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SUMMARY:Practical Competition Policy Implications of Digital Platforms: Ta
 king Schumpeter Seriously (Departmental Seminar) - Professor Diane Coyle (
 POLIS)
DTSTART:20180523T160000Z
DTEND:20180523T173000Z
UID:TALK105970@talks.cam.ac.uk
CONTACT:Psychology Reception
DESCRIPTION:The traditional tools of competition policy are difficult to i
 nterpret in the context of multi-sided digital platforms. The size and app
 arent market power of some platforms means competition authorities are fac
 ing calls for tougher action. However\, both regulatory intervention and a
 nti-trust enforcement will remain controversial until economic analysis pr
 ovides some tools for a systematic assessment of competition in these mark
 ets. A particular analytical and empirical challenge is incorporating the 
 dynamic as well as static effects of platforms' dominance\, given the evid
 ently large consumer benefits they provide\, and the fact that the growth 
 of digital platforms rests on innovation and competition for the market.\n
 \nA practical way forward for competition authorities is suggested\, roote
 d in a consumer welfare standard\n\nBook via Eventbrite: https://www.event
 brite.co.uk/e/practical-competition-policy-implications-of-digital-platfor
 ms-taking-schumpeter-seriously-tickets-44789766397
LOCATION: Room S1\, Alison Richard Building\, Sidgwick Site\, 7 West Road\
 , Cambridge\, CB3 9DT
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