Competition policy uses economic analysis to enhance our understanding of how firm behavior affects social welfare. Scholars featured on this site consider how technology markets function, and the special issues raised by networks, platforms, interoperability, and bundling by firms like Google, Apple, and Microsoft.
The laws that set the ground rules prohibiting firms from engaging in anti-competitive practices are usually called “antitrust laws” in the United States, and “competition laws” in Europe and other regions. These laws differ among nations, and each country enforces its laws independently.
“Procurement” is the process by which governments choose to obtain and buy goods and services from the private sector.
In the United States, “antitrust law” refers to the body of State and Federal laws that prohibits unlawful agreements and practices by firms with market power that harm competition. Europe, Asia and Latin America call the governance of market competition “competition law”.
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TAP Academics
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TAP Blog
Professor Nicholas Economides, Stern School of Business of NYU, and Professor Ioannis Lianos, University College of London Faculty of Laws, explain how digital platforms have caused a market failure.
March 5, 2021
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"The significance of the ruling goes far beyond the unique setting of college sports. The decision hints at a revival of antitrust law and its application to an area of the economy antitrust law has unjustly neglected — the labor market." — Eric Posner, Professor of Law, University of Chicago
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Featured Article
Critics question the size and scope of massive firms like Amazon and Google. “Jeffersonians” and “Hamiltonians” offer complementary policy strategies to counter the failures of digital capitalism.
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