforms have an incentive to vertically integrate. Vertical integration can facilitate the construction of asset which is hard to replicate and it can lead to the situation when the provision of the services is done by not the most optimal supplier, but by the one, which is vertically integrated. In this case, we might have an incentive to change the policy towards vertical integration, but no tools exist to prohibit vertical integration. Therefore, one of the proposed solutions is to ensure that vertically integrated players have limited tools to promote their own firm through regulation of neutrality.

Event notes by Yana Myachenkova, Research Assistant.

Schedule

Nov 29, 2017

12:30-13:00

Check in and lunch

13:00-14:00

Panel Discussion

Chair: Georgios Petropoulos, Research Fellow

Svend Albaek, Deputy Chief Economist, European Commission - DG COMP,

Cristina Caffarra, Vice President, Head of European Competition Practice, Charles River Associates

Justus Haucap, Member of the Scientific Council, Bruegel, and Director, Düsseldorf Institute for Competition Economics (DICE) at Heinrich-Heine-University of Düsseldorf

Jorge Padilla, Senior Managing Director and Head of Compass Lexecon Europe

14:00-14:30

Q&A

14:30

End

Speakers

Svend Albaek

Deputy Chief Economist, European Commission - DG COMP,

Cristina Caffarra

Vice President, Head of European Competition Practice, Charles River Associates

Justus Haucap

Member of the Scientific Council, Bruegel, and Director, Düsseldorf Institute for Competition Economics (DICE) at Heinrich-Heine-University of Düsseldorf

Jorge Padilla

Senior Managing Director and Head of Compass Lexecon Europe

Georgios Petropoulos

Research Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

Read about event More on this topic

Upcoming Event

Apr
23
08:30

Challenges and opportunities for the EU digital single market

At this event, we will look into the progress made towards achieving the main priorities for strengthening the digital single market, the opportunities and the challenges at EU level.

Speakers: Andrus Ansip, George Christou, Jakub Boratyński, Christian Borggreen, Adina Claici, Maria Demertzis, Roland Doll, Lie Junius, Thomas Kramler, Patrick Legros, J. Scott Marcus, David Martin Ruiz, Eva Maydell, Georgios Petropoulos, Siada El Ramly, Oliver Roethig, Aidan Ryan, André Sapir, Mark Smitham, Maximilian Strotmann, Reinhilde Veugelers, Guntram B. Wolff and Andrew W. Wyckoff Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article Download PDF More on this topic More by this author

Policy Contribution

Are European firms falling behind in the global corporate research race?

The author looks at how concentrated corporate R&D is in Europe, compared with sales and employment. The US and China are more likely to produce new R&D leaders that take over some of the top positions from incumbent R&D leaders. How is the EU coping with technology shifts and creating the next generation of new leading firms?

By: Reinhilde Veugelers Topic: Innovation & Competition Policy Date: April 12, 2018
Read about event More on this topic

Past Event

Past Event

Bank assets and business models: addressing complexity

At this event, we discussed the lack of transparency and problems in valuing correctly significant parts bank assets in the euro area based on an extensive study by the Bank of Italy.

Speakers: Simon Ainsworth, Paolo Angelini, Josina Kamerling, Martin Merlin, Alexander Lehmann and Nicolas Véron Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: March 21, 2018
Read about event More on this topic

Past Event

Past Event

The future of the EU budget: MFF post-2020

Which should be the priorities for the Multiannual Fiscal Framework post 2020?

Speakers: Roger Havenith, Günther H. Oettinger, Charlotte Ruhe, Margit Schratzenstaller-Altzinger and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: March 7, 2018
Read about event

Past Event

Past Event

(How) could European safe assets be constructed?

At this event we looked at the ESRB task force’s investigation on safe assets.

Speakers: Levin Holle, Sam Langfield, Anne A. Leclercq and Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: March 1, 2018
Read about event More on this topic

Past Event

Past Event

Bruegel - Financial Times Forum: The future of euro-area governance

The third event in the Bruegel - Financial Times Forum series looked into the future of euro-area governance.

Speakers: Maria Demertzis, Gideon Rachman, Manfred Weber and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 27, 2018
Read about event More on this topic

Past Event

Past Event

Is there life After TTIP? The future of transatlantic economic relations

The partnership between North America and Europe is becoming unsettled and uncertain. How can we deal with this new situation that threatens the prosperity and ultimately the position of North America and Europe in the global economy.

Speakers: Maria Demertzis, Daniel S. Hamilton, Luisa Santos and André Sapir Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 19, 2018
Read about event More on this topic

Past Event

Past Event

The implications of Blockchain platforms

The disruptive forces of block chain technologies in markets and industries: a European perspective

Speakers: Anna Dimitrova, Julio Faura, Georgios Petropoulos, Johan Pouwelse and Pēteris Zilgalvis Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 6, 2018
Read about event More on this topic

Past Event

Past Event

Europe’s immigration and integration challenges: Financial and labour market dimensions

The event, organised by Bruegel in cooperation with the Institute for International Affairs will discuss these and related questions and will also feature the launch in Rome of the study authored by Zsolt Darvas on the impact and integration of migrants in the European Union.

Speakers: Roberto Ciciani, Zsolt Darvas, Marcela Escobari, Tatiana Esposito, Manjula M. Luthria, Carlo Monticelli, James Politi and Nathalie Tocci Topic: European Macroeconomics & Governance Location: Banca Monte dei Paschi di Siena, Via Mighetti 30/A, Rome, Italy Date: February 2, 2018
Read about event More on this topic

Past Event

Past Event

Why think tanks matter in the era of digital and political disruptions

Bruegel is pleased to host this panel discussion as part of the global launch of the 2018 Global Go To Think Tank Index, published by the University of Pennsylvania’s Think Tanks and Civil Societies Program.

Speakers: Matt Dann, Shada Islam and Hlib Vyshlinsky Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: January 30, 2018
Read about event More on this topic

Past Event

Past Event

Integration of migrants in the EU

This event will discuss the integration of migrants in the EU as well as the EU's response to the recent refugee crisis

Speakers: Manu Bhardwaj, Herbert Brücker, Zsolt Darvas, Naika Foroutan, Marcel Fratzscher, Manjula M. Luthria and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Mohrenstraße 58, 10117 Berlin, Germany Date: January 29, 2018
Read about event

Past Event

Past Event

Corporate taxation in the digital era

How can we address digital taxation in the EU? Is the proposed "equalisation tax" on turnover the best policy to tackle the challenges posed by digital taxation?

Speakers: Johannes Becker, Dmitri Jegorov, Maria Demertzis, Stephen Quest, Stef van Weeghel and Georgios Petropoulos Topic: European Macroeconomics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: January 24, 2018
Load more posts