A framework for the interplay between antitrust and regulation in digital markets
08 Oct 2020
17:30 - 18:30
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Filippo Lancieri’s research explores the challenges associated with antitrust enforcement and data protection in the digital age.
Over the past decade, societies significantly improved their understanding of the competitive dynamics at play in digital markets. However, a challenge remains in designing behavioral remedies that actually improve overall welfare. This presentation will introduce a new framework to integrate antitrust and regulatory interventions in the digital world—one that is focused on two different levels of remedy design. First, it proposes an error-cost framework to help authorities choose among the different remedies available to correct a given conduct. Second, it defends that the growing interplay between antitrust and competition policy opens room for regulators to separate remedy design into three connected but different activities: (i) the identification of harmful behavior; (ii) the design of the intervention; and (iii) monitoring and adaptation. It then proposes a multi-criteria test to help authorities determine whether antitrust enforcers or regulators are better placed to perform each of these three activities in different, real-world situations.