Will the Digital Markets Act Kill Innovation in Europe?

Abstract

In December 2020, the European Commission proposed an ambitious new set of rules, the Digital Markets Act (“DMA”), which could be applicable in 2023 and whose rationale leans heavily on innovation. In many places throughout the proposed DMA recitals, the Explanatory Memorandum included therewith and the Impact Assessment attached thereto, the Commission explains in greater detail how innovation is currently adversely impacted in the digital economy and how its proposal would improve the situation. This short paper shows that by opening as many paths as possible to innovative firms, the #DMA will promote the diversity and level of innovation in Europe:

Keywords: Digital Platforms, Innovation, EU Regulation