Economists John Davies, Valérie Meunier, Gianmarco Calanchi and Angelos Stenimachitis recently authored an article for the US Antitrust Bulletin discussing the Digital Markets Act (DMA) and the missed opportunity by the European Commission (EC) to introduce a market investigation tool. The authors explore the DMA’s approach using the error cost framework, the consequences of restricting … Continued
In this paper, John Davies, Sergey Khodjamirian, Felix Giallombardo, Pietro Aletti consider empirical evidence on multi-homing in online retailing in the context of the ‘gatekeeper’ concept. The team reviews independent survey evidence on multi-homing in online marketplaces and analyses results from two surveys of five countries in Europe, commissioned by Amazon and conducted by market … Continued
On 21 April, economists Soledad Pereiras and Justin Coombs spoke at the Concurrences Innovation Economics conference for antitrust lawyers at King’s College London. Soledad focused on market definition in digital markets, while Justin discussed potential exclusionary behaviour by companies and their effects on the market and consumers. Panel 1 – Market definition in innovation markets: … Continued
Expert Economists Jorge Padilla, Joe Perkins and Salvatore Piccolo wrote an article for the Journal of Industrial Economics. The article discusses the competitive strategies of ‘gatekeeper’ platforms and analyzes a model in which a gatekeeper device-seller facing potentially saturated demand for its device has the incentive and the ability to exclude from the market third-party … Continued
Expert Economists Jorge Padilla, Salvatore Piccolo and Helder Vasconcelos wrote an article for the Journal of Industrial and Business Economics. The article investigates the role of business models as drivers of the accuracy of consumer information collected by digital platforms. The results of the authors’ research shed new light on the link between alternative business models, consumer privacy and information collection in the digital sector, and may help explain why some platforms tend to protect consumer privacy more than others.
In September 2021, Compass Lexecon co-hosted a virtual workshop with the Mannheim Centre for Competition and Innovation (MaCCI) on recent research related to vertically integrated platforms from leading economists. In these non-technical presentations, leading economists Andrei Hagiu (Boston University), Prof. Feng Zhu (Harvard Business School), Prof. Salvatore Piccolo (University of Bergamo & Compass Lexecon) and … Continued
Expert economists Salvatore Piccolo, Patricia Lorenzo, Guillaume Duquesne, Kadambari Prasad, and Paul Reynolds discuss competition and antitrust issues in digital markets with Financier Worldwide. Could you provide an overview of how the digital marketplace has developed in recent years? Piccolo: Recent years have witnessed the emergence of an increasing number of online marketplaces with new … Continued
Elizabeth Wang joined speakers from the U.S. Federal Trade Commission, the Japan Fair Trade Commission, the UK Competition and Markets Authority, Facebook and King’s College London on a panel during the 2021 Innovation Economics conference to discuss the differences and similarities in antitrust enforcement towards online platforms across the U.S., Europe and Asia.
Kirsten Edwards-Warren joined speakers from the European Commission, Google, Siemens, and Shearman & Sterling on a panel during the 2021 Innovation Economics conference to discuss why the EU and UK struggle to generate large numbers of successful global services platforms.
By Neil Dryden, Jorge Padilla, and Helder Vasconcelos Introduction The growing digitalization of the economy has led to the emergence of new business models, based on multi-sided platforms, which have inspired a relatively recent but rapidly expanding strand of the economics literature on the economics of two-sided markets. (2) This literature has given rise to … Continued