IIASA researchers contributed to a discussion on the ways in which systems analysis and complexity economics can support public sector policies with new computational technologies and analytical tools toward targeted governance of platform markets, data-based activities, and complex societies.

Advancements in computational technologies including Artificial Intelligence, Machine Learning, and Deep Learning have widely proliferated the growth of the most prominent actors in the digital platform economy. Some experts believe that a deeper dissemination of computational techniques into public governance, policies, regulatory enforcements hold high promise for ensuring adequacy of regulatory tools in increasingly complex economies.

On 24 May 2021, Elena Rovenskaya contributed to the virtual conference titled “The Promise of Computational Competition Law and Economics”, organized by the BRICS Competition Law and Policy Center and Hellenic Competition Commission, and supported by the Journal of Competition Law and Economics. Rovenskaya presented on ASA’s recent explorations of agent-based modelling (ABM) techniques in the forecasting of macroeconomics and for analyzing resiliencies of national economies to endogenous crises and external shocks.

Her presentation highlighted the underperformances of existing macroeconomic models during economic abnormalities, and the promising techniques of ABM in modelling non-equilibrium behaviors of heterogenous agents to develop reliable forecasts of the consequences of macroeconomic perturbations using a bottom-up approach. Her presentation is in line with the research of ASA’s Exploratory Modelling of Human-natural Systems (EM) research group which focuses on the development of integrative models of different complexity to better understand complex feedbacks in human-natural systems, led by Sebastian Poledna.

The conference also elaborated on the obstacles faced by competition and anti-monopoly regulators in incorporating computational techniques into existing law enforcements and investigatory processes. Here, Rovenskaya also referred to the potential possibilities of ABM in mapping the behaviors of highly interconnected digital business ecosystems and its usefulness in informing the next generation of ex-ante competition policy frameworks.

The event brought together competition policy-advisors and experts including Ioannis Lianos, President of the Hellenic Competition Commission, Yann Guthmann, Head of the Digital Economic Unit at the French Competition Authority, and Pierre Regibeau, Chief Economist, European Commission. Among present were also academics from Stanford University, University College London, and Utrecht University.

To read more on the event and watch the live stream, click here.

To read the BRICS Competition Law and Policy Center and the Hellenic Competition Commission Inception Report on Computational Competition Law and Economics, click here.

To find out more about the EM group and ASA’s other activities, click here.


Biodiversity Monitoring Europe

01 July 2024

What do we need for better biodiversity monitoring in Europe?

A new publication authored by scientists from the German Centre for Integrative Biodiversity Research (iDiv) and IIASA with a large European consortium provides vital insights into the current status of biodiversity monitoring in Europe, identifying policy needs, challenges, and future pathways.
Climate Change and Social Media Cover

27 June 2024

What can social media tell us about public views on climate change?

IIASA researchers contributed to a new study, analyzing the main narratives in public discussions of climate change on social media.
Futuristic digital platform with a glowing central podium against a high-tech circuit background

26 June 2024

BRICS perspectives on innovations in digital competition policy and practices

BRICS countries face common regulatory challenges posed by the increasing dominance of digital platform ecosystems. By fostering dialogue and cooperation between their competition authorities, these nations can aim to develop a unified understanding and symbiotic strategies to tackle these challenges.