Merger Policy in Digital Markets: An Ex-Post Assessment

  title={Merger Policy in Digital Markets: An Ex-Post Assessment},
  author={Elena Argentesi and Emilio Calvano and Tomaso Duso and A. Marrazzo and S. Nava},
  journal={CEPR Discussion Paper Series},
  • Elena Argentesi, Emilio Calvano, +2 authors S. Nava
  • Published 2019
  • Business
  • CEPR Discussion Paper Series
  • This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition policy. We show that these features have been key determinants of the theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions carried out… CONTINUE READING
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