Nicolas Petit’s forthcoming book, Big Tech and the Digital Economy (Oxford, 2020) offers an interesting new take on antirust and regulation in the digital economy. Here’s one wise reviewer:
Introducing the concept of “moligopoly” Petit shows how firms with big market shares -- even so-called “entrenched monopolists” -- still face vigorous competition in adjacent markets. Weaving together insights from industrial organization economics, strategic management, and theories of dynamic competition and building on thinkers from Joseph Schumpeter to David Teece, Petit provides not only an overview of key issues related to digital markets and technologies but also a provocative and useful guide for making competition policy better.
OK, that’s my own dust jacket blurb. The law and economics blog Truth on the Market is running a symposium to celebrate the launch of the book and I contributed a short piece, “It’s Not So Simple Who Owns ‘Your’ Data,” which elaborates on a point I made in my Mises University lecture on data privacy.
