Big Tech and Antitrust: Rethinking Competition Policy for the Digital Era
The rising power of Big Tech firms has brought antitrust and competition laws to the attention of policymakers around the world. What are the economic, political, and social effects of corporate concentration? Are low prices a sufficient justification for broad horizontal and vertical integration? Do "natural" digital monopolies require us to rethink antitrust guidelines that date back to the era of Standard Oil?