1. Introduction; 2. Technological change and natural monopolies in digital industries; 3. Horizontal search; 4. E-commerce marketplaces; 5. Ride-hailing platforms; 6. The institutional dimension of alternative policy options; 7. Conclusion; Bibliography.
Through three case studies, this book investigates whether digital industries are naturally monopolistic and evaluates policy approaches to market power.
Francesco Ducci is a Global Fellow at New York University, affiliated with the Centre for Law, Economics, and Organization. His research interests include competition policy, regulation, international trade, and law and economics.
'This is a powerful, erudite, and timely book that examines the
problem of the digital platforms and how to control their power
through every lens of competition and regulation, institutionally,
legally, and economically. Offering perspectives through both the
microscope and the telescope, it concludes that we must increase
the complementarity between ex ante and ex post forms of
interventions, with different tools and in different mixes as
dictated by the platform and the market and how well competition
can work.' Eleanor M. Fox, Walter J. Derenberg Professor of Trade
Regulation, New York University School of Law
'The so-called 'tech titans' have come to preoccupy competition
agencies and scholarly commentators around the world. Contrary to
extreme prescriptions such as 'break up' or 'do nothing,' Dr
Ducci's book reflects a more subtle and surgical approach to
manifestations of dominance in multi-sided markets, one that may be
more consistent with consumer welfare than opposing extremes.'
Michael Trebilcock, Professor of Law, University of Toronto
'Schumpeter meets regulators on digital platforms in the 21st
century. A fascinating book that explores the delicate interface
between competition policy and regulation. It comes at the most
opportune time.' Tommaso Valletti, Head of the Department of
Economics and Public Policy, Imperial College London
'… this compelling volume belongs in any collection encompassing
digital commerce regulation or media law.' T. Brennan, Choice
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