Friday, July 11, 2014

Public policies in digital markets: reflections from competition enforcement

" ... For my keynote address, I have selected a topic that can show the interplay between competition policy and other policy domains. I am referring to the challenges posed by the digital economy and in particular by the rise of dominant platforms.

The most talked-about investigation we currently have in this area involves Google. Apart from the wide debate it has sparked, this investigation shows that competition law tools are flexible enough to deal with competition concerns in industries where technology advances rapidly.

However, the Google investigation has also shown that one competition case should not be used as a proxy to address wide-ranging issues going beyond the scope of competition policy raised by the business practices of international, unregulated, and dominant platforms.

So, on the basis of our practice, I would like to reflect on the challenges posed by the rise of the digital economy, the array of public policies required to address them, and the proper place of competition control among these policies.

I believe EU public policy should pursue two main objectives in digital industries: creating the best conditions for them to flourish in Europe and, at the same time, preventing the potential risks that powerful platforms pose for businesses, users and society at large..." (I wonder which are these "powerfull platforms...)

read full speech at European Commission


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