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Modern industrial organization theory of media markets and competition policy implications

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  • Budzinski, Oliver
  • Kuchinke, Björn

Abstract

This paper outlines the modern industrial organization theory of media markets including competition policy implications. After recapturing fundamentals of industrial organization theory in a non-technical way, the state of the art of (i) modern platform economics, (ii) the economics of the so-called sharing economy, and (iii) the economics of data-based business models and data-driven markets is summarized in a detailed way and illustrated by modern media examples.

Suggested Citation

  • Budzinski, Oliver & Kuchinke, Björn, 2018. "Modern industrial organization theory of media markets and competition policy implications," Ilmenau Economics Discussion Papers 115, Ilmenau University of Technology, Institute of Economics.
    • Handle: RePEc:zbw:tuiedp:115
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    References listed on IDEAS

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    Cited by:

    1. Patrice Bougette & Oliver Budzinski & Frédéric Marty, 2019. "Exploitative Abuse and Abuse of Economic Dependence: What Can We Learn From an Industrial Organization Approach?," Revue d'économie politique, Dalloz, vol. 129(2), pages 261-286.
    2. Oliver Budzinski & Annika Stöhr, 2019. "Competition policy reform in Europe and Germany – institutional change in the light of digitization," European Competition Journal, Taylor & Francis Journals, vol. 15(1), pages 15-54, January.
    3. Budzinski, Oliver & Lindstädt-Dreusicke, Nadine, 2018. "The new media economics of video-on-demand markets: Lessons for competition policy," Ilmenau Economics Discussion Papers 116, Ilmenau University of Technology, Institute of Economics.
    4. Bartelt, Nadja, 2018. "Bundling in Internetmärkten: Ökonomische Besonderheiten, Wettbewerbseffekte und Regulierungsimplikationen," Ilmenau Economics Discussion Papers 120, Ilmenau University of Technology, Institute of Economics.
    5. Budzinski, Oliver & Lindstädt-Dreusicke, Nadine, 2019. "The new media economics of video-on-demand markets: Lessons for competition policy (updated version)," Ilmenau Economics Discussion Papers 125, Ilmenau University of Technology, Institute of Economics.
    6. Oliver Budzinski & Victoriia Noskova & Xijie Zhang, 2019. "The brave new world of digital personal assistants: benefits and challenges from an economic perspective," Netnomics, Springer, vol. 20(2), pages 177-194, December.

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    More about this item

    Keywords

    industrial organization; media economics; industrial economics; platform economics; sharing economy; digital economy; digitization; big data; economics of privacy; competition policy; antitrust economics;
    All these keywords.

    JEL classification:

    • L0 - Industrial Organization - - General
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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