Anything, Anytime, Anywhere: Is Antitrust Ready for Flexible Market Arrangements?

20(5) Antitrust Source 1 (2021)

Arizona Legal Studies Discussion Paper No. 21-05

16 Pages Posted: 23 Apr 2021 Last revised: 28 Apr 2021

Date Written: April 21, 2021

Abstract

The migration of business and social activities from physical to virtual venues, once known as the transition to the “New Economy,” is one of the defining characteristics of the digital revolution. This article explores a relatively underdeveloped aspect of the migration: the proliferation of fluid forms of arrangements, which, in the absence of a better term, I call flexible market arrangements (FMAs). In their essence, FMAs are alternatives to some of the structured arrangements that pervaded the brick-and-mortar economy. The core feature of FMAs—the flexibility—is derived from the elimination of economic constraints that are inherent to activities in physical spaces, such as the location of workers and consumers, capital investments, long-term contracts, employment relations, and preferences for in-person interactions. Concerns about competition in digital and labor markets and long-term trends in income and wealth inequality have shaped debates over antitrust policies in recent years. These debates, I argue, have failed to identify adequately the significance of the increasing prevalence of FMAs. This article explains why the rapid spread of FMAs will become the subject of antitrust litigation, investigations, and legislative proposals.

Keywords: antitrust, flexible market arrangements, FMAs, digital platforms, work from home, digital revolution, New Economy, antitrust litigation

Suggested Citation

Orbach, Barak, Anything, Anytime, Anywhere: Is Antitrust Ready for Flexible Market Arrangements? (April 21, 2021). 20(5) Antitrust Source 1 (2021), Arizona Legal Studies Discussion Paper No. 21-05, Available at SSRN: https://ssrn.com/abstract=3832312

Barak Orbach (Contact Author)

University of Arizona ( email )

1201 E. Speedway Blvd.
Tuscon, AZ 85721-0176
United States
520-626-7256 (Phone)
520.858.0025 (Fax)

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

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