The study first lays out the economic forces that tend to generate concentrated markets in digital platforms and the way in which they are new. The economic harms from lack of competition in digital platforms manifest themselves in higher markups, lower quality, and less innovation. The solution to the problem can be achieved using antitrust and regulation, and we argue that both are needed and they are complements. We detail the necessary policy changes before antitrust will be able to protect competition in digital platforms and outline goals and powers of an effective regulator.
A buffet lunch will be available at 11:45 am. The talk will begin at 12:00 pm.
Fiona is the Theodore Nierenberg Professor of Economics at the Yale University School of Management.