DMC Forum – Annual Event Platform Regulation: Good Principles

Hybrid Event – 1st of October, 2021

Background and Objectives

The regulatory debate on platforms and digital markets has rapidly moved from whether we need new rules to regulate activities and competition in the digital space to what the new principles for such a regulation should be. A plethora of legislative initiatives are being undertaken around the world, some (such as the European DMA act) at more advanced stage, others still under development. These new law proposals are advancing a mix of traditional and new concepts, logics and criteria for detecting and remedying to anticompetitive cases in digital markets. Traditional concepts such as “interoperability” and “portability” from telco regulation are often invoked as potential remedy to entrenchment problems due to excessive concentration of data in the hand of few powerful firms, along with new concepts such as “gatekeepers” (in the EU’s DMA proposal) or “UPSCAM” (in the German Act Against Restraints of Competition).

However, what the guiding principles of such regulation should be are largely left undefined. The DMA explicitly refer to two principles: fairness and contestability. Yet, what these principles mean, conceptually and in practice, is vague, and academics have started debating on their essence[1]. More fundamentally, how those principles link to the law’s provisions and restrictions imposed on designated gatekeepers and whether they should be guiding the ultimate objectives of platform regulation has been subject to criticisms [2]. The lack of clear principles is problematic on two fronts. First, it might lead to a fragmented regulatory environment, whereby each regulator comes up with its own set of obligations and restrictions. Second, it will limit the ability to develop coherent criteria of application of such provisions. On a more fundamental level is the question of what objectives we want to achieve and what principles should accordingly be established to pursue them.

In our DCM Forum Annual Event we re-launch the debate on platform regulation by taking a step back and asking this more profound question:

 

“What are good principles of platform regulation in digital markets?”

 

More specifically we will consider a number of related questions such as:

–       What is fairness in digital markets and how do we guarantee it?

–       There are different kinds of potential market contestability: which one shall we focus on and how do we identify contestability problems?  

–       Shall the focus be solely on competition restraints or also on value creation? What principles should be effective to guarantee that the two objectives are compatible?

–       What is the role of innovation ecosystems in digital markets? How do we incorporate ecosystem dynamics in the debate (and law drafts)?

This DMC Forum Annual Event brings together leading academic experts on digital platforms and ecosystems to address those questions, the implications for the regulatory measures being proposed, and possible ways to move forward.

 

[2] See e.g., the discussion of some of the DMA criticisms before the EU Parliament, in particular the remarks advanced by Cennamo and Scott Morton in relation to the lack of clear principles.

Share with your network

Share on facebook
Share on twitter
Share on linkedin

Panel Speakers

Juan Santaló

Professor of Strategic Management, IE University

Michael Cusumano

Professor of Management and Professor of Engineering Systems, MIT Sloan

Frédéric Jenny

Chairman of the OECD Competition Committee, Professor of Economics ESSEC Business School

Alexandre De Streel

Professor of European Law, University of Namur - Academic Co-Director CERRE

Marshall Van Alstyne

Professor of Information Systems, Boston University (co-author of the original paper on "platform envelopment”)

Thomas Kude

Associate Professor of Information Systems, ESSEC Business School

Tobias Kretschmer

Professor of Management, Ludwig-Maximilians-Universität München (LMU)

Daniel Sokol

Professor of Law, University of Florida

Cristina Alaimo

Assistant Professor in Digital Economy, LUISS Guido Carli

Michael Jacobides

Professor of Strategy, London Business School

The agenda of the event will be available soon online, in the DMC Forum webpage and communicated duly via email – stay tuned and reserve your spot (at the physical venue or webinar) by registering in the form on this page.

Date: 1st of October, 2021

Time: 14:00 – 16:30 Central European Summer Time

Venue:  Porcelænshaven 22, 2000 Frederiksberg Room S.20

Registration Form

.

Can't attend the event?

Register anyway and we’ll email you the recording after the event.

Panel Chair

Carmelo Cennamo

Carmelo Cennamo

Director at DMC Forum  and Professor of Strategy, Copenhagen Business School

Organizer

Supporters/Sponsors