Competition law and regulation

Maria Michalis

Chapter 35 in Handbook of Media and Communication Governance, 2024, pp 472-485 from Edward Elgar Publishing

Abstract: This chapter explains competition law and regulation, focusing on characteristics of digital platforms and the challenges they raise. It argues that weak competition law enforcement, from the mid-1990s to the mid-2010s, permitted the growth of a few powerful online platforms. The recent reawakening of competition law enforcement and the move towards proactive (upfront) regulation in, among others, Europe and the United States, is a welcome but limited response. Two additional lines of action can help address the systemic problems of the evolving digital media landscape and the driving force of platform dominance based on data collection. One, we need specific data-related policy measures. Two, we need to nurture a viable diverse digital space, by empowering market entry based on alternative non-surveillance-based business models. In short, competition law and regulation are a solution, but not the solution, to the fundamental economic, social and political-democratic welfare concerns raised by platform society.

Keywords: Business and Management; Economics and Finance; Innovations and Technology; Law - Academic; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers)
Date: 2024
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