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Protecting the Competitive Process, not a Competitive Structure - Reflections on the book by Nicolas Petit Big Tech and the Digital Economy

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Listed:
  • Frédéric Marty

    (Université Côte d'Azur, France
    GREDEG CNRS)

Abstract

Nicolas Petit's Big Tech & the Digital Economy - The Molygopoly Scenario offers a most stimulating insight into the conditions of competition between digital ecosystems and emphasises its dynamic aspects by placing the question of innovation in a context of uncertainty at the centre of its subject matter. This review aims to present the analysis carried out by Nicolas Petit and his proposals in terms of controlling the strategies of the firms through competition rules. It puts Nicolas Petit's work into perspective by successively considering three dimensions: the comeback of structuralist analyses of competition, considering it from the perspective of an effective rivalry on the market, the understanding of competition both as competition in the market and competition for the market, and finally the analysis of the enforcement of competition rules in molygopolistic markets.

Suggested Citation

  • Frédéric Marty, 2020. "Protecting the Competitive Process, not a Competitive Structure - Reflections on the book by Nicolas Petit Big Tech and the Digital Economy," GREDEG Working Papers 2020-51, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    • Handle: RePEc:gre:wpaper:2020-51
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    References listed on IDEAS

    as
    1. Bougette, Patrice & Deschamps, Marc & Marty, Frédéric, 2015. "When Economics Met Antitrust: The Second Chicago School and the Economization of Antitrust Law," Enterprise & Society, Cambridge University Press, vol. 16(2), pages 313-353, June.
    2. Jean-Luc Gaffard & Michel Quéré, 2007. "What’s the aim for competition policy: Optimizing market structure or encouraging innovative behaviors?," Springer Books, in: Uwe Cantner & Franco Malerba (ed.), Innovation, Industrial Dynamics and Structural Transformation, pages 393-405, Springer.
    3. Jean-Luc Gaffard, 2009. "Innovation, competition, and growth: Schumpeterian ideas within a Hicksian framework," Springer Books, in: Uwe Cantner & Jean-Luc Gaffard & Lionel Nesta (ed.), Schumpeterian Perspectives on Innovation, Competition and Growth, pages 7-23, Springer.
    4. Amelia Fletcher, 2020. "Market Investigations for Digital Platforms: Panacea or Complement?," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2020-06, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    5. Patrice Bougette & Marc Deschamps & Frédéric Marty, 2015. "When Economics Met Antitrust: The Second Chicago School and the Economization of Antitrust Law," Post-Print halshs-01090048, HAL.
    6. G. B. Richardson, 1998. "The Economics of Imperfect Knowledge," Books, Edward Elgar Publishing, number 1524.
    7. Crain, William Mark & Ekelund, Robert B, Jr, 1976. "Chadwick and Demsetz on Competition and Regulation," Journal of Law and Economics, University of Chicago Press, vol. 19(1), pages 149-162, April.
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    More about this item

    Keywords

    digital ecosystems; competition laws; innovation; dominance;
    All these keywords.

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K30 - Law and Economics - - Other Substantive Areas of Law - - - General
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-

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