Data-opolies

13 Pages Posted: 4 Mar 2017 Last revised: 30 Apr 2018

See all articles by Maurice E. Stucke

Maurice E. Stucke

The Konkurrenz Group; University of Tennessee College of Law

Allen P. Grunes

The Konkurrenz Group

Date Written: March 3, 2017

Abstract

In contrast to the European Commission, the U.S. Department of Justice and Federal Trade Commission have not meaningfully prosecuted monopolistic abuses over the past 16 years. The U.S. Supreme Court’s view on monopolies has also become forgiving. There is no empirical support that monopolies—whether in dynamic or static markets—are generally good for society.

Yes, one might say. But with the expansion of the data-driven economy, one has less to fear of monopolization. We debunk these myths in our book, Big Data and Competition Policy (Oxford University Press 2016). Our aim here is to summarize several reasons why data-driven markets can be monopolized, and identify one recent example of a data-driven exclusionary tactic. Thus, prosecuting monopolistic abuses is even more important in certain online industries.

Keywords: Monopoly, Antitrust, Big Data, Network Effects

JEL Classification: K21, L40, L41

Suggested Citation

Stucke, Maurice E. and Grunes, Allen P., Data-opolies (March 3, 2017). CONCURRENCES No. 2-2017 (2017); University of Tennessee Legal Studies Research Paper No. 316. Available at SSRN: https://ssrn.com/abstract=2927018 or http://dx.doi.org/10.2139/ssrn.2927018

Maurice E. Stucke (Contact Author)

The Konkurrenz Group ( email )

5335 Wisconsin Ave., NW
Suite 440
Washington, DC 20015
United States

University of Tennessee College of Law ( email )

1505 W. Cumberland Ave.
Knoxville, TN 37996
United States
865-974-9816 (Phone)

HOME PAGE: http://law.utk.edu/people/maurice-stucke/

Allen P. Grunes

The Konkurrenz Group ( email )

5335 Wisconsin Ave., NW
Suite 440
Washington, DC 20015
United States
202-644-9760 (Phone)

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