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Antitrust in the digital economy: Views of leading economists on the market dominance of technology giants

Summary:
Romesh Vaitilingam of Voxeu summarises the views: In October 2020, the US Department of Justice launched a federal antitrust lawsuit against Google, accusing the firm of abusing its dominance in the market for internet search. The IGM Forum at Chicago Booth invited its panels of leading US and European economists to express their views on the nature of the market dominance of Google and other technology giants in the digital economy, and what the appropriate policy response might be. As this column reports, among other results, when asked whether the imposition of some kind of regulation or a fundamental change in antitrust policy is warranted, a larger proportion of experts on the European panel agreed than of those on the US panel. Hmm..

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Romesh Vaitilingam of Voxeu summarises the views:

In October 2020, the US Department of Justice launched a federal antitrust lawsuit against Google, accusing the firm of abusing its dominance in the market for internet search. The IGM Forum at Chicago Booth invited its panels of leading US and European economists to express their views on the nature of the market dominance of Google and other technology giants in the digital economy, and what the appropriate policy response might be. As this column reports, among other results, when asked whether the imposition of some kind of regulation or a fundamental change in antitrust policy is warranted, a larger proportion of experts on the European panel agreed than of those on the US panel.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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