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Does New Technology Have an Antitrust Problem?
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Are digital markets competitive? What does competition mean in a digital economy? Competition policy - the policy that tries to ensure markets are competitive - has its origin in in an economy vastly different to our own - an economy of factories, not bits. Sometimes competition policy is called 'antitrust', referring to its origins in the trust-busting era that responded to America's gilded age. In this episode of D3, Associate Professor Thibault Schrepel joins Chris Berg to unpack the future of competition policy in a world of blockchain, artificial intelligence, and the metaverse.
Thibault is Associate Professor of Law at the Amsterdam Law & Technology Institute. He is also a Faculty Associate at the CodeX Center at Stanford University, has advised the World Bank, the World Economic Forum, and the Luxembourg Competition Agency. He is the author of two books, including most recently *Blockchain + Antitrust: The Decentralization Formula* published by Edward Elgar Publishing.
Chapters
01:50 Competition Policy / Antitrust and Policymakers
03:47 Underlying Principles of Public Policy in Competition
05:57 Competition Agencies’ response to the Digitisation of Economy
08:45 “Predatory Innovation” and How it Relates to Digital Transition
11:51 Smart Contracts
15:45 The Blockchain Ecosystem and Areas for Competition Policy Attention
18:08 Microtransactions and Recent Antitrust Cases
22:00 Blockchain and AI: The Evolving Nature of Global Jurisdictional Competition
27:08 Regulatory Complexities of Open-source AI Models
30:28 Behavioural Economics and Antitrust laws
31:58 Solving Competitive Concerns by Design
34:27 What is the Metaverse Competition Agency?
36:53 Conclusion
Episode recorded: 23 May 2024
Resources:
- About Thibault Schrepel and his work
- Learn about emerging tech through D3 short online courses
- Follow D3 on and LinkedIn and Twitter to stay up to date with all our news and updates
- Watch D3 on YouTube
- Join the D3 Community for monthly updates on our new short course releases, upcoming events and latest partnerships and impact with the digital economy
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