Why Sound Law and Economics Should Guide Competition Policy in the Digital Economy

ICLE Working Paper, 30 September 2018

13 Pages Posted: 17 Jun 2019

See all articles by Dirk Auer

Dirk Auer

International Center for Law & Economics (ICLE)

Geoffrey A. Manne

International Center for Law & Economics (ICLE)

Aurelien Portuese

St Mary's University London; George Mason University

Thibault Schrepel

Utrecht University School of Law (the Netherlands)

Date Written: September 30, 2018

Abstract

In our submission, we argue that competition policy in the digital economy should be based on sound, theoretical underpinnings and rigorous, evidence-based analysis, best encapsulated in the “law and economics” approach. Despite many expressed fears to the contrary, digital markets are not inherently prone to anti-competitive behavior, and the weight of economic theory and evidence offer little support for the asserted risk of harm. We thus argue that competition intervention should take into account the uncertainty of harm, the presence of countervailing benefits and the problems of devising an effective remedy.

Suggested Citation

Auer, Dirk and Manne, Geoffrey and Portuese, Aurélien and Schrepel, Thibault, Why Sound Law and Economics Should Guide Competition Policy in the Digital Economy (September 30, 2018). ICLE Working Paper, 30 September 2018. Available at SSRN: https://ssrn.com/abstract=3384405 or http://dx.doi.org/10.2139/ssrn.3384405

Dirk Auer

International Center for Law & Economics (ICLE) ( email )

5005 SW Meadows Rd.
Suite 300
Lake Oswego, OR 97035
United States

HOME PAGE: http://https://laweconcenter.org/author/dirkauer/

Geoffrey Manne (Contact Author)

International Center for Law & Economics (ICLE) ( email )

2117 NE Oregon St.
Suite 501
Portland, OR 97232
United States
503-770-0076 (Phone)

HOME PAGE: http://www.laweconcenter.org

Aurélien Portuese

St Mary's University London ( email )

United Kingdom

George Mason University ( email )

United States

Thibault Schrepel

Utrecht University School of Law (the Netherlands)

3508 TC Utrecht
Utrecht
Netherlands

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