Edited by Paul Nihoul and Pieter Van Cleynenbreugel
Chapter 12: The digital economy: a challenge for competition policy?
Many people are concerned about the strong market position of certain individual companies in the digital economy. The largest search engine processes about 90 percent of all queries from Europe. The largest social network receives 15 times as many clicks as the second-largest. How can this strong market concentration be explained? And is it cause for concern? Acknowledging those concerns, the German Monopolies’ Commission adopted a prospective report proposing a way forward in this respect. This chapter analyses the propositions made in that report, questioning to what extent the digital economy poses a challenge for competition policy.
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