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We consider the merits of the recent EU’s Digital Markets Act from the perspective of innovation and value creation. We conceptualize innovation as new interactions being created by the digital platform leading to ‘value creation’, in contrast to facilitating existing interactions or...
Persistent link: https://www.econbiz.de/10014081385
Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...
Persistent link: https://www.econbiz.de/10012154717
In its latest proposals, the Digital Markets Act (DMA) and Digital ServicesAct (DSA), the European Commission puts forward several new obligations foronline intermediaries, especially large online platforms and “gatekeepers.” Bothare expected to serve as a blueprint for regulation in the...
Persistent link: https://www.econbiz.de/10013224653
Over the last years, several reports highlighted the market power of very large online platforms that are gatekeeping intermediaries between businesses and consumers, and the difficulty for classic competition policy tools to deal effectively with anti-competitive practices in these platforms....
Persistent link: https://www.econbiz.de/10013245166
The author discusses the EU Commission’s triad of proposals in the Digital Services Package of Winter 2020, i.e. the proposed Data Governance Act (DGA), Digital Markets Act (DMA) and Digital Services Act (DSA). These bills represent the hitherto most ambitious and broad regulatory project in...
Persistent link: https://www.econbiz.de/10013238384
Concentration in the digital economy in the United States has sparked loud criticism and spurred calls for wide-ranging reforms. These reforms include everything from increased enforcement of existing antitrust laws, such as challenging more mergers and breaking up firms, to an abandonment of...
Persistent link: https://www.econbiz.de/10013241047
Persistent link: https://www.econbiz.de/10013047382
The ubiquitous process of digitization changes economic competition on markets in several ways and leads to the … digital goods and markets. In Germany, national competition law was amended in 2017 in order to accommodate for digitization …
Persistent link: https://www.econbiz.de/10011926921
The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of so-called gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a...
Persistent link: https://www.econbiz.de/10012652861
The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of socalled gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a...
Persistent link: https://www.econbiz.de/10013407158