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Google, Facebook, Amazon, eBay: Is the Internet driving competition or market monopolization?

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  • Justus Haucap

    ()

  • Ulrich Heimeshoff

    ()

Abstract

This paper discusses the general characteristics of online markets from a competition theory perspective and the implications for competition policy. Three important Internet markets are analyzed in more detail: search engines, online auction platforms, and social networks. Given the high level of market concentration and the development of competition over time, we use our theoretical insights to examine whether (a) leading Internet platforms have non-temporary market power and, based on this analysis, (b) whether any specific market regulation beyond general competition law rules is warranted in these three online markets. Copyright Springer-Verlag Berlin Heidelberg 2014

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Bibliographic Info

Article provided by Springer in its journal International Economics and Economic Policy.

Volume (Year): 11 (2014)
Issue (Month): 1 (February)
Pages: 49-61

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Handle: RePEc:kap:iecepo:v:11:y:2014:i:1:p:49-61

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Web page: http://www.springerlink.com/link.asp?id=111059

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Keywords: Two-sided markets; Online markets; Digital economy; Antitrust; E-commerce; L12; L41; L81; L82; L86;

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References

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  1. David Lucking-Reiley, 1999. "Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet," American Economic Review, American Economic Association, American Economic Association, vol. 89(5), pages 1063-1080, December.
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  3. Haucap, Justus, 2012. "Wie lange hält Googles Monopol?," DICE Ordnungspolitische Perspektiven 32, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
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  8. Argenton, C. & Prüfer, J., 2011. "Search Engine Competition with Network Externalities," Discussion Paper, Tilburg University, Tilburg Law and Economic Center 2011-024, Tilburg University, Tilburg Law and Economic Center.
  9. Patrick Bajari & Ali Horta�su, 2004. "Economic Insights from Internet Auctions," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 457-486, June.
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  11. Pollock Rufus, 2010. "Is Google the Next Microsoft: Competition, Welfare and Regulation in Online Search," Review of Network Economics, De Gruyter, De Gruyter, vol. 9(4), pages 1-31, December.
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  1. Google, Facebook, Amazon, eBay: Is the internet driving competition or market monopolization?
    by jccavalcanti in JCC.com on 2013-02-04 13:21:44

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