Market Definition in the Digital Era - ECA Economics


What is a digital market research report?

    It provides a comparative analysis of recent initiatives taken by Governments worldwide and includes recommendations for developing countries in dealing with competition issues relevant to digital markets.

How can digital markets be regulated?

    The Competition Commission has suggested a collaborative approach between competition authorities and relevant sectoral regulators, to formulate a regulatory regime that adjusts to the dynamism of digital markets rather than regulating different aspects of such markets through different institutions.

How does digital technology affect economics?

    Digital technology often means that costs may constrain economic actions. Therefore, digital economics explores how standard economic models change as certain costs fall substantially and perhaps approach zero. We emphasize how this shift in costs can be divided into five types: (i) Lower search costs (ii) Lower replication costs

Why are digital markets so important?

    This is mainly due to the distinguishing characteristics of digital markets, such as their multisided nature, as well as zero-price services, network effects, economies of scale and scope and the importance of access to and monetization of data.
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