Value in Digital Platforms: The Choice of Tradeoffs in the Digital Markets Act

The Digital Markets Act makes clear choices about important tradeoffs in value to constrain the arbitrary power and dominance of gatekeepers over digital markets and guarantee a more equitable distribution of value with business users. We argue that the extent those objectives will be realized depend largely on the nature of competition, both the type of competition (within vs. across platforms) and the competition dynamics (Winner-Take-All vs. differentiation). We anticipate that the choices ab