There is a growing concern over concentration and market power in a broad range of industrial sectors in the United States, particularly in markets served by digital platforms. At the same time, reports and studies around the world have called for increased competition enforcement against digital platforms, both by conventional antitrust authorities and through increased use of regulatory tools. This Article examines how, despite the challenges of implementing effective rules, regulatory approaches could help to address certain concerns about digital platforms by complementing traditional antitrust enforcement. We explain why introducing light- handed, industry-specific regulation could increase competition and reduce barriers to entry in markets served by digital platforms while better preserving the benefits they bring to consumers.
Antitrust Enforcement, Regulation, and Digital Platforms
- William P. Rogerson & Howard Shelanski
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- William Rogerson is the Charles E. and Emma H. Morrison Professor of Economics at Northwestern University. He has previously served as Chief Economist of the Federal Communications Commission. Howard Shelanski is Professor of Law at Georgetown University and a member of the firm Davis Polk & Wardwell LLP. He has formerly served as Director of the Bureau of Economics at the Federal Trade Commission and as Chief Economist of the Federal Communications Commission. Shelanski has provided legal advice to Facebook and to various firms challenging other digital platforms.