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Innovating Big Tech firms and competition policy: favoring dynamic over static competition
2021
Industrial and Corporate Change
This paper gives a fresh account of competition in the digital economy. Economic analysis in the field of industrial organization remains largely focused on a sophisticated version of the Schumpeter–Arrow debate, which is unresolved and largely irrelevant. We posit the need to look at competition anew. Static models of monopoly firms and markets in equilibrium are often used to characterize Big Tech firms' size and scope. We suggest that this characterization is inappropriate because the growth
doi:10.1093/icc/dtab049
fatcat:rnvjkmis3ncsfhkqvixaokhek4