US: Third FTC’s 21st Century hearings to start Monday

The three-day event will examine the potential for collusive, exclusionary, and predatory conduct in multi-sided, technology-based platform industries.  The sessions will also examine antitrust frameworks for evaluating acquisitions of nascent competitors or occurring in nascent markets, including in the technology and digital marketplace; and the approach to addressing antitrust issues regarding labor markets.

The Commission invites public comment on these issues, including, the questions listed below.

Multi-Sided Platforms (October 15, 16, and 17):

1. What are the defining characteristics of multi-sided platforms? Is there a way to distinguish between multi-sided and single-sided businesses? Are any adjustments to antitrust analysis necessary to account for any special characteristics of multi-sided businesses?
2. How should the courts and agencies define relevant antitrust markets and measure market power for multi-sided platform businesses?
3. What is the relevance of network effects (direct and indirect) in multi-sided platform markets?
4. How should the courts and agencies evaluate exclusionary conduct by firms competing in multi-sided platform markets, including predatory pricing, vertical restraints, most-favored nation clauses, and actions to undermine rivals who depend on platform infrastructure?
5. Are there unique procompetitive justifications for these types of conduct by firms competing in multi-sided platform markets?
6. What is the relevant legal precedent for evaluating antitrust concerns related to multi-sided platform businesses?

The list of speakers on Monday include a welcome from Commissioner Rohit Chopra. Followed by David S. Evans from the Global Economics Group speaking on The Economics of Multi-Sided Platforms. The hearings continue with Catherine Tucker from MIT on Network Effects in Multi-Sided Platforms.  The FTC provided a detailed agenda in a PDF which can be accessed HERE.