What are the different types of competition policy?
There are four main competition policy instruments that the EU uses: antitrust rules, merger rules, state aid rules, and cartel rules..
What is the common competition policy of the EU?
European Union competition law is the competition law in use within the European Union. It promotes the maintenance of competition within the European Single Market by regulating anti-competitive conduct by companies to ensure that they do not create cartels and monopolies that would damage the interests of society..
What is the meaning of digital competition?
Competition in the digital marketing context can be defined as: “The rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market-share growth.” – James Carnrite, MSc – information technology management..
Which type of action is part of the EU competition policy?
Broadly speaking, the EU competition policy toolbox includes rules on antitrust, merger control, State aid, and public undertakings and services..
Competition in the digital marketing context can be defined as: “The rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market-share growth.” – James Carnrite, MSc – information technology management.
India is contemplating the enactment of a Digital Competition Act at a time when there is growing concern among policymakers around the world about the power and dominance of tech giants in the digital economy, and the need to ensure a level playing field for all players in the market.
Commissioner Vestager has asked us to explore how competition policy should evolve to continue to promote pro-consumer innovation in the digital age. We
First, we describe the digital world and what we see as the main ways in which markets function in the digital era (Chapter 2). We then outline our views of the
The core goal of competition law should remain that consumers benefit from the digital era and from innovation.
Background
On March 28, 2018, CommissionerVestager appointed the academics — Heike Schweitzer, professor of law at the Humboldt University of Berlin; Jacques Crémer, professor of economics at the Toulouse School of Economics; and Yves-Alexandre de Montjoye, assistant professor of data science at Imperial College London — as special advisers for a period of on.
Data
The Advisers note that timely access to relevant data is increasingly becoming a parameter for competitiveness. However, a broad dissemination of data must be balanced against the need to ensure sufficient investment incentives for firms to collect and process data, as well as the need to protect privacy and business secrets. Commenting on the repo.
Digital and Tech ‘Killer Acquisitions’
The Advisers examine whether the current EU merger control rules need to be revised to address concerns relating to early elimination of potential rivals by dominant firms, through acquisitions of small startups with a quickly growing user base and significant competitive potential, commonly called “killer acquisitions.” Many of these acquisitions .
Platforms
In markets where network effects and returns to scale are strong, the Advisers consider “there might be room in the market for only a limited number of platforms.” In such context it is essential to both protect competition “for” the market and protect competition “in” the market (i.e., on the platform itself). The Advisers argue that large platfor.
Similar UK Initiative
On March 13, 2019, the Digital Competition Expert Panel appointed by the U.K. chancellor and chaired by professor Jason Furman, former chief economist to President Obama, issued a similar report making strategic recommendations for changes to the U.K.’s competition framework to face the opportunities and challenges of the digital economy.4The repor.
Economic concept by businessman Mikhail Fridman
The Indigo Era is a concept publicized by businessman Mikhail Fridman, describing what he views as an emerging new era of economies and economics based on ideas, innovation, and creativity, replacing those based on the possession of natural resources. Fridman is the co-founder of LetterOne, an international investment business, and first publicized the idea in early 2016. The word indigo was initially chosen based on the term indigo children, which has been used to describe people with unusual and innovative abilities.
Competition policy for the digital era
Period after the end of the Cold War
The post–Cold War era is a period of history that follows the end of the Cold War, which represents history after the dissolution of the Soviet Union in December 1991. This period saw many former Soviet republics become sovereign nations, as well as the introduction of market economies in eastern Europe. This period also marked the United States becoming the world's sole superpower.
