Rethinking Antitrust Tools for Multi-Sided Platforms / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

Antitrust law.

Trade regulation.

Physical Description:

1 online resource (230 pages)

Place of Publication:

Paris : OECD Publishing, 2018.

Summary:

This report investigates how competition agencies can respond to the challenges posed by the multi-sided nature of platform markets, which are particularly common in the digital economy. It asks whether the antitrust tools that are traditionally used to define markets, to assess market power and efficiencies, and to assess the effects of exclusionary conduct and vertical restraints, remain sufficient to address those questions in the context of multi-sided platform markets. It then proposes how these tools might be re-designed or re-interpreted in order to equip competition agencies with the tools they require when analysing these markets.

Contents:

Part I Introduction and key findings

1 What are multi-sided markets? Why are they different?

2 Market definition

3 Market power

4 Exclusionary conduct

5 Efficiencies

6 Vertical restraints

Notes

References

Part II Market definition

1 Market definition in multi-sided markets

1 A working definition of a two-sided market

2 A useful distinction among two-sided markets

3 Assessing the two-sided nature of the market

4 Defining one or two markets

5 Considering both sides of the market

6 The SSNIP test and the HM test

7 Conclusions

2 Market definition in multi-sided markets

1 Introduction

2 One single market vs separate markets for distinct market sides

3 Product market definition with multi-homing and single-homing

4 Further challenges when applying traditional methods for market definition

in multi-sided markets

5 Conclusion

Part III Market power

3 Measuring market power in multi-sided markets

2 Features of multi-sided markets

3 Practical steps when considering measuring market power in multi-sided markets

4 Measures of market power

5 Assessing the strength and impact of indirect network externalities and feedback loops

6 Conclusion

Annex Examples of cases assessing market power in multi-sided markets

Notes.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-94865-1