Is the Digital Economy Too Concentrated?

32 Pages Posted: 19 Nov 2020 Last revised: 11 Mar 2021

See all articles by Jonathan Klick

Jonathan Klick

University of Pennsylvania Carey Law School; Erasmus School of Law; PERC - Property and Environment Research Center

Date Written: November 11, 2020

Abstract

Concentration in the digital economy in the United States has sparked loud criticism and spurred calls for wide-ranging reforms. These reforms include everything from increased enforcement of existing antitrust laws, such as challenging more mergers and breaking up firms, to an abandonment of the consumer welfare standard. Critics cite corruption and more systemic public choice problems, while others invoke the populist origins of antitrust to slay the digital Goliaths. On the other side, there is skepticism regarding these arguments. This chapter continues much of that skepticism.

Keywords: Antritrust policy, law & economics, concentration, competition, information technology, Big Tech, market power, innovation

JEL Classification: K21, L12, L13, L41, L86

Suggested Citation

Klick, Jonathan, Is the Digital Economy Too Concentrated? (November 11, 2020). The Global Antitrust Institute Report on the Digital Economy 12, U of Penn, Inst for Law & Econ Research Paper No. 21-12, Available at SSRN: https://ssrn.com/abstract=3733695 or http://dx.doi.org/10.2139/ssrn.3733695

Jonathan Klick (Contact Author)

University of Pennsylvania Carey Law School ( email )

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Erasmus School of Law ( email )

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