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The Competition Economics Of Online Platforms

Author

Listed:
  • CENTO VELJANOVSKI

    (Case Associates, Pavilion Kensington High Street, London, UK2Institute of Economic Affairs, 2 Lord North Street, London, UK3University of Buckingham, Hunter Street, Buckingham, UK)

Abstract

This paper provides an overview of the competitive issues surrounding online platforms. The general theme is that while much has been made of the structural features of online platforms, there is little hard evidence that these are durable monopolies. Nonetheless, there are concerns about the behavior of large online digital platforms arising from their vertical integration, self-preferencing, killer acquisitions, and agglomeration. Developments in and relevance to ASEAN countries are discussed.

Suggested Citation

  • Cento Veljanovski, 2022. "The Competition Economics Of Online Platforms," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 67(05), pages 1699-1724, September.
    • Handle: RePEc:wsi:serxxx:v:67:y:2022:i:05:n:s0217590821420017
    DOI: 10.1142/S0217590821420017
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    More about this item

    Keywords

    Network effects; two-sided markets; online platforms; self-preferencing; foreclosure; killer acquisitions; Big Tech;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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