Posted by Social Science Research Network
Technology-Intensive Markets and the Myth of the Demise of Antitrust Scrutiny
Roberto Taufick (Secretariat for Economic Monitoring)
Abstract: Antitrust experts usually claim that technology-intensive industries should be subject to less rigorous merger reviews. The cornerstone of this idea lies in the high dynamism that permeates those markets, creating environments of constant changes and permanent disruption. However, from time to time disruption allows mavericks to change market conditions so dramatically that former dominant firms might even have to move to neighbor markets to survive. When an industry reaches such a condition, one could expect that the new market leader would also be dominant for a larger interval – until the new paradigm is assimilated by the competitors and they catch up with the disruptor. In such cases, paradoxically, disruption would lead to long periods of abnormal market dominance.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI