Market power, competition and innovation in digital markets: A survey

IF 4.5 3区经济学 Q1 ECONOMICS

Information Economics and Policy Pub Date : 2021-03-01 DOI:10.1016/j.infoecopol.2020.100853

Emilio Calvano , Michele Polo

引用次数: 0

Abstract

This article focuses on the economics of digital markets with particular emphasis on those features that are commonly deemed critical for Antitrust. Digital markets are often concentrated due to network effects and due to the need of large amounts of Data for production. We review papers characterizing the nature of social harms caused by market power and the role of competition FOR the market and IN the market to relief some of that harm. Special emphasis is given to the role of (i) human attention (which is monetized and is a key input in advertising markets), (ii) Data (which is the oil that powers these markets) and (iii) innovation (incentives, entry for buyout and killer acquisitions).

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数字市场的市场力量、竞争和创新:一项调查

本文主要关注数字市场的经济学，特别强调那些通常被认为对反垄断至关重要的特征。由于网络效应和生产需要大量数据，数字市场往往是集中的。我们回顾了描述市场力量造成的社会危害性质的论文，以及市场竞争和市场竞争的作用，以减轻一些危害。特别强调的是(i)人的注意力(这是货币化的，是广告市场的关键投入)，(ii)数据(这是推动这些市场的石油)和(iii)创新(激励，收购和杀手级收购的进入)的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Information Economics and Policy ECONOMICS-

CiteScore

5.00

自引率

10.70%

发文量

期刊介绍： IEP is an international journal that aims to publish peer-reviewed policy-oriented research about the production, distribution and use of information, including these subjects: the economics of the telecommunications, mass media, and other information industries, the economics of innovation and intellectual property, the role of information in economic development, and the role of information and information technology in the functioning of markets. The purpose of the journal is to provide an interdisciplinary and international forum for theoretical and empirical research that addresses the needs of other researchers, government, and professionals who are involved in the policy-making process. IEP publishes research papers, short contributions, and surveys.