17 December 2021
The digital transformations of the 21st century have led to a remarkable expansion of the platform-based economy. However, as our world shrinks virtually through advancements in communication technology, the Internet of Things (IoT), and digital consumerism, digital platforms are increasing their grip on the value generated in the platform economy and raising barriers for competition in their sector. Anti-monopoly authorities are facing the imminent challenge of reviving competition; however, their current policy toolkit cannot grasp the intricacies of a highly interconnected platform economy.