Technology and Competition Economics

Stephen King

International Journal of the Economics of Business, 2018, vol. 25, issue 1, 109-118

Abstract: Advances in technology are creating new business models. The internet means that consumers can access a wide variety of potential suppliers. Those suppliers may have extensive data on individual consumers, and the interactions between buyers and sellers may be moderated by large, potentially dominant, platforms such as Google and Facebook. Competition authorities and policy makers are grappling with the issues raised by technology. However, the tools available to regulators are often laws that were designed for a pre-internet world. It is not clear if these laws can adapt. This article briefly surveys three areas of particular concern for both economic researchers and competition authorities: the competitive implications of two-sided markets; price restrictions imposed by internet platforms on retailers; and the use of personalized data by sellers.

Date: 2018
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DOI: 10.1080/13571516.2017.1397879

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