Market Investigations: A New Competition Tool for Europe? Motta Massimo
Market Investigations: A New Competition Tool for Europe? Motta Massimo In many economic sectors - the digital industries being first and foremost - the market power of dominant firms has been…
Specifikacia Market Investigations: A New Competition Tool for Europe? Motta Massimo
Market Investigations: A New Competition Tool for Europe? Motta Massimo
In many economic sectors - the digital industries being first and foremost - the market power of dominant firms has been steadily increasing and is rarely challenged by competitors. The book argues that a new competition tool is needed: market investigations. Existing competition laws and regulations have been unable to make markets more contestable.
The book explains the role of market investigations, assesses their use in the few jurisdictions where they exist, and discusses how they should be designed. This tool allows authorities to intervene in markets which do not function as they should, due to market features such as network effects, scale economies, switching costs, and behavioural biases. In so doing, it provides an invaluable and timely instrument to both practitioners and