In his keynote address for NBER’s conference on “Megafirms and the Post-COVID Economy”, Professor Jean Tirole, Toulouse School of Economics, explained how traditional regulation and antitrust rules are ineffective in addressing the unique issues arising from the growth of digital platforms.
Harvard professor Jonathan Zittrain shares several years of thinking around digital governance during his talk at the 2020 Tanner Lecture on Human Values. His two-part lecture, titled “Gaining Power, Losing Control,” reflects on how technology has empowered humanity, and yet in many ways, we have less and less control.
Incumbents enjoy competitive advantages over new entrants, because users hesitate to abandon a widely-used platform for one with few users. A new model explores factors that increase and reduce incumbency advantage.
Antitrust authorities express concerns about the power of "Big Tech." Authorities should apply advances in the study of platforms to better understand the beneficial role of digital platforms serving as intermediaries.