In 2019, many reports have been adopted or commissioned by antitrust authorities across the world to identify the new issues raised by the digital platforms and analyse how they could be dealt with by competition policy. What are your main takeaways from those reports? Do you see a consensus emerging among economists on the need to adapt competition policy? Jorge Padilla: Those reports suggest the existence of a broad consensus among economists and non-economists on a number of principles. First, contrary to what was argued for years, the emerging consensus is that competition policy has a role to play in winner-takes-all markets in order to ensure that dominant platforms are effectively disciplined by Schumpeterian innovation. Second, most practitioners believe that the costs of the
INTERVIEW: COMPETITION POLICY - DIGITAL ECONOMY - PLATFORMS - MARKET REGULATION
Jacques Cremer (University of Toulouse I) & Jorge Padilla (Compass Lexecon): How to make competition policy fit for the digital age?
Interview conducted by Alexandre de Streel, Professor, University of Namur and Centre on Regulation in Europe (CERRE), Brussels
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.