Limit search to available items
More Information
Book Cover
Lang Matl
Author Petit, Nicolas, 1978- author.

Title Big tech and the digital economy : the moligopoly scenario / Nicolas Petit.

Publication Info. Oxford, United Kingdom : Oxford University Press, 2020.


Location Call No. Status
 main  338.125-PE BI    Available
Edition First edition.
Description xvi, 297 pages : illustrations ; 25 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
Summary This book asks a simple question: are the tech giants monopolies? In the current environment of suspicion towards the major technology companies as a result of concerns about their power and influence, it has become commonplace to talk of Google, Facebook, Amazon, Apple, Microsoft, or Netflix as the modern day version of the 19th century trusts. In turn, the tech giants are vilified for a whole range of monopoly harms towards consumers, workers and even the democratic process. In the US and the EU, antitrust, and regulatory reform is on the way. Using economics, business and management science as well legal reasoning, this book offers a new perspective on big tech. It builds a theory of "moligopoly". The theory advances that the tech giants, or at least some of them, coexist both as monopolies and oligopoly firms that compete against each other in an environment of substantial uncertainty and economic dynamism. With this, the book assesses ongoing antitrust and regulatory policy efforts. It demonstrates that it is a mistake to pursue policies that seek to introduce more competition in moligopoly markets subject to technological discontinuities. Often, regulation is a more appropriate instrument, all the more in relation to non-economic harms like privacy violations, fake news, or hate speech.
Bibliography Includes bibliographical references and indexes.
Contents Introduction -- The "moligopoly" hypothesis -- Economics of big tech : monopoly v uncertainty -- A concrete theory of moligopoly -- Antitrust in moligopoly markets -- Big tech's novel harms : antitrust or regulation? -- Conclusion.
Subject Internet industry -- Law and legislation.
Electronic commerce.
Digital economy.
Internet law.
Competition law.
Competition. (OCoLC)fst00871464
Electronic commerce. (OCoLC)fst00906906
Internet industry -- Law and legislation. (OCoLC)fst00977268
Monopolies. (OCoLC)fst01025673
ISBN 9780198837701 hardcover
0198837704 hardcover